This strategy enters long on an outside bar when the candle is bullish, the Klinger Volume Oscillator is positive, and price is above a Hull moving average. It enters short on an inside bar when the candle is bearish, the oscillator is negative, and price is b
Strategy · Pine Script v4 · On the chart
MACD Fast Shorts Add RSI Entry (VWAP)
A Pine v4 strategy variant focused on short trades.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code124
Settings4inputs
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
MACD Fast Shorts Add RSI Entry (VWAP) sells when price opens below VWAP while the 12/26 MACD is positive and falling, highlighting the bar red, and closes the short when MACD is negative, rising and below its signal. It has options to allow adds and a maximum number of adds, and a days-back window limits the test. Only the short side is visible in the code provided.
- Short entry below VWAP with falling MACD
- Exit on rising MACD below signal
- Allow adds and maximum adds inputs
- Days-back test window
Details
Published by
tseitz on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Volume
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
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 |
| Allow Adds? | bool | true | allowAdds |
| Max Adds | int | 4 | maxAdds |
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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