This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v4 · On the chart
Vegas Tunnel strategy
This strategy plots a Vegas-style exponential moving average tunnel on the price chart, plus a 12-period EMA, a 240-period SMA, and Bollinger Bands.
Repaints
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code120
Settings14inputs
LicenceNone stated
Last update1 year ago17 Jan 2025
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
Vegas Tunnel strategy also computes a MACD difference from 48- and 56-period EMAs. Long entries open on tunnel-average crosses or when price crosses a mid tunnel average, filtered by a positive MACD and a date window. Positions close on further average crosses or when the MACD turns negative. There is no stop loss, and pyramiding allows stacked longs. Averages may use the chart timeframe or a custom one.
- Vegas EMA tunnel with colored fills
- Bollinger Bands on the price chart
- MACD difference as a long filter
- Configurable backtest date range
- Optional higher-timeframe EMA and SMA
Details
Published by
zhuzp98 on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands, Oscillators & momentum
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use Current Chart Resolution? | bool | true | useCurrentRes |
| Use Different Timeframe? Uncheck Box Above | timeframe | D | resCustom |
| 12 EMA | int | 12 | maPeriods2 |
| 240 SMA | int | 240 | maPeriods6 |
| BB Length | int | 20 | BBlength |
| BB Source | source | close | BBsrc |
| BB StdDev | float | 2.0 | mult |
| BB Offset | int | 0 | offset |
| Start Date | int | 1 | startDate |
| Start Month | int | 1 | startMonth |
| Start Year | int | 2018 | startYear |
| End Date | int | 1 | endDate |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| End Month | int | 11 | endMonth |
| End Year | int | 2030 | endYear |
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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