This strategy combines the ATR-banded Q-Trend indicator with the Klinger Volume Oscillator (KVO) to execute confluence trades. It enters long when a Q-Trend buy trigger aligns with a positive KVO value and a bullish candle confirmation, taking short trades und
Strategy · Pine Script v4 · Own pane
Normalized Vector Strategy
This strategy plots a scaled one-bar price change from a chosen timeframe in a separate pane.
Repaints
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code90
Settings7inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
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
Normalized Vector Strategy enters long when the change crosses above a threshold divided by a divisor and short when it crosses below the negative threshold. Volume can replace price with an on-balance volume series. Settings change the source, timeframe, threshold, divisor, and the older security request. It draws a histogram, threshold lines, a zero line, and signal background colors. There are no exit rules or stop loss. Comments say the vector can repaint after a refresh, and the default request uses lookahead.
- Scaled one-bar price change histogram
- Threshold crossover long and short entries
- Optional on-balance volume source
- Older higher-timeframe security request
- Background color on entry signals
Details
Published by
capissimo on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
- 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 |
|---|---|---|---|
| Price Data | source | close | price |
| Timeframe | int | 34 | tf |
| Threshold | input | 14. | thresh |
| Divisor | int | 1000000 | div |
| Volume | bool | false | showVol |
| Use Old System | bool | true | useold |
| Karobein Osc Lookback | int | 8 | per |
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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