The ESH2023 5M strategy is a Pine Script v5 indicator for E-mini S&P 500 futures trading on the 5-minute chart. It calculates a Stochastic oscillator from Ichimoku cloud high/low averages using inputs for K period, D period, and smoothing. The script signals l
Strategy · Pine Script v4 · On the chart
MACD Please 3
A Pine v4 strategy that draws VWAP and green and red lines for rolling highs and lows over two and five bars.
Repaints
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code162
Settings8inputs
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 Please 3 watches for price breaking those extremes together with MACD and RSI bottoming patterns, and keeps counters of highs and lows. Inputs set the lookbacks and take-profit and stop-loss percentages for longs and shorts. It uses calculation on every tick, and a days-back window limits the test.
- Two and five bar high-low lines
- MACD and RSI bottom detection
- Take-profit and stop-loss percentage inputs
- VWAP plotted on the price chart
Details
Published by
tseitz on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Breakout
Markets
Crypto
Timeframes
M1-M5
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- 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 | 60 | daysBackMax |
| Min Days Back to Test | int | 0 | daysBackMin |
| Hi Low Short | int | 2 | hiLowFast |
| Hi Low Long | int | 5 | hiLowSlow |
| Long Take Profit % | float | 2 | longTakeProfPerc |
| Long Stop % | float | 10 | longStopPerc |
| Short Take Profit % | float | 2 | shortTakeProfPerc |
| Short Stop % | float | 10 | shortStopPerc |
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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