This strategy plots directly on the price chart, drawing a multi-line stepped channel calculated from a simple moving average of OHLC4 expanded by Average True Range multipliers. It identifies potential mean-reversion setups, executing buy, sell, trim, and exi
Strategy · Pine Script v5 · On the chart
Greeffer's Scalping Strategy
Greeffer's Scalping Strategy combines multi-timeframe Exponential Moving Averages, Bollinger Bands, and Donchian Channels to execute dip-buying trades directly on the price chart.
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code134
Settings5inputs
LicenceNone stated
Last update4 years ago11 Nov 2021
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
Greeffer's Scalping Strategy triggers long entries when price dips below both the lower Donchian Channel and lower Bollinger Band while higher-timeframe EMAs are aligned downwards. Strategy exits trigger when price breaks above the upper channel and upper band during upward EMA alignment. Inputs allow configuring Donchian channel lengths, order amounts, and higher timeframe minutes. Note that default execution lacks an automated hard stop loss.
- Multi-timeframe EMA trend filter
- Bollinger Bands and Donchian Channels overlay
- Dip-buying long entry logic
- Configurable higher timeframe period
Details
Published by
modster on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Moving averages, Volatility & bands, Mean reversion, Scalping
Markets
Crypto
Timeframes
M1-M5, M15-H1
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Entry amount | float | 0.02 | entryAmount |
| Exit amount | float | 0.001 | exitAmount |
| Upper donchian channel period | int | 20 | donchianupper |
| Lower donchian channel period | int | 20 | donchianlower |
| Higher time frame (minutes) | int | 120 | higherTimeFramePeriod |
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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