Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v5 · On the chart
Markov Down-Streak Strategy
A very simple strategy that opens a long position when the close has fallen for six bars in a row, and closes it on the first bar that closes higher than the previous bar.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code13
Settings0inputs
LicenceNone stated
Last update2 years ago9 Nov 2023
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
Markov Down-Streak Strategy sizes each trade at all of the account equity and has no stop loss or take profit. The repository notebook discusses Markov chain state probabilities, but this script uses only the fixed down-streak rule and has no settings. It draws on the price chart.
- Long entry after six consecutive lower closes
- Exit on first higher close
- Full equity position sizing
- No adjustable settings
Details
Published by
eervin123 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Repository
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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