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 v4 · On the chart
Bollinger Band + RSI + ADX + MACD
This strategy enters long positions during a specified trading session when multiple technical indicators align.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code46
Settings13inputs
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
46 lines of Pine Script v4 from Bollinger Band + RSI + ADX + MACD + Heikinashi.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("Bollinger Band + RSI + ADX + MACD", overlay=true)
//Session
session = input(title="Trading Session", type=input.session, defval="0930-1500")
sessionColor = BarInSession(session) ? color.green : na
bgcolor(color=sessionColor, transp=95)
// Bollinger Bands
src = input(high, title="Bollinger Band Source", type=input.source)
length = input(3, minval=1, type=input.integer, title="Bollinger Band Length")
mult = input(4.989, minval=0.001, maxval=50, step=0.001, type=input.float, title="Bollinger Band Std Dev")
basis = sma(src, length)
dev = mult * stdev(src, length)
upper = basis + dev
lower = basis - dev
plot(upper, title="Bollinger Band Upper", color=color.red)
plot(lower, title="Bollinger Band Lower", color=color.green)
// RSI
rsiSrc = input(close, title="RSI Source", type=input.source)
rsiLength = input(16, minval=1, type=input.integer, title="RSI Length")
rsiComparator = input(39.2, title="RSI Comparator", type=input.float, step=0.1)
rsi = rsi(rsiSrc, rsiLength)
// ADX
adxLength = input(14, minval=1, type=input.integer, title="ADX Length")
adxComparator = input(14, minval=1, type=input.integer, title="ADX Comparator")
adx = Adx(adxLength)
// Heikinashi
haClose = security(heikinashi(syminfo.ticker), timeframe.period, close)
haOpen = security(heikinashi(syminfo.ticker), timeframe.period, open)
nextHaOpen = (haOpen + haClose) / 2
//MACD
macdCalcTypeProcessed = input(title="MACD Source", type=input.source, defval=high)
fast = input(12, title="MACD Fast")
slow = input(20, title="MACD Slow")
signalLen = input(15, title="MACD Signal")
fastMA = ema(macdCalcTypeProcessed, fast)
slowMA = ema(macdCalcTypeProcessed, slow)
macd = fastMA - slowMA
signal = sma(macd, signalLen)
longCondition() =>
(low < lower) and (rsi[0] > rsiComparator) and (adx > adxComparator) and (close > nextHaOpen) and BarInSession(session) and macd > signal
stop = (close - max((low - (low * 0.0022)), (close - (close * 0.0032)))) / syminfo.mintick
target = (max(upper, (close + (close * 0.0075))) - close) / syminfo.mintick
strategy.entry("SX,LE", strategy.long, when=longCondition(), comment="SX,LE")
strategy.close_all(when=(not BarInSession(session)))
strategy.exit("LX", from_entry="SX,LE", profit=target, loss=stop)
Expand (125 lines)
Overview
Bollinger Band + RSI + ADX + MACD executes a buy order when the low drops below the lower Bollinger Band while RSI and ADX exceed configurable threshold values, price closes above the projected Heikin Ashi open, and MACD remains above its signal line. The trade exits via bracket orders with a dynamic stop loss and profit target tied to standard percentage offsets and the upper band, or closes automatically when the trading session ends.
- Multi-indicator entry confirmation
- Heikin Ashi candle trend filter
- Configurable trading session window
- Dynamic tick-based stop loss and profit target
- Bollinger Band overlay on price chart
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volatility & bands, Oscillators & momentum, Trend, Sessions & time
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trading Session | session | 0930-1500 | session |
| Bollinger Band Source | source | high | src |
| Bollinger Band Length | int | 3 | length |
| Bollinger Band Std Dev | float | 4.989 | mult |
| RSI Source | source | close | rsiSrc |
| RSI Length | int | 16 | rsiLength |
| RSI Comparator | float | 39.2 | rsiComparator |
| ADX Length | int | 14 | adxLength |
| ADX Comparator | int | 14 | adxComparator |
| MACD Source | source | high | macdCalcTypeProcessed |
| MACD Fast | int | 12 | fast |
| MACD Slow | int | 20 | slow |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| MACD Signal | int | 15 | signalLen |
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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