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 v5 · On the chart
NVDA Buy/Sell Strategy
This strategy is written for NVIDIA stock and overlays the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code33
Settings4inputs
LicenceGPL-3.0
Last update2 years ago22 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
33 lines of Pine Script v5 from NVDA-based-strat.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © jawauntb
//@version=5
strategy("NVDA Buy/Sell Strategy", shorttitle="NVDA Strategy", overlay=true, margin_long=50, margin_short=25)
// Parameters
time_window = input.int(12, title="Time Window", minval=10, maxval=15)
ema_length = input.int(10, title="EMA Length")
roc_length = input.int(10, title="ROC Length")
atr_length = input.int(14, title="ATR Length")
// Calculations
price = close
ema_price = ta.ema(price, ema_length)
roc_val = ta.roc(price, roc_length)
atr_val = ta.atr(atr_length)
previous_atr = request.security(syminfo.tickerid, "D", atr_val[1])
// Conditions
longCondition = ta.crossover(price, ema_price) and roc_val > 0 and atr_val > previous_atr
shortCondition = ta.crossunder(price, ema_price) and roc_val < 0 and atr_val > previous_atr
// Plot
plotshape(series=longCondition, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=shortCondition, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// Strategy Execution
if longCondition
strategy.entry("Buy", strategy.long)
if shortCondition
strategy.close("Buy")
Overview
NVDA Buy/Sell Strategy opens a long when price crosses above an exponential moving average, the rate of change is positive, and the average true range exceeds the previous daily ATR. It closes that long when price crosses below the EMA, the rate of change is negative, and ATR is still above the prior daily value. It does not open shorts. Inputs change EMA, ROC, and ATR lengths; a time-window input is unused. There is no stop loss or take profit.
- EMA crossover long entries
- Rate of change sign filter
- ATR above prior daily ATR
- Buy and sell labels on the chart
- Long close with no stop loss
Details
Published by
jawauntb on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Volatility & bands
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
- 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 |
|---|---|---|---|
| Time Window | int | 12 | time_window |
| EMA Length | int | 10 | ema_length |
| ROC Length | int | 10 | roc_length |
| ATR Length | int | 14 | atr_length |
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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