This strategy combines Smart Money Concepts (BOS and CHoCH) with moving average trend filtering and volume spikes to generate trade signals. It checks for 20 EMA and 50 EMA alignment, along with volume 20% above its 20-period SMA. Long entries require a bullis
Strategy · Pine Script v4 · On the chart
KSM BTC Binance 2m
A Pine v4 strategy that plots a session VWAP with an upper and lower band offset by a percentage of the high and low.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code125
Settings10inputs
LicenceNone stated
Last update4 years ago2 Dec 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
KSM BTC Binance 2m opens a long when a bar opens above the upper band, optionally only on green candles, and a short below the lower band on red candles, closing when the open crosses back through VWAP. Options allow double entries. Percentage stop-loss inputs are set separately for long and short trades, and a days-back window limits the test range. Orders are cash-sized. All lines draw on the price chart. The defaults appear tuned to one pair and timeframe.
- VWAP with percentage offset bands
- Separate long and short stop-loss percentages
- Days-back test window
- Cash-sized orders on the price chart
Details
Published by
tseitz on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volume, Scalping
Markets
Crypto
Timeframes
M1-M5
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 |
|---|---|---|---|
| Max Days Back to Test | int | 30 | daysBackMax |
| Min Days Back to Test | int | 0 | daysBackMin |
| Long Stop Loss % | float | 1.4 | longStopPerc |
| Short Stop Loss % | float | 1.3 | shortStopPerc |
| Allow double longs? | bool | true | allowDoubleLongs |
| Allow double shorts? | bool | true | allowDoubleShorts |
| Only long green candles? | bool | true | longGreenCandlesOnly |
| Only long green candles? | bool | true | shortRedCandlesOnly |
| VWAP High % | float | .016 | vwapHighPerc |
| VWAP Low % | float | .015 | vwapLowPerc |
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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