Smooth Trend Radar Strategy calculates a double-smoothed Supertrend baseline using WMA and EMA to identify trend direction and sideway regimes. It plots baseline rejection signals on flips, trend slope filters, and statistical overextension highlights with can
Strategy · Pine Script v4 · Own pane
Kenny's Strategy
Kenny's Strategy combines multiple exponential moving averages to identify trend changes and generate entry signals.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code227
Settings23inputs
LicenceNone stated
Last update2 years ago12 May 2024
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
Kenny's Strategy calculates short, medium, and long EMAs from a user-selected source and checks for alignment within specific zones. A long-term EMA filter refines these signals by comparing to the zone boundaries. WaveTrend oscillator provides overbought and oversold levels for additional confirmation, alongside MFI calculations. The strategy plots entry lines and stop loss on the price chart when conditions align across the moving averages and Vumanchu indicators. Settings control MA lengths, multipliers, filter period, WaveTrend parameters, MFI levels, and display options. It supports pyramiding for multiple positions per direction.
- Multiple EMA alignment
- WaveTrend oscillator
- MFI calculations
- Entry and SL lines
- Long-term EMA filter
Details
Published by
jerryinyang on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Trend, Moving averages, Volatility & bands, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Display Entry and SL Lines | bool | true | dispZn |
| MA Source | source | close | maSrc |
| MA 1 Length | int | 50 | ma1Len |
| MA 2 Length | int | 100 | ma2Len |
| Multiplier | float | 1.004 | ma2Mult |
| MA 3 Length | int | 100 | ma3Len |
| Multiplier | float | 0.996 | ma3Mult |
| Use Long-Term EMA Filter? | bool | true | usefiltEma |
| Long-Period EMA Filter Length | int | 200 | filtEmaLen |
| Filter EMA Timeframe | timeframe | | filtEmaRes |
| Use Higher Timeframe | bool | false | vmcUseHTF |
| Vumanchu Timeframe | timeframe | 240 | vmcRes |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use VMC Ob/Os? | bool | false | useVMCObOS |
| WT Channel Length | int | 9 | wtChannelLen |
| WT Average Length | int | 12 | wtAverageLen |
| WT MA Source | source | hlc3 | wtMASource |
| WT MA Length | int | 3 | wtMALen |
| WT Overbought Level | int | 53 | obLevel |
| WT Oversold Level | int | -53 | osLevel |
| MFI Period | int | 60 | rsiMFIperiod |
| MFI Area multiplier | float | 150 | rsiMFIMultiplier |
| MFI Area Y Pos | float | 2.5 | rsiMFIPosY |
| Stop Loss Level | float | 4.0 | slLevel |
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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