This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v5 · On the chart
Strategy Template
This strategy template plots indicators directly on the price chart, including exponential moving averages, relative strength index, and average directional movement.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code227
Settings26inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago18 Aug 2022
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
227 lines of Pine Script v5 from script.pine, published under MPL-2.0 (file header). 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/
// © Carlovy
//@version=5
strategy(title="Strategy Template", shorttitle="STRAT-TMPLT", overlay=true, pyramiding=0, default_qty_value=100, commission_value=0.1, commission_type=strategy.commission.percent, initial_capital=100)
// 8888888 888b 888 8888888b. 888 888 88888888888 .d8888b.
// 888 8888b 888 888 Y88b 888 888 888 d88P Y88b
// 888 88888b 888 888 888 888 888 888 Y88b.
// 888 888Y88b 888 888 d88P 888 888 888 "Y888b.
// 888 888 Y88b888 8888888P" 888 888 888 "Y88b.
// 888 888 Y88888 888 888 888 888 "888
// 888 888 Y8888 888 Y88b. .d88P 888 Y88b d88P
// 8888888 888 Y888 888 "Y88888P" 888 "Y8888P"
i_emaFast = input.int (9 , 'EMA Fast' , group = 'Basic Indicators')
i_emaMed = input.int (55 , 'EMA Medium' , group = 'Basic Indicators')
i_emaSlow = input.int (200 , 'EMA Slow' , group = 'Basic Indicators')
i_rsi = input.int (14 , 'RSI Close' , group = 'Basic Indicators')
i_adxlen = input.int (14 , 'ADX diLength' , group = 'ADX')
i_dilen = input.int (14 , 'ADX Smoothing' , group = 'ADX')
i_tsl_enable = input.bool (true , 'Enable ATR Trailing StopLoss Strategy?', group = 'ATR Supertrend StopLoss and R:R ratio')
i_atrLen = input.int (14 , 'ATR Length' , group = 'ATR Supertrend StopLoss and R:R ratio')
i_atrFactor = input.int (2 , 'ATR Factor' , group = 'ATR Supertrend StopLoss and R:R ratio')
i_ATR_RR = input.int (2 , 'ATR R:R ratio' , group = 'ATR Supertrend StopLoss and R:R ratio')
i_lookback = input.int (7 , 'How far to look back for High/Lows' , group = 'Position Managment')
i_account = input.int (100 , 'Total Account' , group = 'Position Managment')
i_position_size = input.int (10 , '% Position Size from Total Account' , group = 'Position Managment')
i_leverage = input.int (2 , 'Leverage' , group = 'Position Managment')
i_stopLoss = input.int (1 , 'StopLoss' , group = 'Position Managment')
i_localsl = input.bool (false, 'Enable Local High/Low Stop Loss' , group = 'Position Managment')
i_multiTP = input.bool (true , 'Enable Multiple Take Profits' , group = 'Position Managment')
i_tp1 = input.float (1 , 'Take Profit 1' , group = 'Position Managment')
i_tp2 = input.float (1.2 , 'Take Profit 2' , group = 'Position Managment')
i_tp1_q = input.float (50 , 'Take Profit 1 Quantity Percent' , group = 'Position Managment')
i_tp2_q = input.float (25 , 'Take Profit 2 Quantity Percent' , group = 'Position Managment')
float entry_price = na
float sl = na
float tp1 = na
float tp2 = na
float fixed_tp = na
// 8888888 888b 888 8888888b. 8888888 .d8888b. d8888 88888888888 .d88888b. 8888888b. .d8888b.
// 888 8888b 888 888 "Y88b 888 d88P Y88b d88888 888 d88P" "Y88b 888 Y88b d88P Y88b
// 888 88888b 888 888 888 888 888 888 d88P888 888 888 888 888 888 Y88b.
// 888 888Y88b 888 888 888 888 888 d88P 888 888 888 888 888 d88P "Y888b.
// 888 888 Y88b888 888 888 888 888 d88P 888 888 888 888 8888888P" "Y88b.
// 888 888 Y88888 888 888 888 888 888 d88P 888 888 888 888 888 T88b "888
// 888 888 Y8888 888 .d88P 888 Y88b d88P d8888888888 888 Y88b. .d88P 888 T88b Y88b d88P
// 8888888 888 Y888 8888888P" 8888888 "Y8888P" d88P 888 888 "Y88888P" 888 T88b "Y8888P"
rsi = ta.rsi(close, i_rsi)
emaFast = ta.ema(close, i_emaFast)
emaMed = ta.ema(close, i_emaMed )
emaSlow = ta.ema(close, i_emaSlow)
// --------- // --------- // --------- // --------- // --------- // --------- //
// ATR Supertrend //
// --------- // --------- // --------- // --------- // --------- // --------- //
[atr_supertrend, atr_direction] = ta.supertrend(i_atrFactor, i_atrLen)
upTrend = plot(atr_direction < 0 ? atr_supertrend : na , "Up Trend" , color = color.purple, style=plot.style_linebr)
downTrend = plot(atr_direction < 0 ? na : atr_supertrend, "Down Trend", color = color.navy , style=plot.style_linebr)
// --------- // --------- // --------- // --------- // --------- // --------- //
// ADX //
// --------- // --------- // --------- // --------- // --------- // --------- //
dirmov(len) =>
up = ta.change(high)
down = -ta.change(low)
plusDM = na(up) ? na : (up > down and up > 0 ? up : 0)
minusDM = na(down) ? na : (down > up and down > 0 ? down : 0)
truerange = ta.rma(ta.tr, len)
plus = fixnan(100 * ta.rma(plusDM, len) / truerange)
minus = fixnan(100 * ta.rma(minusDM, len) / truerange)
[plus, minus]
adxx(dilen, adxlen) =>
[plus, minus] = dirmov(dilen)
sum = plus + minus
adx = 100 * ta.rma(math.abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
adx = adxx(i_dilen, i_adxlen)
// --------- // --------- // --------- // --------- // --------- // --------- //
// SQZMOM by LazyBear //
// --------- // --------- // --------- // --------- // --------- // --------- //
length = input(20, title="BB Length")
mult = input(2.0,title="BB MultFactor")
lengthKC = input(20, title="KC Length")
multKC = input(1.5,title="KC MultFactor")
useTrueRange = input.bool(true, title="Use TrueRange (KC)")
// Calculate BB
source = close
basis = ta.sma(source, length)
dev = multKC * ta.stdev(source, length)
upperBB = basis + dev
lowerBB = basis - dev
// Calculate KC
ma = ta.sma(source, lengthKC)
rangex = useTrueRange ? ta.tr : (high - low)
rangema = ta.sma(rangex, lengthKC)
upperKC = ma + rangema * multKC
lowerKC = ma - rangema * multKC
sqzOn = (lowerBB > lowerKC) and (upperBB < upperKC)
sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC)
noSqz = (sqzOn == false) and (sqzOff == false)
val = ta.linreg(source - math.avg(math.avg(ta.highest(high, lengthKC), ta.lowest(low, lengthKC)),ta.sma(close,lengthKC)), lengthKC,0)
bcolor = val > 0 ? (val > nz(val[1]) ? color.lime : color.green) : (val < nz(val[1]) ? color.red : color.maroon)
scolor = noSqz ? color.blue : sqzOn ? color.black : color.gray
// .d8888b. 88888888888 8888888b. d8888 88888888888 8888888888 .d8888b. Y88b d88P
// d88P Y88b 888 888 Y88b d88888 888 888 d88P Y88b Y88b d88P
// Y88b. 888 888 888 d88P888 888 888 888 888 Y88o88P
// "Y888b. 888 888 d88P d88P 888 888 8888888 888 Y888P
// "Y88b. 888 8888888P" d88P 888 888 888 888 88888 888
// "888 888 888 T88b d88P 888 888 888 888 888 888
// Y88b d88P 888 888 T88b d8888888888 888 888 Y88b d88P 888
// "Y8888P" 888 888 T88b d88P 888 888 8888888888 "Y8888P88 888
per_up(pcnt) =>
strategy.position_size != 0 ? math.round(pcnt / 100 * strategy.position_avg_price + strategy.position_avg_price) : float(na)
per_low(pcnt) =>
strategy.position_size != 0 ? math.round((1 - pcnt / 100) * strategy.position_avg_price) : float(na)
longCondition = close > emaSlow and atr_direction < 0 and adx > 30
shortCondition = close < emaSlow and atr_direction > 0 and adx > 30
if strategy.position_size == 0
strategy.entry("Long" , strategy.long , when=longCondition , qty=(i_position_size/100)*i_account *i_leverage)
strategy.entry("Short", strategy.short, when=shortCondition, qty=(i_position_size/100)*i_account *i_leverage)
if strategy.position_size > 0
//SWING LOW/HIGHT STOPLOSS sl := (i_tsl_enable ? ta.lowest(low, i_lookback) : per_low(i_stopLoss))
sl := (i_tsl_enable ? (atr_supertrend) : per_low(i_stopLoss))
fixed_tp := ta.valuewhen(bar_index == strategy.opentrades.entry_bar_index(0), atr_supertrend, 1)
//tp1 := (i_tsl_enable ? (strategy.position_avg_price + i_ATR_RR*(strategy.position_avg_price-fixed_tp)) : per_up(i_tp1))
tp2 := (i_tsl_enable ? (strategy.position_avg_price + i_ATR_RR*(strategy.position_avg_price-fixed_tp)) : per_up(i_tp2))
//strategy.exit("T1_long", qty_percent = i_tp1_q, limit = tp1, stop = sl)
strategy.exit("T2_long", limit = tp2, stop = sl)
if strategy.position_size < 0
sl := (i_tsl_enable ? atr_supertrend : per_low(i_stopLoss))
fixed_tp := ta.valuewhen(bar_index == strategy.opentrades.entry_bar_index(0), atr_supertrend, 1)
tp2 := (i_tsl_enable ? (strategy.position_avg_price + i_ATR_RR*(strategy.position_avg_price-fixed_tp)) : per_up(i_tp1))
//strategy.exit("T1_Short", qty_percent = i_tp1_q, profit = tp1, stop = sl)
strategy.exit("T2_Short", profit = tp2, stop = sl)
// 8888888b. 888 .d88888b. 88888888888 .d8888b.
// 888 Y88b 888 d88P" "Y88b 888 d88P Y88b
// 888 888 888 888 888 888 Y88b.
// 888 d88P 888 888 888 888 "Y888b.
// 8888888P" 888 888 888 888 "Y88b.
// 888 888 888 888 888 "888
// 888 888 Y88b. .d88P 888 Y88b d88P
// 888 88888888 "Y88888P" 888 "Y8888P"
plot(emaSlow, "EMA Slow", color=color.yellow)
//tp1p = plot(tp1 , color = color.green, linewidth = 2, style = plot.style_linebr, title="Take Profit 1")
tp2p = plot(tp2 , color = color.green, linewidth = 2, style = plot.style_linebr, title="Take Profit 2")
ep = plot(strategy.position_avg_price, color = color.white, linewidth = 2, style = plot.style_linebr, title="Entry Price")
sll = plot(sl , color = color.red , linewidth = 2, style = plot.style_linebr, title="Stop Loss")
fill(tp2p, ep, color.new(color.green, transp = 95), fillgaps=false)
fill(sll , ep, color.new(color.red, transp = 95) , fillgaps=false)
//plotshape(longCondition1, "Buy", shape.labelup, location.belowbar, color=color.green, text="Buy", textcolor=color.white)
//bgcolor(emaCrossOver ? color.green : na)
// d8888 888 8888888888 8888888b. 88888888888 .d8888b.
// d88888 888 888 888 Y88b 888 d88P Y88b
// d88P888 888 888 888 888 888 Y88b.
// d88P 888 888 8888888 888 d88P 888 "Y888b.
// d88P 888 888 888 8888888P" 888 "Y88b.
// d88P 888 888 888 888 T88b 888 "888
// d8888888888 888 888 888 T88b 888 Y88b d88P
// d88P 888 88888888 8888888888 888 T88b 888 "Y8888P"
// up = emaFast > emaMed > emaSlow
// alertconditoin(up,"We are up", alert.freq_once_per_bar)
// strategyEntry(RUNNING, AS, STUDY) => RUNNING=='false' ? false : false
// strategyClose(ALERTS, NOT_STRATEGY) => ALERTS== 'false' ? false : false
// isStrategy = false, isStudy = true
// plotchar(direction, "Direction", "", location.top, size = size.tiny)
// 888888b. d8888 .d8888b. 888 d8P 88888888888 8888888888 .d8888b. 88888888888 8888888888 8888888b.
// 888 "88b d88888 d88P Y88b 888 d8P 888 888 d88P Y88b 888 888 888 Y88b
// 888 .88P d88P888 888 888 888 d8P 888 888 Y88b. 888 888 888 888
// 8888888K. d88P 888 888 888d88K 888 8888888 "Y888b. 888 8888888 888 d88P
// 888 "Y88b d88P 888 888 8888888b 888 888 "Y88b. 888 888 8888888P"
// 888 888 d88P 888 888 888 888 Y88b 888 888 "888 888 888 888 T88b
// 888 d88P d8888888888 Y88b d88P 888 Y88b 888 888 Y88b d88P 888 888 888 T88b
// 8888888P" d88P 888 "Y8888P" 888 Y88b 888 8888888888 "Y8888P" 888 8888888888 888 T88b
float totalTrades = strategy.closedtrades
float winrate = (strategy.wintrades / strategy.closedtrades) * 100
var table tbl = table.new(position.top_right, 1, 6, border_width = 3)
f_fillCell(_tbl, _column, _row, _text, _bgcolor, _textcolor) =>
table.cell(_tbl, _column, _row, _text, bgcolor = _bgcolor, text_color = _textcolor)
if barstate.islastconfirmedhistory
color bgcolor = color.new(color.gray, 80)
color textcolor = color.gray
f_fillCell(tbl, 0, 0, str.format("Total Trades\n{0,number,integer}", totalTrades), bgcolor, textcolor)
f_fillCell(tbl, 0, 1, str.format("Win Rate\n{0,number,#.##}%", winrate), bgcolor, textcolor)
f_fillCell(tbl, 0, 2, str.format("Return of Investment\n{0,number,#.##}%", 0), bgcolor, textcolor)
f_fillCell(tbl, 0, 3, str.format("Risk of Ruin\n{0,number,#.##}%", 0), bgcolor, textcolor)
f_fillCell(tbl, 0, 4, str.format("Kelly Criterion\n{0,number,#.##}%", 0), bgcolor, textcolor)
// f_fillCell(tbl, 0, 5, str.format("Start Time\n{0,date,yyyy/MM/dd hh:mm:ss}", i_startTime), bgcolor, textcolor)
Overview
Strategy Template incorporates position management options such as account leverage, percentage-based position sizing, ATR trailing stop losses, local high or low stop losses, and multiple take profit levels. The script serves as a foundational setup for custom trading rules, alerts, and risk parameters. Notable limits include a lack of predefined entry logic by default since it is structured as a template.
- Basic indicators setup
- ATR trailing stop loss
- Multiple take profits
- Position sizing and leverage
Details
Published by
f4bra on GitHub
Code credit
Carlovy, as written in the script's header
Type
Draws
On the price chart
Markets
Any symbol
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.
File
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA Fast | int | 9 | i_emaFast |
| EMA Medium | int | 55 | i_emaMed |
| EMA Slow | int | 200 | i_emaSlow |
| RSI Close | int | 14 | i_rsi |
| ADX diLength | int | 14 | i_adxlen |
| ADX Smoothing | int | 14 | i_dilen |
| Enable ATR Trailing StopLoss Strategy? | bool | true | i_tsl_enable |
| ATR Length | int | 14 | i_atrLen |
| ATR Factor | int | 2 | i_atrFactor |
| ATR R:R ratio | int | 2 | i_ATR_RR |
| How far to look back for High/Lows | int | 7 | i_lookback |
| Total Account | int | 100 | i_account |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| % Position Size from Total Account | int | 10 | i_position_size |
| Leverage | int | 2 | i_leverage |
| StopLoss | int | 1 | i_stopLoss |
| Enable Local High/Low Stop Loss | bool | false | i_localsl |
| Enable Multiple Take Profits | bool | true | i_multiTP |
| Take Profit 1 | float | 1 | i_tp1 |
| Take Profit 2 | float | 1.2 | i_tp2 |
| Take Profit 1 Quantity Percent | float | 50 | i_tp1_q |
| Take Profit 2 Quantity Percent | float | 25 | i_tp2_q |
| BB Length | int | 20 | length |
| BB MultFactor | float | 2.0 | mult |
| KC Length | int | 20 | lengthKC |
| KC MultFactor | float | 1.5 | multKC |
| Use TrueRange (KC) | bool | true | useTrueRange |
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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