This strategy combines the ATR-banded Q-Trend indicator with the Klinger Volume Oscillator (KVO) to execute confluence trades. It enters long when a Q-Trend buy trigger aligns with a positive KVO value and a bullish candle confirmation, taking short trades und
Strategy · Pine Script v4 · Own pane
SlimScript Stop and Target
A Pine v4 strategy that redraws candles in a separate pane and plots VWAP with one percent bands.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code108
Settings7inputs
LicenceNone stated
Last update4 years ago2 Dec 2021
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
SlimScript Stop and Target goes long on a green non-doji candle and short on a red one, unless the move runs against the opposite position and the close sits inside the band. Inputs set percentage stop-loss and take-profit levels per side, a doji precision and a days-back window. Long, short and close labels are plotted.
- Percentage stop loss and take profit per side
- VWAP with one percent bands
- Entry and close labels
- Doji precision filter
Details
Published by
tseitz on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Volume
Markets
Crypto
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Days Back to Test | int | 60 | daysBackMax |
| Min Days Back to Test | int | 0 | daysBackMin |
| Long Stop Loss % | float | 3.0 | longLossPerc |
| Short Stop Loss % | float | 3.0 | shortLossPerc |
| Long Take Profit % | float | 15.0 | longTakeProfPerc |
| Short Take Profit % | float | 15.0 | shortTakeProfPerc |
| Precision | float | 0.4 | Precision |
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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