This strategy identifies breakout momentum by combining Bollinger Bands and Keltner Channels with volume confirmation. It opens long positions when the upper Keltner Channel crosses above the upper Bollinger Band and volume exceeds its moving average. Converse
Strategy · Pine Script v4 · On the chart
Btcperp H1
This Pine v4 strategy trades Bitcoin perpetual futures on an hourly chart using candle spikes and volume.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code118
Settings21inputs
LicenceNone stated
Last update4 years ago22 Aug 2022
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
Btcperp H1 goes short on a green candle with a large upper spike and goes long on a red candle with a large lower spike, when volume exceeds a threshold, the prior bar volume and ATR are below limits. Position size comes from margin times leverage, with a trailing stop, a fixed tick stop loss, a daily trade cap, a daily loss limit and a date window.
- Volume and candle spike entries
- Margin and leverage position sizing
- Trailing stop plus fixed stop loss
- Daily trade and loss limits
Details
Published by
WMW333 on GitHub
Code credit
Arcotrade, as written in the script's header
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volume, Breakout
Markets
Crypto
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Dal Mese | int | 6 | daMese |
| Dal Giorno | int | 1 | daGiorno |
| Da Anno | int | 2020 | daAnno |
| Al Mese | int | 2 | aMese |
| Al Giorno | int | 28 | aGiorno |
| A anno | int | 2021 | aAnno |
| Margine $ | int | 100 | margine |
| Leva x | int | 100 | leva |
| Soglia Volumi | int | 10000 | Soglia_Volumi |
| Soglia Vol. barra precedente | int | 2000000 | Soglia_Volumi_Precedente |
| Soglia SpikeUp Green x Short | float | 0.9 | Soglia_spikeUpGreen |
| Soglia SpikeDown Red x Long | float | -0.7 | Soglia_spikeDownRed |
Show all 21 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Soglia ATR | int | 5000000 | Soglia_ATR |
| Soglia SpikeDown Reverse x short | int | -1 | Soglia_SpikeDown_Reverse_per_short |
| Soglia SpikeUp Reverse x long | int | 1 | Soglia_SpikeUp_Reverse_per_long |
| Trailing points(livello attivazione | int | 1300 | trailpoints |
| Trailing offset (x tick sopra o sotto trail point | int | 100 | trailoffset |
| SL Long in ticks | int | 1400 | lossLong |
| SL Short in ticks | int | 1400 | lossShort |
| Max trades giornalieri | int | 20 | Max_trade_giornalieri |
| Max perdita giornaliera $ | int | 500 | Max_loss_giornaliera |
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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