This strategy plots a fast and a slow simple moving average on the price chart and enters long when the fast average crosses above the slow average, or short on a cross below.
//@version=5
// IMP READ THIS SECTION FIRST
// This is a classic example of strategies which shows great backtest but doesnt really work. DO NOT USE THIS, its just to spread awareness.
strategy("Quantum Entanglement (Filtered MA Crossover)", overlay=true)
// === Inputs ===
maFast = input.int(7, "Fast MA Length")
maSlow = input.int(20, "Slow MA Length")
symbolName = input.string("NSE:NIFTY25APRFUT", title="Symbol for Alerts")
adxThreshold = input.int(15, "Min ADX Trend Strength")
rsiLength = input.int(14, "RSI Length")
atrLength = input.int(14, "ATR Length")
minATR = input.float(0.5, "Min ATR for Volatility Filter")
// === Indicators ===
fastMA = ta.sma(close, maFast)
slowMA = ta.sma(close, maSlow)
[adx, _, _] = ta.dmi(14, 14)
rsi = ta.rsi(close, rsiLength)
atr = ta.atr(atrLength)
// === Filters ===
trendStrong = adx > adxThreshold
volatilityOK = atr > minATR
bullishCandle = close > open
bearishCandle = close < open
// === Entry Conditions ===
longSignal = ta.crossover(fastMA, slowMA) and trendStrong and rsi < 65 and volatilityOK and bullishCandle
shortSignal = ta.crossunder(fastMA, slowMA) and trendStrong and rsi > 35 and volatilityOK //and bearishCandle
// === Strategy Execution ===
if (longSignal)
strategy.entry("Filtered Long", strategy.long)
strategy.exit("Trailing Stop Long", "Filtered Long", trail_points = atr * 4,trail_offset = atr*7)
if (shortSignal)
strategy.entry("Filtered Short", strategy.short)
strategy.exit("Trailing Stop Short", "Filtered Short", trail_points = atr * 4,trail_offset = atr*7)
// === Plots ===
plot(fastMA, "Fast MA", color=color.teal)
plot(slowMA, "Slow MA", color=color.orange)
plotshape(longSignal, title="Buy", location=location.belowbar, color=color.green, style=shape.triangleup, size=size.small)
plotshape(shortSignal, title="Sell", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.small)
Overview
Longs also require ADX above a threshold, RSI below 65, ATR above a minimum, and a bullish candle; shorts use the same trend and volatility filters with RSI above 35. Inputs change the average lengths, ADX, RSI, ATR, and alert symbol. Exits use an ATR-based trailing stop only. The author notes the sample is for awareness and should not be used for live trading.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast MA Length
int
7
maFast
Slow MA Length
int
20
maSlow
Symbol for Alerts
string
NSE:NIFTY25APRFUT
symbolName
Min ADX Trend Strength
int
15
adxThreshold
RSI Length
int
14
rsiLength
ATR Length
int
14
atrLength
Min ATR for Volatility Filter
float
0.5
minATR
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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