HA UnivLong&Short Futures calculates Heikin Ashi candles and builds a channel using simple moving averages of Heikin Ashi highs and lows. It enters long positions when the upper channel line crosses above the lower channel line and opens short positions on the
Strategy · Pine Script v4 · Own pane
Line Break Strategy
Line Break Strategy generates trading signals by fetching Line Break chart data using a synthetic ticker context.
Repaints
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code19
Settings1inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024
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
19 lines of Pine Script v4 from Best strategy for TradingView (fake).pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("Line break strategy", "LBS", default_qty_type = strategy.percent_of_equity, default_qty_value=100, currency="USD", commission_type=strategy.commission.percent, commission_value=0.07)
lb_t = linebreak(syminfo.tickerid, input(3, 'break', input.integer))
lb_open = security(lb_t, timeframe.period, open, barmerge.gaps_on)
lb_high = security(lb_t, timeframe.period, high, barmerge.gaps_on)
lb_low = security(lb_t, timeframe.period, low, barmerge.gaps_on)
lb_close = security(lb_t, timeframe.period, close, barmerge.gaps_on)
plotcandle(lb_open, lb_high, lb_low, lb_close, color = lb_close >= lb_open ? color.green : color.red)
if lb_close > lb_open
strategy.entry("Long", true)
else
strategy.close("Long")
if lb_close < lb_open
strategy.entry("Short", false)
else
strategy.close("Short")
Expand (22 lines)
Overview
Line Break Strategy plots custom Line Break candlesticks in a separate pane and checks whether the line break bar closed higher or lower than its open. The strategy enters a long position when the line break close exceeds its open and enters a short position when it falls below. Users can configure the line break count setting. Requesting non-standard chart types via the security function can cause repainting, and the script includes no default stop-loss rules.
- Line Break chart ticker integration
- Configurable line break count setting
- Separate pane candlestick plotting
- Directional entries based on line break closes
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Trend, Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| break | int | 3 | break |
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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