Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s
Strategy · Pine Script v4 · On the chart
Dual Moving Average
The Dual Moving Average strategy calculates fast and slow exponential moving averages based on HLC3 prices.
Repaints
GitHub stars11on the repository
Pine versionv4older, still runs
Lines of code51
Settings4inputs
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
51 lines of Pine Script v4 from strategy/dualMA.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=4
// 1. Define strategy settings
strategy(title="Dual Moving Average", overlay=true,
pyramiding=1, 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)
fastMALen = input(title="Fast MA Length", type=input.integer, defval=1)
slowMALen = input(title="Slow MA Length", type=input.integer, defval=23)
usePosSize = input(title="Use Position Sizing?", type=input.bool, defval=true)
riskPerc = input(title="Risk %", type=input.float, defval=1, step=0.25)
// 2. Calculate strategy values
fastMA = ema(hlc3, fastMALen)
slowMA = ema(hlc3, slowMALen)
riskEquity = (riskPerc / 100) * strategy.equity
atrCurrency = (atr(20) * syminfo.pointvalue)
posSize = usePosSize ? floor(riskEquity / atrCurrency) : 1
// 3. Output strategy data
plot(series=fastMA, color=color.teal, linewidth=2, title="Fast MA")
plot(series=slowMA, color=color.orange, linewidth=2, title="Slow MA")
bgc = crossunder(fastMA, slowMA) ? color.red : na
bgColour = crossover(fastMA, slowMA) ? color.green : bgc
bgcolor(color=bgColour)
// 4. Determine long trading conditions
enterLong = crossover(fastMA, slowMA) and barstate.ishistory
// 5. Code short trading conditions
enterShort = crossunder(fastMA, slowMA) and barstate.ishistory
// 6. Submit entry orders
if (enterLong)
strategy.entry(id="EL", long=true, qty=posSize)
if (enterShort)
strategy.entry(id="ES", long=false, qty=posSize)
// 7. Submit exit orders
strategy.close_all(when=barstate.islast)
Overview
Dual Moving Average generates long signals when the fast EMA crosses above the slow EMA and short signals when it crosses below. Position sizing can be calculated dynamically using ATR volatility and equity risk percentage. The script plots both moving averages directly on the price chart and highlights crossovers with background colors. It contains no stop loss or take profit logic, closing all positions only on the final bar.
- Fast and slow exponential moving averages on HLC3
- ATR-based dynamic equity position sizing
- Background color visual cues on crossovers
- Automated long and short entry condition logic
Details
Published by
hirawatt on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Moving averages, Trend
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
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 |
|---|---|---|---|
| Fast MA Length | int | 1 | fastMALen |
| Slow MA Length | int | 23 | slowMALen |
| Use Position Sizing? | bool | true | usePosSize |
| Risk % | float | 1 | riskPerc |
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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