This strategy combines the ATR-banded Q-Trend indicator with the Klinger Volume Oscillator (KVO) to execute confluence trades. It enters long when a Q-Trend buy trigger aligns with a positive KVO value and a bullish candle confirmation, taking short trades und
Strategy · Pine Script v4 · Own pane
Dutch Bros Strategy
This strategy looks for long entries when the MACD line exceeds its signal line by a set amount and volume rises by a chosen percentage.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code132
Settings25inputs
LicenceNone stated
Last update4 years ago25 Aug 2022
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
Dutch Bros Strategy places one buy limit either a set number of pips or a percentage below the previous close. Exits start with a percentage stop that can be cancelled after a profit threshold and replaced by a trailing percentage stop. Users adjust MACD lengths, source, resolution, and the backtest window. The MACD and labels draw in a separate pane. Position size is a percentage of equity, and pyramiding is disabled.
- MACD versus signal threshold
- Volume spike percentage filter
- Pip or percent buy limit
- Percentage stop and trailing stop
- Configurable backtest time window
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ============ Plotting Options ============ | bool | false | sep |
| Plot Label? | bool | true | plotlabel |
| Label distance from Macd (if overlay=false otherwise distance from Price) | int | 5 | dist |
| Plot Stop? (Only if overlay=true) | bool | true | plotStop |
| Plot Macd? | bool | true | plotmacd |
| ============ Strategy Time for Backtesting ============ | bool | false | sep1 |
| Start Time | time | timestamp("16 Sep 2021 09:30 -0400") | i_time |
| Finish Time | time | timestamp("04 Oct 2021 16:00 -0400") | f_time |
| ============ Macd Inputs ============ | bool | false | sep2 |
| Macd Resolution | timeframe | 15 | _res |
| Macd Source | source | close | src |
| Fast Length | int | 12 | fast_len |
Show all 25 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Slow Length | int | 26 | slow_len |
| Sign Length | int | 9 | sign_len |
| Value of Macd above Signal Line | float | 0.2 | macdValue |
| ============ Strategy Entry Settings ============ | bool | false | sep3 |
| Volume spikes in % | float | 34.0 | volValue |
| Set Limit Order in Pips (Enable only one) | bool | true | enablePip |
| Set Limit Order in Per (Enable only one) | bool | false | enablePer |
| Buy Limit Order (Pips From Previous Close) | int | 100 | limitPip |
| Buy Limit Order (% From Previous Close) | float | 2.0 | limitPer |
| ============ Strategy Exit Settings ============ | bool | false | sep4 |
| Initial Stop Loss Percentage | float | 9.0 | stopPer |
| Profit Percentage to Cancel Stop Loss | float | 3.5 | cancelPer |
| Trail Stop Order Percentage (Activates if cancel previous exit order) | float | 2.0 | trailPer |
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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