This strategy overlays three exponential moving averages on the price chart, with periods of 9, 50, and 200. It calculates a MACD histogram from a 1-minute timeframe, applies Bollinger Bands to the histogram, and tracks two RSI oscillators of different lengths
Strategy · Pine Script v4 · On the chart
SlimTrades 5m
A strategy on the price chart with defaults aimed at a 5 minute chart.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code352
Settings15inputs
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
SlimTrades 5m reads RSI levels and rolling highest and lowest ranges, with MACD and RSI history helpers, to open long positions and optionally shorts. Positions close on RSI close zones, a minimum percentage move or trailing stops, with separate percentages for each side. Inputs also cover a fast-open switch, a show-slow range toggle and a days-back testing window. Order size is a fixed cash amount.
- RSI zones and rolling range levels
- Optional shorts with separate trailing stops
- Fast open switch
- Days back testing window
Details
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 |
| Hi Low Slow | int | 117 | hiLowSlow |
| Hi Low Super Slow | int | 196 | hiLowSuperSlow |
| Buy Long Zone RSI | int | 52 | buyLongZoneRsi |
| Close Long Zone RSI | int | 68 | rsiCloseLongZone |
| Short Short Zone RSI | int | 43 | shortShortZoneRsi |
| Close Short Zone RSI | int | 33 | rsiCloseShortZone |
| Close Short Min (%) | float | 1.1 | closeShortPerc |
| Close Long Min (%) | float | 1.3 | closeLongPerc |
| Long Trail Stop (%) | float | 3.9 | longTrailPerc |
| Short Trail Stop (%) | float | 4.3 | shortTrailPerc |
| Allow Shorts | bool | true | allowShorts |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast Opens | bool | true | fastOpens |
| Show Slow | bool | true | showSlow |
| Buy Short Zone RSI | int | 39 | buyShortZoneRsi |
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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