This strategy captures strong bullish momentum by combining a 200-period SMA baseline, a custom Bollinger Band, the True Strength Index (TSI) smoothed with WMAs, and the ADX trend strength indicator. It initiates long positions when price is above the 200 SMA,
Strategy · Pine Script v4 · Own pane
BIAS
This multi-indicator strategy combines the Relative Strength Index (RSI), Choppiness Index, Stochastic Oscillator, and an Arnaud Legoux Moving Average (ALMA).
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code55
Settings8inputs
LicenceMIT
Last update5 years ago17 Mar 2021
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
55 lines of Pine Script v4 from scripts/bias.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © kat3samsin
//Criteria: STOCH > RSI(14) and RSI(14) crossed above CHOP(28)
//Buy 1: if STOCH is up, RSI(14) crossover CHOP(28)
//Buy 2: if STOCH is down wait for STOCH crossover(k, d)
//Sell: close < ALMA15
//@version=4
strategy("BIAS", overlay=false, process_orders_on_close=true)
//ALMA
source = close
windowsize = input(title="ALMA", type=input.integer, defval=15)
ALMAoffset = input(title="ALMA Offset", type=input.float, defval=0.85)
sigma = input(title="Sigma", type=input.float, defval=6)
ALMA = alma(source, windowsize, ALMAoffset, sigma)
// chop28
length = input(28, minval=1)
ci = 100 * log10(sum(atr(1), length) / (highest(length) - lowest(length))) / log10(length)
//offset = input(0, "Offset", type = input.integer, minval = -500, maxval = 500)
//stochastics
periodK = input(14, title="Stoch K", minval=1)
periodD = input(3, title="Stoch D", minval=1)
smoothK = input(3, title="Stoch Smooth", minval=1)
k = sma(stoch(close, high, low, periodK), smoothK)
d = sma(k, periodD)
//RSI
_rsi = rsi(close, 14)
_stochIsMoreThanRSI = k > _rsi
_barsSinceRSICrossoverCI = barssince(crossover(_rsi, ci))
_barsSinceStochMorethanRSI = barssince(_stochIsMoreThanRSI)
_period = input(5, title="RSI/CI Lookback period", minval=3)
//conditions
BIAScondition1 = _stochIsMoreThanRSI and crossover(_rsi, ci)
BIAScondition2 = _stochIsMoreThanRSI and crossover(k, d) and (_barsSinceRSICrossoverCI < _period and _barsSinceRSICrossoverCI <= _barsSinceStochMorethanRSI)
BIASExit = close < ALMA
//entry/exit
strategy.entry(id="BIAS1", long = true, qty = strategy.equity/close, when = BIAScondition1)
strategy.close(id="BIAS1", when = BIASExit)
strategy.entry(id="BIAS2", long = true, qty = strategy.equity/close, when = BIAScondition2)
strategy.close(id="BIAS2", when = BIASExit)
plotchar(BIAScondition1, "BIAS1", "1️⃣", location.top)
plotchar(BIAScondition2, "BIAS2", "2️⃣", location.top)
plot(_rsi, color=color.green, linewidth=2)
plot(ci, color=color.red, linewidth=2)
plot(k, color=color.blue)
plot(d, color=color.orange)
Overview
BIAS plots RSI, Stochastic, and Choppiness lines in a separate pane. Long entries trigger when RSI crosses above the Choppiness Index while Stochastic K is higher than RSI, or when Stochastic lines cross following a recent RSI cross. Trades exit when the close falls below the ALMA. Main settings adjust moving average offsets, stochastic lookbacks, and signal windows. The strategy lacks pre-defined stop-loss or take-profit orders.
- Multi-indicator logic with RSI, Choppiness Index, and Stochastic
- ALMA-based trend filter and exit condition
- Separate pane oscillator plotting with signal visual markers
- Customizable stochastic and lookback window parameters
Details
Published by
kat3samsin on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ALMA | int | 15 | windowsize |
| ALMA Offset | float | 0.85 | ALMAoffset |
| Sigma | float | 6 | sigma |
| length | int | 28 | length |
| Stoch K | int | 14 | periodK |
| Stoch D | int | 3 | periodD |
| Stoch Smooth | int | 3 | smoothK |
| RSI/CI Lookback period | int | 5 | _period |
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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