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 indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
88 lines of Pine Script v4 from leobot/study.pine, published under CC0-1.0. Keep the author's credit and licence lines when you reuse it.
study.pine
// Greeffer's Long Strategy
// @version=4
// @Greeffer
// S T U D Y
study(shorttitle="Long Study", title="Greeffer's Long Study", overlay=true)
// S T R A T E G Y
//strategy(
// "Greeffer's Long Strategy",
// "Long Strategy",
// overlay=true,
// pyramiding=10,
// default_qty_type=strategy.percent_of_equity,
// default_qty_value=200,
// initial_capital=5000,
// commission_type=strategy.commission.percent,
// commission_value=0.01,
// margin_long=1./20*50,
// margin_short=1./20*50
// )
// I N P U T S
longOrShort = input(title="Long", type=input.bool, defval=true, tooltip="Uncheck to Short")
amount = input(title="amount", type=input.float, defval=0.001, step=0.01)
volumeMA = input(title="volume ma period", type=input.integer, defval=200)
volMultiplyer = input(title="volume multiplyer", type=input.integer, defval=3)
donchianupper = input(title="upper donchian channel period", type=input.integer, defval=1440)
donchianlower = input(title="lower donchian channel period", type=input.integer, defval=1440)
stops = input(title="stops", type=input.float, defval=500.00, step=0.01)
// V A R S
symbol = "BTCUSDT" //symbol = "ETHUSDT"
short = false
long = false
stopshort = close + stops
stoplong = close - stops
//----------------------?
//symbol = syminfo.ticker
// D O N C H I A N C H A N N E L S
lower = lowest(donchianlower)
upper = highest(donchianupper)
middle= (upper-lower)/2+lower
plot(middle, title='Middle', color=color.green, linewidth=1)
plot(upper, title='Upper', color=color.orange, linewidth=1)
plot(lower, title='Lower', color=color.orange, linewidth=1)
// S M A
//plot(sma(close,sma))
// V O L U M E
volMA = sma(volume, 200)
//upperVol = highest(volume, 200)
upperVol = volMA*volMultiplyer
// E N T R Y / E X I T C o n d i t i o n s
// S h o r t
if high>=upper and volume>upperVol
short:=true
else
short:=false
// L o n g :
if low<=lower and volume>upperVol
long:=true
else
long:=false
// O R D E R S :
// L o n g
if long==true and longOrShort==true
alert(message='{"side":"limitBuy","limit":"'+tostring(lower)+'","stopPrice":"'+tostring(stoplong)+'","symbol":"'+symbol+'","close":"'+tostring(close)+'","amount":"'+tostring(amount)+'"}', freq=alert.freq_once_per_bar_close)
//strategy.order("long", long=true, limit=lower, oca_name="order", stop=stoplong, comment="long", when=long)
if short==true and longOrShort==true
alert(message='{"side":"closeLong","stopPrice":"'+tostring(upper[3])+'","symbol":"'+symbol+'","close":"'+tostring(close)+'","amount":"'+tostring(amount)+'"}', freq=alert.freq_once_per_bar_close)
//strategy.close("long", comment="close-long", qty_percent=100, when=short)
// S h o r t
if short==true and longOrShort==false
alert(message='{"side":"limitSell","limit":"'+tostring(upper)+'","stopPrice":"'+tostring(stopshort)+'","symbol":"'+symbol+'","close":"'+tostring(close)+'","amount":"'+tostring(amount)+'"}', freq=alert.freq_once_per_bar_close)
// strategy.order("short", long=false, limit=upper, oca_name="order", stop=stopshort, comment="short", when=short)
if long==true and longOrShort==false
alert(message='{"side":"closeShort","stopPrice":"'+tostring(lower[3])+'","symbol":"'+symbol+'","close":"'+tostring(close)+'","amount":"'+tostring(amount)+'"}', freq=alert.freq_once_per_bar_close)
//strategy.close("short", comment="close-short", qty_percent=100, when=long)
Overview
When price touches the lower or upper channel boundaries combined with volume exceeding a custom moving average multiplier, the indicator triggers entry or exit conditions. It plots the upper, lower, and middle Donchian Channel lines on the price chart. Designed for automated trading integrations, it generates JSON-formatted alert payloads on bar close for external order execution on platforms like Binance.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Long
bool
true
longOrShort
amount
float
0.001
amount
volume ma period
int
200
volumeMA
volume multiplyer
int
3
volMultiplyer
upper donchian channel period
int
1440
donchianupper
lower donchian channel period
int
1440
donchianlower
stops
float
500.00
stops
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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