by 
This strategy plots running pivot highs as red R circles and pivot lows as blue S circles directly on the price chart. It computes an EMA 3 and a Cto trend line from close prices, then generates long signals on upward EMA-Cto crossovers combined with price pos
Strategy · Pine Script v4 · On the chart
Setup 9.2 - Larry Willians
This strategy plots a 9-period exponential moving average and a 20-period simple moving average on the main price chart.
GitHub stars9on the repository
Pine versionv4older, still runs
Lines of code53
Settings0inputs
LicenceMIT
Last update5 years ago28 Apr 2021
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
53 lines of Pine Script v4 from strategies/setup_9_2.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("Setup 9.2 - Larry Willians", overlay=true)
ema8 = ema(close, input(8))
ema9 = ema(close, input(9))
ema13 = sma(close, input(13))
ema54 = sma(close, input(54))
ema200 = sma(close, input(200))
sma20 = sma(close, input(20))
plot(ema9, color=color.red)
plot(sma20)
var INF = 9999999.9
var position = false
var active = false
var buy_price = INF
var stop_price = 0.0
if (ema9[0] < ema9[1] and active)
buy_price := INF
stop_price := 0.0
active := false
position := false
if (not position and close < low[1] and ema9[0] > ema9[1])
buy_price := high[0]
stop_price := low[0]
active := true
if (position and low < stop_price)
strategy.close("long", comment="stop")
buy_price := INF
stop_price := 0.0
active := false
position := false
if (position and close < sma20)
strategy.close("long", comment="sma sell")
buy_price := INF
stop_price := 0.0
active := false
position := false
if (active and high > buy_price and ema9 > sma20)
strategy.entry("long", strategy.long)
stop_price := min(low[0], stop_price)
position := true
active := false
else
if(active)
buy_price := min(high[0], buy_price)
stop_price := min(low[0], stop_price)
Overview
Setup 9.2 - Larry Willians executes long entries based on the Larry Williams 9.2 setup when price breaks above a trigger bar high while the 9 EMA is rising above the 20 SMA. Positions exit when price falls below the setup stop level or closes under the 20 SMA. Input settings configure lengths for multiple moving averages. The strategy operates long-only, provides no take-profit targets, and relies on custom bar exits without native order stop losses.
- Larry Williams 9.2 setup
- 9-period exponential moving average
- 20-period simple moving average filter
- Long-only trend following execution
Details
Published by
rodrigo-brito on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Breakout
Markets
Crypto
Timeframes
H4 and above
Risk Notes
- The strategy enters trades without a stop loss
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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