Surfr 5-Minute Variant: Free TradingView Strategy (Pine Script)

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

96 lines of Pine Script v5 from strategies/trippleX.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

trippleX.pine

// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © djdrob

//@version=5
strategy('Surfr', overlay=true)
import djdrob/TrendChecker/1

_sma = input.int(50, title="SMA")
goLong = input.bool(true, title="Go Long")
goShort = input.bool(true, title="Go Short")
maxRisk = input.int(5, title="Max Risk in points")

timeframe = input.timeframe("5", title="What bigger timeframe do you want to trade with?")

sma = ta.sma(close, _sma)
sma_89 = ta.sma(close, 89)
atr = ta.atr(20)
plot(sma, color=color.orange, title = "SMA")
plot(ta.sma(close, 89), color=color.rgb(0, 98, 255), title = "SMA 89")

[middle, upper, lower] = ta.bb(close, 20, 2)
plot(upper, color=color.rgb(4, 0, 255), title="upper")
plot(middle, color=color.rgb(4, 0, 255), title="middle")
plot(lower, color=color.rgb(4, 0, 255), title="lower")

setRSI() =>
    rsi1 = ta.rsi(close, 15)
    kRed = ta.sma(ta.stoch(rsi1, rsi1, rsi1, 20), 4)
    dGreen = ta.sma(kRed, 4)
    [kRed, dGreen]

setMACD() =>
    fast_ma = ta.ema(close, 12)
    slow_ma = ta.ema(close, 26)
    macd = fast_ma - slow_ma
    signal = ta.ema(macd, 9)
    hist = macd - signal
    [macd, signal]

checkMACDCrossing() =>
    [macd, signal] = setMACD()
    result = macd > signal ? true : false
    result

[rsiRed, rsiGreen] = request.security(syminfo.tickerid, timeframe, setRSI())
[macdRed, macdGreen] = request.security(syminfo.tickerid, timeframe, setMACD())

var float entryPrice = na
stopPriceLong = ta.lowest(1) - atr
stopPriceShort = ta.highest(1) + atr
[red, green] = setRSI()
exitLong = ta.crossover(green, red) and red > 60
exitShort = ta.crossover(red, green) and red < 40

bullishWave() =>
    prevCandleBearish = close[1] < sma
    isCloseBullish = close > sma
    checkRisk = (close - stopPriceLong) <= maxRisk
    rsiCondition = red > green
    bigs = (rsiRed > rsiGreen) or (macdRed > macdGreen)
    bullishWave = prevCandleBearish and isCloseBullish and strategy.position_size == 0 and checkRisk and rsiCondition and bigs
    bullishWave

bearishWave() =>
    prevCandleBullish = close[1] > sma
    isCloseBearish = close < sma
    checkRisk = (stopPriceShort - close) <= maxRisk
    rsiCondition = red < green
    bigs = (rsiRed < rsiGreen) or (macdRed < macdGreen)
    bullishWave = prevCandleBullish and isCloseBearish and checkRisk and rsiCondition and strategy.position_size == 0 and bigs
    bullishWave

trender_ridr_strategy() =>
    [bullishWave(), bearishWave()]

[buy, sell] = trender_ridr_strategy()

if buy and goLong
    strategy.entry("Go Long", strategy.long)
    strategy.exit("Stop Loss", stop=stopPriceLong)

if sell and goShort
    strategy.entry('goshort', strategy.short)
    strategy.exit("Stop Loss", stop=stopPriceShort)

if (strategy.position_size > 0)
    if (close <= sma and close > (strategy.position_avg_price + 3))//exit !
        strategy.close_all('exit long')
    else if (exitLong)
        strategy.close_all('exit long RSI crossing')

if (strategy.position_size < 0)
    if (close >= sma and close <= strategy.position_avg_price - 3) // exit!
        strategy.close_all('exit short')
    else if (exitShort)
        strategy.close_all('exit short RSI crossing')

Overview

A confirmation timeframe, 5 minutes by default, supplies RSI and MACD agreement. The stop sits one ATR beyond the latest bar extreme. Exits use a moving average cross with a minimum point gain or a Stochastic RSI cross. Long and short can be switched off.

Moving average cross entries
Higher-timeframe RSI and MACD confirmation
ATR-based stop with maximum risk in points
Exit on average cross or Stochastic RSI cross

Details

Published by

RobACurtis on GitHub

Code credit

djdrob, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

M1-M5

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

strategies/trippleX.pine

Repository

github.com/RobACurtis/pinescript. See its other scripts in the library

Topics

pinescripttradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
SMA	`int`	`50`	`_sma`
Go Long	`bool`	`true`	`goLong`
Go Short	`bool`	`true`	`goShort`
Max Risk in points	`int`	`5`	`maxRisk`
What bigger timeframe do you want to trade with?	`timeframe`	`5`	`timeframe`

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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Surfr 5-Minute Variant