Jerry Buy Zone Strategy: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

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 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

133 lines of Pine Script v5 from Tradingview/jerry-buy-zone-strategy.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

jerry-buy-zone-strategy.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
strategy("Jerry Buy Zone Strategy", overlay=true, default_qty_value = 1000)

// @keywords: jerry-buy-zone-strategy, macd-bollinger-bands, stacked-ema-filter, long-short-strategy, macd-zero-cross, bb-upper-lower-cross, trailing-stop-exit, monthly-momentum-filter, trading-hours-filter, strategy-entry-exit, hull-ma-support, five-ema-stack, buy-zone-arrows, sell-arrow-exit, mom-percent-filter, macd-line-signals, position-trailing-stop, short-long-toggle, request-security-monthly, bb-macd-combo

//MACD DATA
bblength = input.int(10, minval = 1, title = "BB Length", group = "MACD Settings")
bbnum_dev = input.float(1.00, minval = 0.00, title = "BB Deviation", group = "MACD Settings")
macdfastlength = input.int(12, minval = 1, title = "MACD Fast Length", group = "MACD Settings")
macdslowlength = input.int(26, minval = 1, title = "MACD Slow Length", group = "MACD Settings")
macdlength = input.int(5, minval = 1, title = "MACD Length", group = "MACD Settings")

[macdLine, signalLine, histLine] = ta.macd(close, macdfastlength, macdslowlength, macdlength)
[bb_midline, bb_upper, bb_lower] = ta.bb(macdLine, bblength, bbnum_dev)

macd_line_color = macdLine > macdLine[1] and macdLine >= bb_upper ? color.new(#04fc04,0) : macdLine < macdLine[1] and macdLine >= bb_upper ? color.new(#046404,0) : macdLine < macdLine[1] and macdLine <= bb_lower ? color.new(#fc0404,0) : macdLine > macdLine[1] and macdLine <= bb_lower ? color.new(#94140c,0) : color.new(#808181,0)
macd_dots_color = macdLine > macdLine[1] and macdLine > bb_upper and macdLine < 0 ? color.new(#fbfb06,0) : macdLine > macdLine[1] and macdLine > bb_upper and macdLine > 0 ? color.new(#04fc04,0) : macdLine < macdLine[1] and macdLine > bb_upper ? color.new(#046404,0) : macdLine < macdLine[1] and macdLine < bb_lower ? color.new(#fc0404,0) : macdLine > macdLine[1] and macdLine < bb_lower ? color.new(#94140c,0) : color.new(#808181,0)

//ma function
ma(averagetype, price, length) => 
    if averagetype == "WILDERS"
        ta.rma(price, length)
    else
        if averagetype == "SMA"
            ta.sma(price, length)
        else 
            if averagetype == "EMA"
                ta.ema(price, length)
            else 
                if averagetype == "WMA"
                    ta.wma(price, length)
                else
                    if averagetype == "HullMA"
                        ta.wma(2 * ta.wma(price, length / 2) - ta.wma(price, length), math.round(math.sqrt(length)))
                    else
                        price

//Buy and Sell Arrows
buyarrow1 = (macdLine > bb_upper and ta.crossover(macdLine,0)) or (ta.crossover(macdLine, bb_upper) and macdLine > 0)
sellarrow = ta.crossunder(macdLine, bb_lower)

stacked_up_for_longs = input.bool(false, title = "Stacked UP For Longs", tooltip = "If Yes then MA must be stacked UP to enter longs.", group = "Stacked MA Settings")
stacked_down_for_shorts = input.bool(true, title = "Stacked DOWN For Shorts", tooltip = "If Yes then MA must be stacked Down to enter shorts.", group = "Stacked MA Settings")

ma_Length1 = input.int(8, title = "MA Length 1", minval = 1, maxval = 250, group = "Stacked MA Settings")
ma_Length2 = input.int(21, title = "MA Length 2", minval = 1, maxval = 250, group = "Stacked MA Settings")
ma_Length3 = input.int(34, title = "MA Length 3", minval = 1, maxval = 250, group = "Stacked MA Settings")
ma_Length4 = input.int(55, title = "MA Length 4", minval = 1, maxval = 250, group = "Stacked MA Settings")
ma_Length5 = input.int(89, title = "MA Length 5", minval = 1, maxval = 250, group = "Stacked MA Settings")

ma1 = ma("EMA", close, ma_Length1)
ma2 = ma("EMA", close, ma_Length2)
ma3 = ma("EMA", close, ma_Length3)
ma4 = ma("EMA", close, ma_Length4)
ma5 = ma("EMA", close, ma_Length5)

stackedUP = not stacked_up_for_longs or (stacked_up_for_longs and ma1 > ma2 and ma2 > ma3 and ma3 > ma4 and ma4 > ma5)
stackedDN = not stacked_down_for_shorts or (stacked_down_for_shorts and ma1 < ma2 and ma2 < ma3 and ma3 < ma4 and ma4 < ma5)

useMOM1 = input.bool(false, title = "Use MOM 1", inline = '1', group = "MOM Settings")
MOM1_pct = input.float(1.00, title = "- %",minval = 0, maxval = 100, inline = '1', group = "MOM Settings")
useMOM2 = input.bool(false, title = "Use MOM 2",inline = '2',  group = "MOM Settings")
MOM2_pct = input.float(2.00, title = "- %", minval = 0, maxval = 100, inline = '2', group = "MOM Settings")
useMOM3 = input.bool(false, title = "Use MOM 3",inline = '3',  group = "MOM Settings")
MOM3_pct = input.float(3.00, title = "- %", minval = 0, maxval = 100, inline = '3', group = "MOM Settings")

month1_data = request.security(syminfo.tickerid, "1M", close[1])
month2_data = request.security(syminfo.tickerid, "1M", close[2])
month3_data = request.security(syminfo.tickerid, "1M", close[3])

month1_chg = (close - month1_data) / month1_data * 100
month2_chg = (close - month2_data) / month2_data * 100
month3_chg = (close - month3_data) / month3_data * 100

month1 = useMOM1 and month1_chg >= MOM1_pct ? 1 : useMOM1 and month1_chg <= -MOM1_pct ? -1 : 0
month2 = useMOM2 and month2_chg >= MOM2_pct ? 1 : useMOM2 and month2_chg <= -MOM2_pct ? -1 : 0
month3 = useMOM3 and month3_chg >= MOM3_pct ? 1 : useMOM3 and month3_chg <= -MOM3_pct ? -1 : 0

mom_buy_condition = (not useMOM1 or month1 == 1) and (not useMOM2 or month2 == 1) and (not useMOM3 or month3 == 1) 
mom_sell_condition = (not useMOM1 or month1 == -1) and (not useMOM2 or month2 == -1) and (not useMOM3 or month3 == -1) 

useTradingHours = input.bool(false, title = "Use Trading Hours", tooltip = "This is ignored if the chart timeframe is greater than or equal to the daily timeframe.", group = "Additional Trade Settings")
trading_time = input.session("0930-1600", title = "Trading Time", tooltip = "This uses Eastern Time Zone or U.S. NY Market Hours.", group = "Additional Trade Settings")
trading_hours_cond = not useTradingHours or time("",trading_time, "America/New_York")

long_trades = input.bool(true, title = "Long Trades", tooltip = "Do we want to take long trades?" , group = "Additional Trade Settings")
short_trades = input.bool(true, title = "Short Trades", tooltip = "Do we want to take short trades?" , group = "Additional Trade Settings")

long_entry = long_trades and buyarrow1 and stackedUP and trading_hours_cond and mom_buy_condition
long_exit = long_trades and sellarrow and trading_hours_cond

short_entry = short_trades and sellarrow and stackedDN and trading_hours_cond and mom_sell_condition
short_exit = short_trades and buyarrow1 and trading_hours_cond


use_trailing_stop = input.bool(true, title = "Use Trailing Stop", group = "Additional Trade Settings")
trailing_stop_amount = input.float(10.0, minval = 0.00, maxval = 10.0, title = "Trailing Stop Amount", group = "Additional Trade Settings")

var long_price = 0.00
var short_price = 0.00

var long_mult = 0.00
var short_mult = 0.00

var short_trailStopPrice = 0.00
var long_trailStopPrice = 0.00

if use_trailing_stop
    long_price := (strategy.position_size > 0) and (strategy.position_size[1] <= 0) ? open : (strategy.position_size > 0) ? math.max(high,long_price[1]) : na
    short_price := (strategy.position_size < 0) and (strategy.position_size[1] >= 0) ? open : (strategy.position_size < 0) ? math.min(low,short_price[1]) : na    

    long_mult := long_price / 100
    short_mult := short_price / 100    
    
    short_trailStopPrice := short_price + trailing_stop_amount * short_mult
    long_trailStopPrice := long_price - trailing_stop_amount * long_mult
    
    if (strategy.position_size > 0)
        strategy.exit(id="LE", stop=long_trailStopPrice, comment = "L_TS")
    
    if (strategy.position_size < 0)
        strategy.exit(id="SS_E", stop=short_trailStopPrice, comment = "SS_TS")
    
//ORDERS
strategy.close("LE",when = long_exit, comment = "LX")
strategy.close("SS_E",when = short_exit, comment = "SS_X")

strategy.entry("LE", strategy.long,when = long_entry) 
strategy.entry("SS_E", strategy.short, when = short_entry)

Overview

Long entries trigger when the MACD line crosses above zero while remaining above the upper Bollinger Band, or crosses above the upper band while above zero. Exits and short entries trigger when the MACD line crosses below the lower Bollinger Band. The strategy includes multi-length stacked moving average filters, monthly momentum filters, trading session filters, and an adjustable trailing stop. It draws directly on the price chart.

MACD Bollinger Band breakout signals
Stacked moving average trend filter
Optional monthly momentum percentage filter
Trading session filter and trailing stop exit

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

M15-H1, H4 and above

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

Tradingview/jerry-buy-zone-strategy.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
BB Length	`int`	`10`	`bblength`
BB Deviation	`float`	`1.00`	`bbnum_dev`
MACD Fast Length	`int`	`12`	`macdfastlength`
MACD Slow Length	`int`	`26`	`macdslowlength`
MACD Length	`int`	`5`	`macdlength`
Stacked UP For Longs	`bool`	`false`	`stacked_up_for_longs`
Stacked DOWN For Shorts	`bool`	`true`	`stacked_down_for_shorts`
MA Length 1	`int`	`8`	`ma_Length1`
MA Length 2	`int`	`21`	`ma_Length2`
MA Length 3	`int`	`34`	`ma_Length3`
MA Length 4	`int`	`55`	`ma_Length4`
MA Length 5	`int`	`89`	`ma_Length5`

Show all 24 settings

Setting	Type	Default	Variable
Use MOM 1	`bool`	`false`	`useMOM1`
- %	`float`	`1.00`	`MOM1_pct`
Use MOM 2	`bool`	`false`	`useMOM2`
- %	`float`	`2.00`	`MOM2_pct`
Use MOM 3	`bool`	`false`	`useMOM3`
- %	`float`	`3.00`	`MOM3_pct`
Use Trading Hours	`bool`	`false`	`useTradingHours`
Trading Time	`session`	`0930-1600`	`trading_time`
Long Trades	`bool`	`true`	`long_trades`
Short Trades	`bool`	`true`	`short_trades`
Use Trailing Stop	`bool`	`true`	`use_trailing_stop`
Trailing Stop Amount	`float`	`10.0`	`trailing_stop_amount`

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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