This overlay strategy combines a machine-learning distance model with a MACD oscillator to open trades on the price chart. It compares recent history using cosine similarity or Euclidean and Lorentzian distance, then filters direction with selectable moving-av
Strategy · Pine Script v4 · On the chart
Dual Moving Average
Dual Moving Average is a Pine Script v4 strategy that overlays the price chart.
Repaints
GitHub stars11on the repository
Pine versionv4older, still runs
Lines of code44
Settings5inputs
LicenceMIT
Last update2 years ago11 Dec 2023
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
44 lines of Pine Script v4 from strategy/defaultStrategy.pine, published under MIT. 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/
// © yesgoods
//@version=4
// Strategy {
strategy(title="Dual Moving Average", overlay=true,
pyramiding=0, initial_capital=100000,
commission_type=strategy.commission.cash_per_order,
commission_value=60, slippage=5,
format=format.price,
max_bars_back=375,
default_qty_type=strategy.fixed,
calc_on_every_tick=true)
strategy.risk.max_cons_loss_days(15)
// Variables {
// Using close is faster than using hlc3
src = input(title="Source", type=input.source, defval=hlc3)
start = input(title="Date", type=input.time, defval=timestamp("20 Feb 2001 00:00 +0300"))
end = input(title="Date", type=input.time, defval=timestamp("20 Feb 2022 00:00 +0300"))
sym = input(title="Symbol", type=input.symbol, defval="BANKNIFTY")
res = input(title="Resolution", type=input.resolution, defval="1D")
//}
// Design {
var table t = table.new(position.top_right, 2, 3)
table.cell(t, 0, 0, "RSI", rsi(src, 14), bgcolor = color.lime)
table.cell(t, 0, 1, "RSI", rsi(src, 14), bgcolor = color.lime)
table.cell(t, 0, 2, "RSI", rsi(src, 14), bgcolor = color.lime)
table.cell(t, 1, 0, "RSI", rsi(src, 14), bgcolor = color.lime)
table.cell(t, 1, 1, "RSI", rsi(src, 14), bgcolor = color.lime)
table.cell(t, 1, 2, "RSI", rsi(src, 14), bgcolor = color.lime)
//}
//}
Overview
The shown code declares a strategy with fixed quantity, cash commission, slippage, and calculation on every tick. Inputs set the price source, a start and end date, a symbol that defaults to BANKNIFTY, and a resolution that defaults to one day. A top-right table prints the 14-period RSI of the source in every cell. No moving-average calculation, entry, exit, or stop loss appears in the provided code. It can change on the live bar.
- Top-right table of 14-period RSI
- Start and end date inputs
- Symbol and resolution inputs
- Fixed quantity with cash commission
- Consecutive losing-day limit
Details
Published by
hirawatt on GitHub
Code credit
yesgoods, as written in the script's header
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Screeners & dashboards
Markets
Indices
Timeframes
H4 and above
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorspinescript-strategiestradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | hlc3 | src |
| Date | time | timestamp("20 Feb 2001 00:00 +0300") | start |
| Date | time | timestamp("20 Feb 2022 00:00 +0300") | end |
| Symbol | symbol | BANKNIFTY | sym |
| Resolution | timeframe | 1D | res |
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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