Double MACD: 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

Backtesting is switched on by a setting, with a long or short direction and a mode choice between trend following and divergence. The divergence mode compares price pivots with pivots of the energy histogram using adjustable pivot length and maximum gap. It recalculates on every tick, so signals can change on the live bar, and no stop loss is visible.

Trending and energy MACD histograms
Trend-following or divergence mode
Pivot-based divergence detection
Long or short direction switch
Date range for backtesting

Details

Published by

AlanGuo on GitHub

Type

Strategy, Pine Script v6

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)
The strategy enters trades without a stop loss

File

double_macd.pine

Repository

github.com/AlanGuo/pinescript. 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
[Trending]Fast moving average	`int`	`89`	`tr_fastMA`
[Trending]Slow moving average	`int`	`144`	`tr_slowMA`
[Energy]Fast moving average	`int`	`13`	`en_fastMA`
[Energy]Slow moving average	`int`	`21`	`en_slowMA`
开启回测	`bool`	`false`	`backtest`
Date	`time`	`timestamp("1 Feb 2018 00:00 +0800")`	`start_date`
Date	`time`	`timestamp("31 Dec 2099 00:00 +0800")`	`end_date`
方向	`string`	`多`	`direction`
策略模式	`string`	`顺势`	`strategy_mode`
枢轴长度	`int`	`5`	`div_pivot_len`
价格与能量枢轴最大间隔(根K)	`int`	`5`	`div_max_pivot_gap`
价格枢轴使用	`string`	`高低价`	`price_pivot_source`

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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