This strategy captures strong bullish momentum by combining a 200-period SMA baseline, a custom Bollinger Band, the True Strength Index (TSI) smoothed with WMAs, and the ADX trend strength indicator. It initiates long positions when price is above the 200 SMA,
Strategy · Pine Script v5 · Own pane
SOLBTC MTPI
SOLBTC MTPI is a Pine Script strategy designed to gauge whether Solana is outperforming Bitcoin to determine market allocation.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code374
Settings29inputs
LicenceNone stated
Last update1 year ago27 Apr 2025
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
SOLBTC MTPI calculates a composite trend signal using liquidity-weighted moving averages with Supertrend logic, DEMA filters, and normalized regression components. Position entries occur on confirmed indicator signals in a separate chart pane. Users can select trade modes and adjust smoothing factors, ATR parameters, and backtest dates. The strategy lacks a built-in stop loss by default.
- Liquidity-weighted moving average Supertrend calculation
- Multi-indicator composite scoring system
- Configurable Long-Only and Long-and-Short trade modes
- Customizable backtest date filter window
Details
Published by
Mikelkulla on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Trend, Moving averages, Volatility & bands
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Start Date | time | timestamp("2020-01-01") | startDate |
| Today | string | Manual | endDateMode |
| Trade Mode | string | Long and Short | tradeMode |
| Supertrend Type | string | Smoothed | supertrendType |
| Factor | float | 1.49 | Factor2 |
| Supertrend Length | int | 35 | Pd2 |
| Fast MA Length | int | 22 | fast |
| Slow MA Length | int | 52 | slow |
| EMA Small - Value | int | 24 | emaS_value |
| EMA Big - Value | int | 42 | emaB_value |
| Arrow Up Color | color | color.green | arrowColorUp |
| Arrow Down Color | color | color.red | arrowColorDown |
Show all 29 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Arrow Size | int | 50 | arrowSize |
| Supertrend Len | int | 4 | dema_subject |
| Supertrend Multiple | float | 4.05 | dema_mul |
| DEMA Length | int | 9 | dema_demalen |
| DEMA Source | source | close | dema_src |
| Dema Len | int | 8 | afr_dema_len |
| Dema Source | source | close | afr_src |
| Period | int | 14 | afr_p |
| Factor | float | 1.7 | afr_atr_factor |
| Normalization Data Length | int | 64 | nlr_len |
| Learning Rate | float | 0.1 | nlr_learningRate |
| Smooth? | bool | true | nlr_smooth |
| Smooth Length | int | 5 | nlr_smooth_len |
| Coefficient b1 (close) | float | 0.5 | nlr_b1 |
| Coefficient b2 (open) | float | 0.4 | nlr_b2 |
| Coefficient b3 (high) | float | 0.35 | nlr_b3 |
| Coefficient b4 (low) | float | 0.25 | nlr_b4 |
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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