MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v4 · Own pane
Stochastic
This strategy combines a smoothed stochastic oscillator with three exponential moving averages.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code29
Settings0inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 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
29 lines of Pine Script v4 from 4-Hour Stochastic EMA Trend.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/
// © slymnturkoglu
//@version=4
strategy("Stochastic")
//study(title="Stochastic", shorttitle="Stoch", format=format.price, precision=2, resolution="")
period1 = 5
period2 = 15
period3 = 50
ma1 = ema(close, period1)
ma2 = ema(close, period2)
ma3 = ema(close, period3)
periodK=13
periodD=15
smoothK=5
k = sma(stoch(close, high, low, periodK), smoothK)
d = sma(k, periodD)
buyCondition = crossover(k, d) and crossover(ma1, ma3) and crossover(ma2, ma3)
sellCondition = crossunder(k, d) and crossunder(ma1, ma3) and crossunder(ma2, ma3)
strategy.entry("long", strategy.long, 1000, alert_message="LongAlert", when=buyCondition)
strategy.close("long", alert_message="CloseAlert", when=sellCondition)
//study("Stochastic EMA Trend", overlay=false)
plot(close)
plot(ma1, color=color.blue, linewidth=3, title="EMA period 5")
plot(ma2, color=color.green,linewidth=3, title="EMA period 15")
plot(ma3, color=color.yellow,linewidth=3, title="EMA period 50")
plot(d, color=color.red,linewidth=3, title="d")
plot(k, color=color.blue,linewidth=3, title="k")
Expand (42 lines)
Overview
Stochastic opens a long position of 1000 units when the stochastic K line crosses above D and the 5-period and 15-period EMAs both cross above the 50-period EMA. It closes that long when K crosses below D and both faster EMAs cross below the slow EMA. Periods are fixed in the code, with no user inputs. It does not open shorts and has no stop loss or take profit. Plots of price, the three EMAs, K, and D appear in a separate pane.
- Smoothed stochastic K and D
- Three fixed-period EMAs
- Long-only crossover entries
- Fixed position size of 1000
- No stop loss or short trades
Details
Published by
hasnocool on GitHub
Code credit
slymnturkoglu, as written in the script's header
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Trend, Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
H4 and above
Risk Notes
- The strategy enters trades without a stop loss
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
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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