Strategy · Pine Script v6 · On the chart

ETHBTC MTPI V2.0

by Mikelkulla

This strategy detects whether Ethereum outperforms Bitcoin relative to the overall market using MTPI signals.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code440
Settings31inputs
LicenceNone stated
Last update1 year ago27 Apr 2025

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

ETHBTC MTPI V2.0 combines outputs from DEMA Adaptive Fractal Range, DEMA Supertrend, Schaff Trend Cycle, RMI Trend Sniper, and FDI-Adaptive Supertrend indicators. Long entries trigger when the overall MTPI is positive and buy conditions align, with short entries available in long and short mode. The strategy overlays signals directly on the price chart. It applies 99% equity position sizing per trade and includes no default stop loss. Users toggle individual indicators and adjust parameters like lengths and factors to modify signal sensitivity. Signals generate only on confirmed bars.

Details

Published by

Mikelkulla on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Trend, Oscillators & momentum, Volatility & bands

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Start Datetimetimestamp("2020-01-01")startDate
Trade ModestringLong and ShorttradeMode
Enable DEMA Supertrendbooltruedema_enabled
Enable Dema AFRbooltrueafr_enabled
Enable Schaff Trend Cyclebooltruestc_enabled
Enable RMI Trend Sniperbooltruermi_enabled
Enable FDI-Adaptive Supertrendbooltruefdi_enabled
Dema Lenint8afr_dema_len
Dema Sourcesourcecloseafr_src
Periodint14afr_p
Factorfloat1.7afr_atr_factor
Supertrend Lenint4dema_subject
Show all 31 settings
SettingTypeDefaultVariable
Supertrend Multiplefloat4.05dema_mul
DEMA Lengthint9dema_demalen
DEMA Sourcesourceclosedema_src
Lengthint24stc_length
Fast Lengthint52stc_fastLength
Slow Lengthint100stc_slowLength
Signal on Quarters?booltruestc_crossover
AAAfloat0.32AAA
RMI Lengthint16rmi_length
Positive aboveint66rmi_pmom
Negative belowint39rmi_nmom
Show Range MAbooltruermi_filleshow
Bull Colorcolor#00bcd4rmi_bull
Bear Colorcolor#ff5252rmi_bear
Sourcesourceohlc4fdi_src
Fractal Period Ingestint15fdi_per
Speedint33fdi_speed
Multiplierfloat3.8fdi_mult
Make it adaptive?booltruefdi_adapt
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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