2 EMA/SMA + RSI Strategy [Alorse] combines three configurable moving averages with a short-period Relative Strength Index filter. It plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the
Strategy · Pine Script v4 · On the chart
Buy and Hold entry finder Strategy
This strategy searches for long buy-and-hold entries on the price chart.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code62
Settings8inputs
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
62 lines of Pine Script v4 from Buy and Hold entry finder Strategy.pine, published under GPL-3.0. 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/
// © runescapeyttanic
//@version=4
strategy("Buy and Hold entry finder Strategy",pyramiding=10000, overlay=true,initial_capital=0,default_qty_type=strategy.cash,default_qty_value=1000,currency = currency.EUR,commission_type=strategy.commission.cash_per_order,commission_value=0)
//INPUTS##################################################################################################################
maxEmaDistance = input(title="Maximum EMA Distance", type=input.float, step=0.01, defval=50000)
emalength = input(title="EMA Length", type=input.integer,defval=200)
// Make input options that configure backtest date range
startDate = input(title="Start Date", type=input.integer,
defval=1, minval=1, maxval=31)
startMonth = input(title="Start Month", type=input.integer,
defval=1, minval=1, maxval=12)
startYear = input(title="Start Year", type=input.integer,
defval=2020, minval=1800, maxval=2100)
endDate = input(title="End Date", type=input.integer,
defval=12, minval=1, maxval=31)
endMonth = input(title="End Month", type=input.integer,
defval=02, minval=1, maxval=12)
endYear = input(title="End Year", type=input.integer,
defval=2021, minval=1800, maxval=2100)
endDate1=endDate-1
//starttag
//startmonat
//MACD########################################################################################################################
fast_length=12
slow_length=26
src=close
col_macd=#0094ff
fast_ma = ema(src, fast_length)
slow_ma = ema(src, slow_length)
macd = fast_ma - slow_ma
//EMA Distance CALC########################################################################################################
ma1 =ema(close,emalength)
distFromMean = close - ma1
inDateRange = (time >= timestamp(syminfo.timezone, startYear, startMonth, startDate, 0, 0)) and (time < timestamp(syminfo.timezone, endYear, endMonth, endDate1, 0, 0))
longCondition = (distFromMean<=maxEmaDistance and distFromMean>=distFromMean[1] and macd<=0 and inDateRange)
longnow=false
if(longCondition and strategy.position_size == 0)
strategy.entry("My Long Entry Id", strategy.long)
longnow:=true
if(longCondition and strategy.position_size > 0)
longnow:=true
if(longCondition and strategy.position_size > 0 and month>valuewhen(longnow, month ,1) or longCondition and strategy.position_size > 0 and year>valuewhen(longnow, year ,1) and inDateRange)
strategy.entry("My Long Entry Id", strategy.long)
plotchar(minute, "Minuten", "", location = location.top)
plotchar(hour, "Stunden", "", location = location.top)
plotchar(dayofmonth, "Tage", "", location = location.top)
plotchar(month, "Monat", "", location = location.top)
plotchar(year, "Jahr", "", location = location.top)
plotchar(strategy.position_size, "Positionen", "", location = location.top)
plotchar(longCondition, "Long Condition", "", location = location.top)
if(time > timestamp(syminfo.timezone, endYear, endMonth, endDate1, 0, 0))
strategy.close_all()
//#########################################################################################################################
plotArrow = if (distFromMean<=maxEmaDistance and distFromMean>=distFromMean[1] and macd<=0)
1
else
0
plotarrow(series=plotArrow)
Expand (87 lines)
Overview
Buy and Hold entry finder Strategy calculates a user-length EMA and a fixed 12/26 MACD, then opens a long position when price is within the maximum EMA distance, that distance is not shrinking, MACD is at or below zero, and the bar falls inside the chosen date range. It can add another long entry when a new month or year begins while the condition remains true. There is no stop loss or take profit; all positions close after the end date. Main settings change EMA length, the distance limit, and the backtest window.
- EMA distance filter
- Fixed 12 and 26 MACD filter
- Configurable backtest date range
- Added long entries on a new month or year
- Close all positions after the end date
Details
Published by
hasnocool on GitHub
Code credit
runescapeyttanic, as written in the script's header
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Moving averages, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- 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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Maximum EMA Distance | float | 50000 | maxEmaDistance |
| EMA Length | int | 200 | emalength |
| Start Date | int | 1 | startDate |
| Start Month | int | 1 | startMonth |
| Start Year | int | 2020 | startYear |
| End Date | int | 12 | endDate |
| End Month | int | 02 | endMonth |
| End Year | int | 2021 | endYear |
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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