This strategy overlays the price chart and looks for VWAP pullbacks. It goes long when a short SMA crosses above VWAP after RSI has been oversold within ten bars, and short on the opposite cross after RSI has been overbought. Optional Minervini-style moving-av
Strategy · Pine Script v5 · On the chart
Optimizer v1
This strategy generates long signals on the price chart using multiple technical indicators.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code90
Settings0inputs
LicenceNone stated
Last update3 years ago6 Sep 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
Optimizer v1 computes EMA 70 and 100, SMA 70, ADX with DMI, CCI, and MACD values. A long entry occurs when EMA crossover condition, SMA condition, ADX above 15, CCI above 30, and MACD histogram positive are all true. For each long position, stop loss is set at 3 percent below average entry price and take profit levels at 1, 2, and 3 percent above. Positions are exited with partial quantities at these take profit levels. The stop loss, TP1, TP2, and TP3 levels are plotted as circles on the chart. No input settings exist, with all parameters hardcoded.
- multi indicator confirmation
- EMA SMA crossover
- ADX DMI filter
- CCI MACD signals
- dynamic TP SL levels
Details
Published by
QuantGeekDev on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
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
Topics
pinescriptpinescript-indicatorspinescript-strategiespinescript-trickspython
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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