Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s
Strategy · Pine Script v5 · On the chart
Trailing Stop Strategy
This strategy enters long positions when the fast SMA of 10 periods crosses above the slow SMA of 30 periods.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code37
Settings3inputs
LicenceApache-2.0
Last update2 years ago4 Aug 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
37 lines of Pine Script v5 from src/strategy/stop-loss.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// SMA Crossover Trailing Stop Loss Strategy
//
// Long Buy trigger:
// - Short SMA, Long SMA crossover
//
// Input configuration
// - trailingStopPercentInput: Trailing stop percentage, minimum 0.1%, increments of 0.1%
// - fastLengthInput: 10; number of periods for the source fast moving average
// - slowLengthInput: 30; number of periods for the source slow moving average
//@version=5
strategy("Trailing Stop Strategy", overlay=true)
// Constants
string LONG_POSITION = "Long"
// Input parameters
float trailingStopPercentInput = input.float(1.5, title="Trailing Stop Percentage", minval=0.1, step=0.1)
int fastLengthInput = input.int(10, minval=1, title="Fast Length")
int slowLengthInput = input.int(30, minval=1, title="Slow Length")
// Calculate the stop price by applying the inverse percentage to the price
float trailingStop = strategy.position_avg_price * (1 - trailingStopPercentInput / 100)
// Long entry: shortMA crosses from under to over the longMA
longEntrySignal() =>
float fastMA = ta.sma(close, fastLengthInput)
float slowMA = ta.sma(close, slowLengthInput)
ta.crossover(fastMA, slowMA)
// On signal, enter a long position
if (longEntrySignal())
strategy.entry(LONG_POSITION, strategy.long)
// When long position, create an exit using the trailing stop
if (strategy.position_size > 0)
strategy.exit("Trailing Stop", from_entry=LONG_POSITION, trail_price=trailingStop, trail_offset=na)
Overview
Trailing Stop Strategy calculates the trailing stop price as the position average price multiplied by one minus the trailing stop percentage divided by 100. The strategy exits long positions using a trailing stop mechanism that dynamically adjusts the stop price based on the trailing stop setting. The main inputs allow users to change the trailing stop percentage, fast length, and slow length values. The strategy draws its signals and plots directly on the price chart.
- Trailing Stop
- SMA Crossover
- Long Entry
- Fast SMA
- Slow SMA
Details
Published by
CjHare on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages
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.
Topics
pinescript-indicatorspinescript-strategies
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trailing Stop Percentage | float | 1.5 | trailingStopPercentInput |
| Fast Length | int | 10 | fastLengthInput |
| Slow Length | int | 30 | slowLengthInput |
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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