Backtest Custom HiLo Strategy: Free TradingView Strategy (Pine Script)

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

102 lines of Pine Script v4 from Backtest Custom HiLo Strategy.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

Backtest Custom HiLo Strategy.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © luyikaibr
//@version=4
strategy("Backtest Custom HiLo Strategy", "BTCHiLoS", overlay=true, precision=2,
         process_orders_on_close=true,
         pyramiding=1,
         close_entries_rule="FIFO",
         initial_capital=100000, 
         default_qty_type=strategy.percent_of_equity,
         default_qty_value=100.0)
// Configure backtest start date with inputs
startDay = input(title="Start Day", type=input.integer,
     defval=2, minval=1, maxval=31)
startMonth = input(title="Start Month", type=input.integer,
     defval=1, minval=1, maxval=12)
startYear = input(title="Start Year", type=input.integer,
     defval=2020, minval=1800, maxval=2100)
// Set backtest end date with inputs
endDay = input(title="End Day", type=input.integer,
     defval=31, minval=1, maxval=31)
endMonth = input(title="End Month", type=input.integer,
     defval=10, minval=1, maxval=12)
endYear = input(title="End Year", type=input.integer,
     defval=2020, minval=1800, maxval=2100)
     
endHour = input(title="End Hour", type=input.integer,
     defval=17, minval=0, maxval=23)
endMin = input(title="End Minute", type=input.integer,
     defval=0, minval=0, maxval=59)
startAtOrigin = input(false, title="Start at Origin")
endNow = input(false, title="End Now")
len = input(34, title="Length", minval=0)
offset = input(0, title="Offset", minval=0)
hiloType = input(title="Type", defval="HiLo", options=["HiLo", "HiLo Activator"])
simpleHiLo = (hiloType == "HiLo")
maType = input(title="MA Type", defval="SMA", options=["SMA", "EMA"])
useEMA = (maType == "EMA")
opType = input(title="Operation Type", defval="Long", options=["Long", "Short", "Both"])
opShort = (opType != "Long")
opLong  = (opType != "Short")
opBoth  = (opType == "Both")
hima = (useEMA ? ema(high, len) : sma(high, len))
loma = (useEMA ? ema(low, len) : sma(low, len))
hihi = (simpleHiLo ? na: highest(high, len))
lolo = (simpleHiLo ? na: lowest(low, len))
hilo = close
hilo := if simpleHiLo
    (close < loma[offset] ? hima : (close > hima[offset] ? loma : hilo[1]))
else
    (close < loma[offset] ? hihi : (close > hima[offset] ? lolo : hilo[1]))
hlColor = color.red
hlColor := (close < loma[offset] ? color.red : (close > hima[offset] ? color.green : hlColor[1]))
buyArith  = sign(close - hima[offset])
sellArith = sign(close - loma[offset])
buyCond = (close > hima[offset])
sellCond = (close < loma[offset])
buy = crossover(buyArith, 0.5)
sell = crossunder(sellArith, -0.5)
buyState = false
buyState :=  buy ? true : (sell ? false : buyState[1])
sellState = false
sellState :=  buy ? false : (sell ? true : sellState[1])
enterBuyState  = buyState[0]  and not buyState[1]
enterSellState = sellState[0] and not sellState[1]
 
plot(hilo, color=hlColor, linewidth=2, style=plot.style_cross, transp=0, title="HiLo")
plotshape(enterBuyState,  title = "Buy", text = 'Buy', style = shape.labelup, location = location.belowbar, color= color.green,textcolor = color.white, transp = 0, size = size.tiny)
plotshape(enterSellState, title = "Sell", text = 'Sell', style = shape.labeldown, location = location.abovebar, color= color.maroon,textcolor = color.white, transp = 0, size = size.tiny)
// See if this bar's time happened on/after start date
startDate = timestamp(syminfo.timezone, startYear, startMonth, startDay, 0, 0)
afterStartDate = if startAtOrigin
    true
else
    (time >= startDate)
atStartDate = if startAtOrigin
    false
else
    (time >= startDate and time < (startDate + time_close[1]-time_close[2]))
     
// See if bar's close time is before end date
endTS = if endNow
    timenow - 2*(time_close[1]-time_close[2]) // 86400
else
    timestamp(syminfo.timezone, endYear, endMonth, endDay, endHour, endMin, 0)
beforeEndDate = (time < endTS)
// Only submit enter long orders
strategy.risk.allow_entry_in(opBoth ? strategy.direction.all : (opLong ? strategy.direction.long : strategy.direction.short))
// Submit entry orders, but only on/after start date
if (atStartDate and beforeEndDate and buyCond)
    strategy.entry(id="EL", long=true)
if (atStartDate and beforeEndDate and sellCond)
    strategy.entry(id="ES", long=false)
if (afterStartDate and beforeEndDate and enterBuyState)
    strategy.entry(id="EL", long=true)
if (afterStartDate and beforeEndDate and enterSellState)
    strategy.entry(id="ES", long=false)
              
// if (barstate.islast or not beforeEndDate)
if (not beforeEndDate and strategy.position_size != 0)
    strategy.close_all(comment="End")
    
Expand (131 lines)

Overview

Backtest Custom HiLo Strategy establishes upper and lower bounds using simple or exponential moving averages along with optional period extremes. Signal entries occur when the closing price crosses above the high average or below the low average. The script allows backtesting long, short, or both trade directions within customizable date ranges. There are no built-in stop loss or take profit rules.

Customizable HiLo band calculations using SMA or EMA
Support for HiLo and HiLo Activator calculation modes
Directional trade settings for long, short, or dual execution
Customizable backtest date and time range filtering

Details

Published by

hasnocool on GitHub

Code credit

luyikaibr, as written in the script's header

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

Backtest Custom HiLo Strategy.pine

Repository

github.com/hasnocool/tradingview-pine-scripts. See its other scripts in the library

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Start Day	`int`	`2`	`startDay`
Start Month	`int`	`1`	`startMonth`
Start Year	`int`	`2020`	`startYear`
End Day	`int`	`31`	`endDay`
End Month	`int`	`10`	`endMonth`
End Year	`int`	`2020`	`endYear`
End Hour	`int`	`17`	`endHour`
End Minute	`int`	`0`	`endMin`
Start at Origin	`bool`	`false`	`startAtOrigin`
End Now	`bool`	`false`	`endNow`
Length	`int`	`34`	`len`
Offset	`int`	`0`	`offset`

Show all 15 settings

Setting	Type	Default	Variable
Type	`string`	`HiLo`	`hiloType`
MA Type	`string`	`SMA`	`maType`
Operation Type	`string`	`Long`	`opType`

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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