ema-strategy-algotrade

// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © akash5792bts

//@version=5
strategy("ema-strategy-algotrade", overlay=true)



// --------------------------------------------------------------------------
// Madrid Trend Spotter
// --------------------------------------------------------------------------
src = input(close, title="Source")
fastLen = input.int(5,  title="Fast Length", minval=1)
slowLen = input.int(10, title="Slow Length", minval=1)
ema = input.bool(true, title="Exponential Moving Average")

maColor(fma, sma) =>
    fma > sma and ta.change(fma - sma, 3) > 0 ? color.new(color.lime, 0) : fma < sma and ta.change(fma - sma, 3) < 0 ? color.new(color.red, 0) : color.new(color.yellow, 0)

fastMA = ema ? ta.ema(src, fastLen) : ta.sma(src, fastLen)
slowMA = ema ? ta.ema(src, slowLen) : ta.sma(src, slowLen)

fastMAP = plot(fastMA, color=maColor(fastMA, slowMA), linewidth=3, title="fastTrend")
slowMAP = plot(slowMA, color=maColor(fastMA, slowMA), linewidth=3, title="slowTrend")
fill(fastMAP, slowMAP, color=maColor(fastMA, slowMA), transp=70, title="Area")
upCrossover = ta.crossover(fastMA, slowMA)
plotshape(series=upCrossover,  color=#44ce1b, text = 'B', textcolor = #ffffff, style=shape.labelup, size=size.tiny, location=location.belowbar)
// if(upCrossover)
//     alert("Fast crossed above Slow MA 5", alert.freq_once_per_bar_close)
downCrossunder = ta.crossunder(fastMA, slowMA)
plotshape(series=downCrossunder,  color=#f30000, text = 'S', textcolor = #ffffff, style=shape.labeldown, size=size.tiny, location=location.abovebar)
// if(downCrossunder)
//     alert("Fast crossed below Slow MA 5", alert.freq_once_per_bar_close)

//-----------------------------------------------------------------------------}
// AlgoTrade
//-----------------------------------------------------------------------------{

// Define intraday time range (e.g., 09:30 AM to 03:30 PM)
intradayStartTime = timestamp(year, month, dayofmonth, 09, 30)
// Equity Market Time
// intradayEndTime = timestamp(year, month, dayofmonth, 15, 15)
// Commodities Market Time
intradayEndTime = timestamp(year, month, dayofmonth, 23, 30)
// Define exit time (e.g., 03:15 PM)
// exitTime = timestamp(year, month, dayofmonth, 14, 45)
// exitTime = timestamp(year, month, dayofmonth, 15, 12)
// Commodities Market Exit Time
exitTime = timestamp(year, month, dayofmonth, 23, 00)
// exitTime = timestamp(year, month, dayofmonth, 15, 12)
// Entry conditions within the intraday time range
inIntradayTimeRange = (time >= intradayStartTime) and (time <= intradayEndTime)
// Exit condition at 03:15 PM
exitCondition = time >= exitTime
// Quatity
positionSize = 25

// STEP 2:
// Determine trail stop loss prices
longStopPrice = 0.0
shortStopPrice = 0.0

longStopPrice := if strategy.position_size > 0
    stopValue = fastMA
    math.max(stopValue, longStopPrice[1])
else
    0

shortStopPrice := if strategy.position_size < 0
    stopValue = fastMA
    math.min(stopValue, shortStopPrice[1])
else
    999999


// IsLong() returns 'true' when the strategy has an open long
// position. Returns 'false' when the script is short or flat.
IsLong() =>
    strategy.position_size > 0

// IsShort() returns 'true' when the strategy has an open short
// position. Returns 'false' when the script is long or flat.
IsShort() =>
    strategy.position_size < 0

// Define strategy parameters
longSignal = upos > upos[1] and inIntradayTimeRange
shortSignal = dnos > dnos[1] and inIntradayTimeRange

// Buy Entry and exit
// if longSignal
//     strategy.close_all('Enter New Buy')
//     strategy.close('Enter New Buy', "Close Existing Trade", qty_percent = 100)
//     strategy.exit("Exit Buy", from_entry="Enter Buy", stop=fastMA)
//     strategy.entry("Enter Buy", strategy.long, positionSize)
    
// // Sell Entry and exit
// if shortSignal
//     strategy.close_all('Enter New Sell')
//     strategy.close('Enter New Sell', "Close Existing Trade", qty_percent = 100)
//     strategy.exit("Exit Sell", from_entry="Enter Sell", stop=fastMA)
//     strategy.entry("Enter Sell", strategy.short, positionSize)

if upCrossover and inIntradayTimeRange
    strategy.close_all('ALL Trades')
    strategy.entry("LE", strategy.long, positionSize, stop=fastMA)

if downCrossunder and inIntradayTimeRange
    strategy.close_all('ALL Trades')
    strategy.entry("SE", strategy.short, positionSize, stop=fastMA)


// Exit conditions (simple exit at crossover or crossunder and exit at 03:15 PM)
if exitCondition
    strategy.close_all('Closing All orders')

// Submit exit orders for trail stop loss price
if strategy.position_size > 0
    strategy.exit("XL TRL STP", stop=longStopPrice)

if strategy.position_size < 0
    strategy.exit("XS TRL STP", stop=shortStopPrice)

//-----------------------------------------------------------------------------}