Diego's Strategy: Free TradingView Strategy (Pine Script)

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

Diego's Strategy can plot Fibonacci retracement levels and use a chosen zone for entries, with separate Fibonacci levels assigned as stop loss and take profit. An optional EMA and a custom trading session can filter when trades are allowed. Depth, deviation, label placement, and whether levels or the EMA appear are adjustable. The supplied code ends before the order logic is fully shown.

ATR deviation pivot lines
Fibonacci entry and exit levels
Optional EMA trend filter
Custom session trade filter
Pivot level labels

Details

Published by

jerryinyang on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Any symbol

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

All Works/Diego's Strategy - v2.txt

Repository

github.com/jerryinyang/Cerebr-Pinescript-Codebase. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
Deviation	`float`	`3`	`threshold_multiplier`
Depth	`int`	`10`	`depth`
Extend Right	`bool`	`true`	`extendRight`
Show Levels	`bool`	`true`	`levels`
levelsFormat	`string`	`Percent`	`levelsFormat`
Labels Position	`string`	`Left`	`labelsPosition`
Show Fibonacci Levels?	`bool`	`true`	`showFib`
Show Second Fibonacci Levels?	`bool`	`false`	`showFib2`
Fibonacci Level Color	`color`	`color.purple`	`fibColor`
Fibonacci 2 Level Color	`color`	`color.olive`	`fib2Color`
Use EMA Filter?	`bool`	`true`	`useEmaFilt`
EMA Length	`int`	`200`	`emaLen`

Show all 22 settings

Setting	Type	Default	Variable
EMA Timeframe	`timeframe`		`emaRes`
Display EMA?	`bool`	`false`	`showEma`
Filter Trade by Session?	`bool`	`true`	`useSess`
What Trading Session?	`string`	`Custom`	`whatSess`
Custom Session	`session`	`0500-1600`	`sessCust`
Fibonacci Levels for Entry Zone	`string`	`38% - 50%`	`fibZone`
Trade In Fibonacci Overall Direction?	`bool`	`true`	`tradeFibDir`
Fibonacci for Entry	`string`	`Fib 1`	`entryFib`
Stop Loss Fibonacci Level	`string`	`100%`	`tpLevel`
Take Profit Fibonacci Level	`string`	`23.6%`	`slLevel`

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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