This strategy enters long on an outside bar when the candle is bullish, the Klinger Volume Oscillator is positive, and price is above a Hull moving average. It enters short on an inside bar when the candle is bearish, the oscillator is negative, and price is b
Strategy · Pine Script v5 · On the chart
Stochastic and CMF Strategy
This strategy combines the Stochastic Oscillator with Chaikin Money Flow (CMF) to generate trading signals on the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code38
Settings4inputs
LicenceGPL-3.0
Last update2 years ago22 May 2024
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
38 lines of Pine Script v5 from stochastic-and-chaikin-money-flow-strat.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © jawauntb
//@version=5
strategy("Stochastic and CMF Strategy", overlay=true)
// Stochastic Indicator
periodK = input.int(20, " %K Length", minval=1)
smoothK = input.int(1, "%K Smoothing", minval=1)
periodD = input.int(3, "%D Smoothing", minval=1)
k = ta.sma(ta.stoch(close, high, low, periodK), smoothK)
d = ta.sma(k, periodD)
// Chaikin Money Flow Indicator
length = input.int(10, "Length", minval=1)
ad = close == high and close == low or high == low ? 0 : ((2 * close - low - high) / (high - low)) * volume
sumAd = 0.0
sumVolume = 0.0
for i = 0 to length - 1
sumAd := sumAd + ad[i]
sumVolume := sumVolume + volume[i]
mf = sumAd / sumVolume
// Define conditions for entering a long or short position
enterLong = ta.crossover(k, d) and mf > 0.1
enterShort = ta.crossunder(k, d) and mf < 0.08
// Define conditions for exiting a position
exitLong = ta.crossunder(k, d) and mf < -0.1
exitShort = ta.crossover(k, d) and mf > 0.06
// Execute trades based on the conditions
strategy.entry("Long", strategy.long, when=enterLong)
strategy.close("Long", when=exitLong)
strategy.entry("Short", strategy.short, when=enterShort)
strategy.close("Short", when=exitShort)
Overview
Stochastic and CMF Strategy enters long positions when the Stochastic %K line crosses above the %D line while CMF is above 0.1, and enters short positions on a downward crossover when CMF is below 0.08. Positions are closed based on inverse Stochastic crossovers filtered by specific CMF threshold values. Inputs allow customization of Stochastic period parameters and CMF length. The strategy relies entirely on signal condition exits and does not include a stop loss.
- Stochastic oscillator crossover conditions
- Chaikin Money Flow volume filter
- Threshold-filtered position exits
Details
Published by
jawauntb on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Volume
Markets
Any symbol
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 |
|---|---|---|---|
| %K Length | int | 20 | periodK |
| %K Smoothing | int | 1 | smoothK |
| %D Smoothing | int | 3 | periodD |
| Length | int | 10 | length |
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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