Gucci 1.0 is a Pine Script strategy that identifies trend reversals using 55 EMA and 200 EMA crossovers combined with custom high and low levels from recent closes.
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
Gucci 1.0 plots open, close, high/low period values, and both EMAs on the price chart. Long signals fire when price crosses above custom low and 55 EMA during uptrend; short signals on downside crosses in downtrend. The strategy enters positions and exits with take profit, stop loss in ticks, and trailing stop offset. Main settings modify EMA periods, high/low calculation period, and tick-based risk parameters. It enables box close functionality and provides visual labels and alerts for entries.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Enable on Box Close
bool
true
boxClose
Timeframe
timeframe
1
timeframe
High/Low Period
int
2
highLowPeriod
55 EMA Period
int
21
ema55Period
200 EMA Period
int
200
ema200Period
Take Profit (in Ticks)
int
55
takeProfitTicks
Stop Loss (in Ticks)
int
30
stopLossTicks
Trailing Stop (in Ticks)
int
25
trailingStopTicks
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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