BV's MACD SIGNAL TESTER: Free TradingView Strategy (Pine Script)

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

77 lines of Pine Script v4 from BV's MACD SIGNAL TESTER.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

BV's MACD SIGNAL TESTER.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © vuagnouxb
//@version=4
strategy("BV's MACD SIGNAL TESTER", overlay=true)
//------------------------------------------------------------------------
//----------            Confirmation Calculation              ------------ INPUT
//------------------------------------------------------------------------
// Getting inputs
fast_length = input(title="Fast Length", type=input.integer, defval=12)
slow_length = input(title="Slow Length", type=input.integer, defval=26)
src = input(title="Source", type=input.source, defval=close)
signal_length = input(title="Signal Smoothing", type=input.integer, minval = 1, maxval = 50, defval = 9)
sma_source = input(title="Simple MA(Oscillator)", type=input.bool, defval=false)
sma_signal = input(title="Simple MA(Signal Line)", type=input.bool, defval=false)
// Plot colors
col_grow_above = #26A69A
col_grow_below = #FFCDD2
col_fall_above = #B2DFDB
col_fall_below = #EF5350
col_macd = #0094ff
col_signal = #ff6a00
// Calculating
fast_ma = sma_source ? sma(src, fast_length) : ema(src, fast_length)
slow_ma = sma_source ? sma(src, slow_length) : ema(src, slow_length)
macd = fast_ma - slow_ma
signal = sma_signal ? sma(macd, signal_length) : ema(macd, signal_length)
hist = macd - signal
// plot(hist, title="Histogram", style=plot.style_columns, color=(hist>=0 ? (hist[1] < hist ? col_grow_above : col_fall_above) : (hist[1] < hist ? col_grow_below : col_fall_below) ), transp=0 )
// plot(macd, title="MACD", color=col_macd, transp=0)
// plot(signal, title="Signal", color=col_signal, transp=0)
// -- Trade entry signals
signalChoice = input(title = "Choose your signal", defval = "Continuation", options = ["Continuation", "Reversal", "Histogram", "MACD Line ZC", "Signal Line ZC"])
continuationSignalLong = signalChoice == "Continuation" ? crossover(macd, signal) and macd > 0 :
   signalChoice == "Reversal" ? crossover(macd, signal) and macd < 0 : 
   signalChoice == "Histogram" ? crossover(hist, 0) : 
   signalChoice == "MACD Line ZC" ? crossover(macd, 0) :
   signalChoice == "Signal Line ZC" ? crossover(signal, 0) :
   false
   
continuationSignalShort = signalChoice == "Continuation" ? crossunder(macd, signal) and macd < 0 :
   signalChoice == "Reversal" ? crossover(signal, macd) and macd > 0 : 
   signalChoice == "Histogram" ? crossunder(hist, 0) : 
   signalChoice == "MACD Line ZC" ? crossunder(macd, 0) :
   signalChoice == "Signal Line ZC" ? crossunder(signal, 0) :
   false
longCondition = continuationSignalLong
shortCondition = continuationSignalShort
//------------------------------------------------------------------------
//----------             ATR MONEY MANAGEMENT                 ------------
//------------------------------------------------------------------------
SLmultiplier = 1.5
TPmultiplier = 1
JPYPair = input(type = input.bool, title = "JPY Pair ?", defval = false)
pipAdjuster = JPYPair ? 1000 : 100000
ATR = atr(14) * pipAdjuster // 1000 for jpy pairs : 100000
SL = ATR * SLmultiplier
TP = ATR * TPmultiplier
//------------------------------------------------------------------------
//----------                  TIME FILTER                     ------------
//------------------------------------------------------------------------
YearOfTesting = input(title = "How many years of testing ?" , type = input.integer, defval = 3)
_time = 2020 - YearOfTesting
timeFilter = (year > _time) 
//------------------------------------------------------------------------
//---------                 ENTRY FUNCTIONS                    ----------- INPUT
//------------------------------------------------------------------------
if (longCondition and timeFilter)  
    strategy.entry("Long", strategy.long)
if (shortCondition and timeFilter) 
    strategy.entry("Short", strategy.short)
    
//------------------------------------------------------------------------
//---------                 EXIT  FUNCTIONS                    -----------
//------------------------------------------------------------------------
strategy.exit("ATR", from_entry = "Long", profit = TP, loss = SL)  
strategy.exit("ATR", from_entry = "Short", profit = TP, loss = SL)  
Expand (102 lines)

Overview

BV's MACD SIGNAL TESTER calculates standard or SMA-based MACD line, signal line, and histogram values, offering selectable trigger models including continuation crosses, reversal crosses, histogram zero crosses, and line zero crosses. Positions are entered in the direction of the signal and exited using ATR-based stop loss (1.5x ATR) and take profit (1.0x ATR) targets with adjustable pip scaling for standard or JPY currency pairs. It also includes a year-based lookback filter.

Five selectable MACD entry signal modes
Configurable EMA or SMA smoothing for MACD and signal lines
ATR-based stop loss and take profit exits
Currency pair pip scaling toggle for JPY pairs
Lookback year filter for backtesting

Details

Published by

hasnocool on GitHub

Code credit

vuagnouxb, as written in the script's header

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Forex

Timeframes

Any timeframe

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

BV's MACD SIGNAL TESTER.pine

Repository

github.com/hasnocool/tradingview-pine-scripts. See its other scripts in the library

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

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

Setting	Type	Default	Variable
Fast Length	`int`	`12`	`fast_length`
Slow Length	`int`	`26`	`slow_length`
Source	`source`	`close`	`src`
Signal Smoothing	`int`	`9`	`signal_length`
Simple MA(Oscillator)	`bool`	`false`	`sma_source`
Simple MA(Signal Line)	`bool`	`false`	`sma_signal`
Choose your signal	`string`	`Continuation`	`signalChoice`
JPY Pair ?	`bool`	`false`	`JPYPair`
How many years of testing ?	`int`	`3`	`YearOfTesting`

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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