A long-only strategy built on two TRAMA adaptive averages, a short one of 20 bars and a long one of 50 bars, each with its own source and optional timeframe.
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
77 lines of Pine Script v6 from TRAMA_Cloud.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
TRAMA_Cloud.pine
//@version=6
strategy("TRAMA Cloud [SIGIL]", overlay=true, default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=2, process_orders_on_close=true)
// ===== INPUT PARAMETERS =====
// Short TRAMA Settings
short_trama_length = input.int(20, "Short TRAMA Length", minval=1, group="Short TRAMA")
short_trama_source = input.source(close, "Short TRAMA Source", group="Short TRAMA")
short_trama_timeframe = input.timeframe("", "Short TRAMA Timeframe", tooltip="Leave blank to use chart timeframe", group="Short TRAMA")
// Long TRAMA Settings
long_trama_length = input.int(50, "Long TRAMA Length", minval=1, group="Long TRAMA")
long_trama_source = input.source(close, "Long TRAMA Source", group="Long TRAMA")
long_trama_timeframe = input.timeframe("", "Long TRAMA Timeframe", tooltip="Leave blank to use chart timeframe", group="Long TRAMA")
// ===== HELPER FUNCTIONS =====
// TRAMA CALCULATION FUNCTION
trama_calc(src, length) =>
var float ama = na
hh = math.max(math.sign(ta.change(ta.highest(length))), 0)
ll = math.max(math.sign(ta.change(ta.lowest(length)) * -1), 0)
tc = math.pow(ta.sma((hh + ll) > 0 ? 1 : 0, length), 2)
ama := nz(ama[1] + tc * (src - ama[1]), src)
ama
// Helper function to get source data from timeframe
get_tf_source(src, tf) =>
tf == "" ? src : request.security(syminfo.tickerid, tf, src)
// ===== INDICATOR CALCULATIONS =====
// Get Short TRAMA data
short_trama_src = get_tf_source(short_trama_source, short_trama_timeframe)
short_trama = trama_calc(short_trama_src, short_trama_length)
// Get Long TRAMA data
long_trama_src = get_tf_source(long_trama_source, long_trama_timeframe)
long_trama = trama_calc(long_trama_src, long_trama_length)
// ===== PLOTTING =====
// Plot Short TRAMA (Green)
plot(short_trama, "Short TRAMA", color=color.new(color.green, 0), linewidth=2)
// Plot Long TRAMA (Red)
plot(long_trama, "Long TRAMA", color=color.new(color.red, 0), linewidth=2)
// ===== STRATEGY LOGIC =====
// Entry Condition 1: Price crosses above short TRAMA while short TRAMA is below long TRAMA
entry_price_cross = ta.crossover(close, short_trama) and short_trama < long_trama
// Entry Condition 2: Short TRAMA crosses above long TRAMA
entry_trama_cross = ta.crossover(short_trama, long_trama)
// Exit Condition 1: Price crosses below long TRAMA
exit_price_cross = ta.crossunder(close, long_trama)
// Exit Condition 2: Short TRAMA crosses below long TRAMA
exit_trama_cross = ta.crossunder(short_trama, long_trama)
// Execute Entry 1 (Price cross)
if entry_price_cross
strategy.entry("Long Price", strategy.long, qty=1)
// Execute Entry 2 (TRAMA cross)
if entry_trama_cross
strategy.entry("Long TRAMA", strategy.long, qty=1)
// Execute Exit 1 (Price cross below long TRAMA)
if exit_price_cross and strategy.position_size > 0
strategy.close("Long Price", qty=1)
// Execute Exit 2 (Short TRAMA crosses below long TRAMA)
if exit_trama_cross and strategy.position_size > 0
strategy.close("Long TRAMA", qty=1)
Overview
TRAMA Cloud SIGIL buys when price crosses above the short average while that average is below the long one, or when the short average crosses above the long one. It closes when price crosses under the long average or the short crosses under the long. There is no stop loss.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Short TRAMA Length
int
20
short_trama_length
Short TRAMA Source
source
close
short_trama_source
Short TRAMA Timeframe
timeframe
short_trama_timeframe
Long TRAMA Length
int
50
long_trama_length
Long TRAMA Source
source
close
long_trama_source
Long TRAMA Timeframe
timeframe
long_trama_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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