Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v4 · On the chart
Av3
Av3 is a price-chart strategy that compares the current seven-period ATR with the average of the previous five ATR values.
Repaints
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code19
Settings2inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
19 lines of Pine Script v4 from Av3.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("Av3",overlay=true,default_qty_type=strategy.percent_of_equity,default_qty_value=100)
TrailingStop=input(defval=500,title="Trailing Stop (pips)",minval=1)
TakeProfit=input(defval=500,title="Take Profit ($)",minval=1)
atr=atr(7)[0]
atrav=((atr(7)[1]+atr(7)[2]+atr(7)[3]+atr(7)[4]+atr(7)[5])/5)
if(atr>atrav)
if (open>close[1])
strategy.order("BUY", strategy.long)
if (open<close[1])
strategy.order("SELL", strategy.short)
if(atr<atrav)
if (open<close[1])
strategy.order("BUY", strategy.long)
if (open>close[1])
strategy.order("SELL", strategy.short)
strategy.close_all(when=strategy.openprofit>TakeProfit,alert_message="Close- TakeProfit")
strategy.exit("TrailStop",trail_points=TrailingStop,trail_offset=1,alert_message="Close- TrailStop")
Expand (18 lines)
Overview
When ATR is above that average it buys if the open is above the prior close and sells if the open is below it; when ATR is below the average it reverses those conditions. It sizes each order at 100 percent of equity. A trailing stop and a take-profit close based on open profit manage exits. Conditions use the live bar, so signals can change before the bar closes.
- Seven-period ATR versus five-bar ATR average
- Long and short orders from open versus prior close
- Full equity position sizing
- Trailing stop in points
- Take profit from open profit
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
File
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trailing Stop (pips) | int | 500 | TrailingStop |
| Take Profit ($) | int | 500 | TakeProfit |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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