Strategy · Pine Script v4 · On the chart

Best Crypto DEMA

by hasnocool

Best Crypto DEMA is a long-only trend-following strategy that generates trading signals based on Double Exponential Moving Average crossovers.

View on GitHub

GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code22
Settings4inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

22 lines of Pine Script v4 from Best Crypto DEMA Strategy Long only.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

Best Crypto DEMA Strategy Long only.pine
//@version=4
//author SoftKill21
strategy(title = "Best Crypto DEMA", shorttitle = "Crypto DEMA Trend ",initial_capital=1000, commission_value=0.2, commission_type =strategy.commission.percent, default_qty_value=100 , overlay = true, pyramiding=1, default_qty_type=strategy.percent_of_equity)
UseHAcandles    = input(true, title="Use Heikin Ashi Candles in Algo Calculations")
//
// === /INPUTS ===
// === BASE FUNCTIONS ===
haClose = UseHAcandles ? security(heikinashi(syminfo.tickerid), timeframe.period, close) : close
haOpen  = UseHAcandles ? security(heikinashi(syminfo.tickerid), timeframe.period, open) : open
haHigh  = UseHAcandles ? security(heikinashi(syminfo.tickerid), timeframe.period, high) : high
haLow   = UseHAcandles ? security(heikinashi(syminfo.tickerid), timeframe.period, low) : low
fastPeriod    = input(defval =10, title = "DEMA FAST ", minval = 2)
slowPeriod = input(defval = 100, title = "DEMA SLOW ", minval = 1)
res = input("180",title="Resolution", type=input.resolution )
demaFast =  security(syminfo.tickerid, res, 2 * ema(haClose, fastPeriod) - ema(ema(haClose, fastPeriod), fastPeriod)  )
demaSlow  = security(syminfo.tickerid,res, 2 * ema(haClose, slowPeriod) - ema(ema(haClose, slowPeriod), slowPeriod)  )
buy = crossover(demaSlow, demaFast)
sell = crossunder(demaSlow, demaFast)
strategy.entry("BUY", strategy.long, when =  sell)
strategy.close("BUY",when=buy)
//strategy.entry("SELL", strategy.short, when = buy ) 
Expand (33 lines)

Overview

Best Crypto DEMA calculates fast and slow DEMAs across a user-defined timeframe resolution, with an option to derive prices from Heikin Ashi candles. A long trade opens when the fast DEMA crosses above the slow DEMA and closes when it crosses back below. Users can configure the moving average periods, resolution, and candle source. Displayed on the price chart, the strategy does not include hard stop-loss or take-profit rules.

Details

Published by

hasnocool on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Moving averages, Trend

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

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

SettingTypeDefaultVariable
Use Heikin Ashi Candles in Algo CalculationsbooltrueUseHAcandles
DEMA FAST int10fastPeriod
DEMA SLOW int100slowPeriod
Resolutiontimeframe180res
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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