This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v4 · On the chart
NowoIchimokuV1
This strategy overlays Ichimoku lines and a cloud on the price chart, plus a stochastic RSI and an upper band from a Hull moving average and standard deviation.
GitHub stars6on the repository
Pine versionv4older, still runs
Lines of code88
Settings18inputs
LicenceNone stated
Last update5 years ago20 Jun 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
NowoIchimokuV1 opens one long inside a date window when the cloud is green and price is above the cloud and conversion line. It closes that long when price is above the upper band or the stochastic is high. The exit uses a stop near the lower cloud, no farther than an eight percent drop, and a limit at twice the distance to that cloud.
- Ichimoku conversion, base, lagging span and cloud
- Stochastic RSI with K and D smoothing
- Hull moving average standard-deviation upper band
- Date-window filter for entries
- Cloud-based stop and limit exit
Details
Published by
seannowotny on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| startYear | int | 2019 | startYear |
| startMonth | int | 5 | startMonth |
| endYear | int | 2022 | endYear |
| endMonth | int | 5 | endMonth |
| K | int | 3 | smoothK |
| D | int | 3 | smoothD |
| RSI Length | int | 14 | lengthRSI |
| Stochastic Length | int | 14 | lengthStoch |
| RSI Source | source | close | src |
| length | int | 20 | length |
| Source | source | close | srcb |
| StdDev | float | 2.5 | mult |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Factor | float | 1.00 | fact |
| Offset | int | 0 | offset |
| Conversion Line Length | int | 9 | conversionPeriods |
| Base Line Length | int | 26 | basePeriods |
| Lagging Span 2 Length | int | 52 | laggingSpan2Periods |
| Displacement | int | 26 | displacement |
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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