Unified Trade Strategy: 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

Unified Trade Strategy goes long when price breaks above a Nadaraya-Watson envelope band, the fast EMA is above the slow EMA, the trend channel slopes up and RSI is in a bullish rising band; shorts mirror this. Direction can be limited to long or short, and a date range applies. Optional percentage stop loss, take profit and trailing stop are all off by default. It sizes at 10 percent of equity and includes commission and slippage settings.

Envelope, EMA, trend slope and RSI entry rules
Optional stop loss, take profit and trailing stop
Long, short or both directions
Date range filter
Percent of equity sizing with commission

Details

Published by

ashishgkwd on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Stocks

Timeframes

H4 and above

Risk Notes

The strategy enters trades without a stop loss

File

indicators/unified-trade-strategy.pine

Repository

github.com/ashishgkwd/trade-signal. 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
Bandwidth	`float`	`8.0`	`nwe_h`
Multiplier	`float`	`3.0`	`nwe_mult`
Source	`source`	`close`	`nwe_src`
Fast EMA Period	`int`	`13`	`ema_fast`
Slow EMA Period	`int`	`48`	`ema_slow`
Deviation Multiplier	`float`	`2.0`	`atf_mult`
Lookback Period	`int`	`100`	`atf_period`
Include RSI in Signal	`bool`	`true`	`use_rsi`
RSI Period	`int`	`14`	`rsi_len`
Bullish Zone Lower Bound	`int`	`30`	`rsi_lo`
Bullish Zone Upper Bound	`int`	`40`	`rsi_hi`
Bearish Zone Lower Bound	`int`	`60`	`rsi_bear_lo`

Show all 29 settings

Setting	Type	Default	Variable
Bearish Zone Upper Bound	`int`	`70`	`rsi_bear_hi`
RSI Trend Lookback (bars)	`int`	`3`	`rsi_lookback`
Show NWE Bands	`bool`	`false`	`show_nwe`
Show EMAs	`bool`	`false`	`show_ema`
Show BUY/SELL Labels	`bool`	`true`	`show_signal_labels`
Show NWE Signals	`bool`	`false`	`show_nwe_signals`
Show EMA Signals	`bool`	`false`	`show_ema_signals`
Show ATF Signals	`bool`	`false`	`show_atf_signals`
Trade Direction	`string`	`Both`	`trade_dir`
Use Stop-Loss	`bool`	`false`	`use_sl`
Stop-Loss %	`float`	`5.0`	`sl_pct`
Use Take-Profit	`bool`	`false`	`use_tp`
Take-Profit %	`float`	`10.0`	`tp_pct`
Use Trailing Stop	`bool`	`false`	`use_trail`
Trail Offset %	`float`	`3.0`	`trail_pct`
Start Date	`time`	`timestamp("01 Jan 2020 00:00")`	`start_date`
End Date	`time`	`timestamp("31 Dec 2170 23:59")`	`end_date`

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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