Strategy · Pine Script v4 · On the chart

GetTrend Strategy

by capissimo

GetTrend Strategy plots a higher-timeframe open and close on the price chart and treats their crossover as a directional signal.

View on GitHub

Repaints

GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code44
Settings10inputs
LicenceNone stated
Last update1 year ago7 Nov 2024

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

A long entry fires when the higher-timeframe close crosses above the open, and a short entry fires on the opposite cross. Optional trailing-stop exits use trail points and offset, and orders start only after a chosen backtest date. The timeframe input selects the higher timeframe from a Fibonacci list, and the repaint input switches between the current bar and the previous bar. With repaint enabled, security calls use lookahead, so live signals can change.

Details

Published by

capissimo on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Trend

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)
  • Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

Settings

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

SettingTypeDefaultVariable
TFint8tf
Repaint?booltruerepnt
***Use Strategy SetupbooltrueuseStrat
Use Trailing Stop?booltrueuseStop
Stop Loss Trail Pointsint1slPoints
Stop Loss Trail Offsetint1slOffset
Modify the starting time below if not working...booltruedummy
Starting backtest yearint2019yr
Starting backtest monthint8mn
Starting backtest dayint20dy
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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