QUANT-OMEGA Strategy: Free TradingView Strategy (Pine Script)

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

QUANT-OMEGA Strategy classifies the market with ADX and ATR, scores trend, mean-reversion and breakout signals into a confidence value, and enters only above set thresholds. Stops and targets are ATR multiples. Position size comes from a risk percentage per trade, capped by maximum leverage, with a drawdown limit, a daily loss limit and a daily trade cap. An optional UTC session filter is available. Defaults include commission, slippage and a 100000 starting capital.

Regime detection with ADX and ATR
Trend, mean reversion and breakout signal blend
ATR stop and take profit
Risk-percent sizing with leverage cap
Drawdown and daily loss limits

Details

Published by

princeleuel-code on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

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.

File

quant_omega/quant_omega_strategy.pine

Repository

github.com/princeleuel-code/OMEGA-DEVIN-. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Non-Repainting Mode	`bool`	`true`	`i_nonRepaint`
ADX Period	`int`	`14`	`i_adxPeriod`
ADX Trend Threshold	`int`	`25`	`i_adxThreshold`
ATR Period	`int`	`14`	`i_atrPeriod`
ATR Slow Period	`int`	`50`	`i_atrSlowPeriod`
EMA Fast	`int`	`8`	`i_emaFast`
EMA Slow	`int`	`21`	`i_emaSlow`
EMA Trend	`int`	`50`	`i_emaTrend`
Bollinger Period	`int`	`20`	`i_bbPeriod`
Bollinger StdDev	`float`	`2.0`	`i_bbStd`
RSI Period	`int`	`14`	`i_rsiPeriod`
Donchian Period	`int`	`20`	`i_donchianPeriod`

Show all 27 settings

Setting	Type	Default	Variable
Keltner Multiplier	`float`	`1.5`	`i_squeezeKcMult`
No Trade Threshold	`int`	`30`	`i_confNoTrade`
Watch Only Threshold	`int`	`50`	`i_confWatch`
Small Entry Threshold	`int`	`70`	`i_confSmall`
Strong Entry Threshold	`int`	`85`	`i_confStrong`
Risk Per Trade %	`float`	`1.0`	`i_riskPerTrade`
Max Drawdown %	`float`	`15.0`	`i_maxDrawdown`
Daily Loss Limit %	`float`	`3.0`	`i_dailyLossLimit`
Max Leverage	`float`	`5.0`	`i_maxLeverage`
Stop Loss ATR Multiplier	`float`	`2.0`	`i_stopMultiplier`
Take Profit ATR Multiplier	`float`	`3.0`	`i_tpMultiplier`
Use Session Filter	`bool`	`false`	`i_useSessionFilter`
Session Start Hour (UTC)	`int`	`8`	`i_sessionStart`
Session End Hour (UTC)	`int`	`20`	`i_sessionEnd`
Max Trades Per Day	`int`	`5`	`i_maxTradesPerDay`

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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