This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v5 · On the chart
BB & RSI & MACD
This trading strategy combines Bollinger Bands, Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to generate trading signals.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code174
Settings22inputs
LicenceNone stated
Last update2 years ago9 Dec 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
BB & RSI & MACD enters positions based on price interactions with Bollinger Bands alongside RSI overbought or oversold conditions and MACD momentum filters. Users can configure percentage-based take profit targets, optional stop loss rules, multiple entries, and backtest date ranges. It optionally overlays Bollinger Bands directly on the price chart. Note that stop loss limits are disabled by default and pyramiding entries are permitted in the code settings.
- Multi-indicator signals combining BB, RSI, and MACD
- Percentage-based take profit and optional stop loss targets
- Multiple entry support with configurable max positions
- Date range filtering for backtesting
Details
Published by
Sauyang520 on GitHub
Type
Draws
On the price chart
Markets
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
File
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Entry Price & SL & TP | bool | false | showLine |
| Apply Stop Loss | bool | false | applyStopLoss |
| Long Take Profit (%) | float | 10 | long_take_profit_percentage |
| Long Stop Loss (%) | float | 5 | long_stop_loss_percentage |
| Short Take Profit (%) | float | 10 | short_take_profit_percentage |
| ShortStop Loss (%) | float | 5 | short_stop_loss_percentage |
| Enable Multiple Entry | bool | false | enableMultipleEntry |
| Maximum Entry Times | int | 2 | maxEntryCount |
| Exit Method | string | Exit on TP & SL | exitMethod |
| Filter Date Range of Backtest | bool | true | useDateFilter |
| Start Date | time | timestamp("1 January 2023") | backtestStartDate |
| End Date | time | timestamp("31 December 2023") | backtestEndDate |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| Show BB | bool | false | showBB |
| BB Length | int | 20 | bb_length |
| BB Mult | float | 2.0 | bb_mult |
| RSI Period Length | int | 14 | rsi_length |
| Oversold | int | 40 | rsi_oversold |
| Overbought | int | 60 | rsi_overbought |
| Fast Length | int | 12 | macd_fast_length |
| Slow Length | int | 26 | macd_slow_length |
| Signal Smoothing | int | 9 | macd_signal_length |
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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