UABMACD: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

UABMACD calculates WT1 and WT2 lines along with their cross signals and color-coded entries on a separate pane. Bollinger Bands and Keltner Channels detect squeeze periods for additional momentum confirmation. A momentum filter optionally restricts signals. Long and short conditions trigger on crossovers and squeeze states. Inputs adjust channel lengths, band multipliers, overbought and oversold levels, and momentum thresholds. No exit rules or stop loss are defined by default.

WaveTrend Oscillator
Squeeze Momentum
Bollinger Bands
Keltner Channels
Momentum Filter

Details

Published by

avatar-lavventura on GitHub

Type

Strategy, Pine Script v4

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

pine/work/d.pine

Repository

github.com/avatar-lavventura/trade_bot. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
Backtest Start Year	`int`	`2021`	`fromYear`
Backtest Start Month	`int`	`3`	`fromMonth`
Backtest Start Day	`int`	`1`	`fromDay`
Backtest Stop Year	`int`	`2021`	`thruYear`
Backtest Stop Month	`int`	`12`	`thruMonth`
Backtest Stop Day	`int`	`30`	`thruDay`
Channel Length	`int`	`9`	`n1`
Average Length	`int`	`20`	`n2`
Over Bought Level 1	`int`	`70`	`obLevel1`
Over Bought Level 2	`int`	`53`	`obLevel2`
Over Sold Level 1	`int`	`-70`	`osLevel1`
Over Sold Level 2	`int`	`-53`	`osLevel2`

Show all 20 settings

Setting	Type	Default	Variable
BB Length	`int`	`12`	`length`
BB MultFactor	`float`	`2.0`	`mult`
KC Length	`int`	`16`	`lengthKC`
KC MultFactor	`float`	`1.5`	`mult_kc`
Filter for Momenutum value	`bool`	`false`	`useMomAverage`
Min for momentum	`int`	`20`	`MomentumMin`
Length Fast RSI	`int`	`5`	`len_fast`
Length Slow RSI	`int`	`14`	`len_slow`

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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