Parabolic RSI Strategy + MA Filter + TP/SL 【PakunFX】🧠 Parabolic RSI Strategy + MA Filter + TP/SL【PakunFX】
This strategy combines a **custom Parabolic SAR applied to the RSI** (momentum-based trend reversal detection) with a **price-based moving average filter** to create a clear and responsive trend-following system.
Additionally, it **automatically draws Take Profit (TP) and Stop Loss (SL) levels** on the chart based on a fixed risk-reward ratio, providing visual risk clarity and supporting consistent trade planning.
---
## 🔍 What This Script Does
**RSI-Based Trend Detection:**
A custom Parabolic SAR is applied to RSI rather than price, enabling detection of **momentum reversals** instead of just price swings.
**MA Directional Filter:**
Entries are filtered by a moving average (EMA or SMA). The strategy only allows trades **in the direction of the trend**—longs above the MA, shorts below.
**Auto-Drawn TP/SL Levels:**
Each trade includes auto-calculated TP and SL lines using a configurable risk-reward ratio (e.g., 2.0), helping traders maintain consistency and discipline.
**Clear Entry Triggers:**
Positions are opened **when the RSI-based Parabolic SAR flips direction**, but only if the price is on the correct side of the MA filter.
→ This ensures trades are made **at the moment of momentum shift**, but only **in the direction of the dominant trend**.
---
## 🧮 Core Logic Breakdown
✅ Entry Conditions
**Long Entry:**
RSI-based SAR flips below the RSI (bullish signal) **and** price is **above** the moving average.
**Short Entry:**
RSI-based SAR flips above the RSI (bearish signal) **and** price is **below** the moving average.
✅ Exit Conditions (Position Reversal)
When an opposite signal occurs, the current position is **closed immediately**, and a new one is **opened in the opposite direction**.
✅ TP / SL Setup
- SL is placed at a **virtual buffer distance** (e.g., 100 pips from entry).
- TP is calculated using the **risk-reward ratio** (e.g., 2.0 → TP at 200 pips if SL = 100).
→ Delivers consistent, risk-defined trades.
---
## 💰 Risk Management Parameters
**Asset / Timeframe:** Any (Backtested on 10-minute chart)
**Account Size (Virtual):** $3,000
**Commission:** 0.02% per trade
**Slippage Buffer:** Equivalent to 100 pips
**Risk Per Trade:** Approximately 5% of account balance
**Number of Trades (Backtest Period):** 125 trades
---
## 📈 Recommended Usage
**Timeframes:** 5m to 30m (scalping to intraday)
**Market Conditions:** Best in trending markets; responsive even in mild ranges
**Assets:** Forex pairs, Gold, WTI Crude, Indexes with volatility
**Discretionary Support:** Visual TP/SL allows for **pre-planned trades** and avoids impulsive decisions
---
## ⚠️ Notes & Considerations
Positions are reversed on opposite signals (no simultaneous longs & shorts).
Backtests do not include broker-specific execution factors—adjust for slippage and spreads if needed.
Strategy is **originally developed**, inspired by “ChartPrime's RSI Parabolic SAR” idea, but fully standalone.
---
## 🖼 Chart Visuals & Features
**MA Line (orange):** Shows trend direction
**TP Line (green dashed):** Take Profit visualization
**SL Line (red dashed):** Stop Loss boundary
**RSI-SAR Flip Points:** Highlight entry timing visually
---
## ✅ Summary
Parabolic RSI Strategy + MA Filter + TP/SL【PakunFX】 is a
“Momentum Detection × Trend Filtering × Exit Visualization” strategy designed for consistent, visually guided decision-making.
With clearly structured logic and visual aids, it serves both discretionary and systematic traders looking for a **momentum-aligned, risk-controlled approach**.
Strategytesting
is_strategyCorrection-Adaptive Trend Strategy (Open-Source)
Core Advantage: Designed specifically for the is_correction indicator, with full transparency and customization options.
Key Features:
Open-Source Code:
✅ Full access to the strategy logic – study how every trade signal is generated.
✅ Freedom to customize – modify entry/exit rules, risk parameters, or add new indicators.
✅ No black boxes – understand and trust every decision the strategy makes.
Built for is_correction:
Filters out false signals during market noise.
Works only in confirmed trends (is_correction = false).
Adaptable for Your Needs:
Change Take Profit/Stop Loss ratios directly in the code.
Add alerts, notifications, or integrate with other tools (e.g., Volume Profile).
For Developers/Traders:
Use the code as a template for your own strategies.
Test modifications risk-free on historical data.
How the Strategy Works:
Main Goal:
Automatically buys when the price starts rising and sells when it starts falling, but only during confirmed trends (ignoring temporary pullbacks).
What You See on the Chart:
📈 Up arrows ▼ (below the candle) = Buy signal.
📉 Down arrows ▲ (above the candle) = Sell signal.
Gray background = Market is in a correction (no trades).
Key Mechanics:
Buy Condition:
Price closes higher than the previous candle + is_correction confirms the main trend (not a pullback).
Example: Red candle → green candle → ▼ arrow → buy.
Sell Condition:
Price closes lower than the previous candle + is_correction confirms the trend (optional: turn off short-selling in settings).
Exit Rules:
Closes trades automatically at:
+0.5% profit (adjustable in settings).
-0.5% loss (adjustable).
Or if a reverse signal appears (e.g., sell signal after a buy).
User-Friendly Settings:
Sell – On (default: ON):
ON → Allows short-selling (selling when price falls).
OFF → Strategy only buys and closes positions.
Revers (default: OFF):
ON → Inverts signals (▼ = sell, ▲ = buy).
%Profit & %Loss:
Adjust these values (0-30%) to increase/decrease profit targets and risk.
Example Scenario:
Buy Signal:
Price rises for 3 days → green ▼ arrow → strategy buys.
Stop loss set 0.5% below entry price.
If price keeps rising → trade closes at +0.5% profit.
Correction Phase:
After a rally, price drops for 1 day → gray background → strategy ignores the drop (no action).
Stop Loss Trigger:
If price drops 0.5% from entry → trade closes automatically.
Key Features:
Correction Filter (is_correction):
Acts as a “noise filter” → avoids trades during temporary pullbacks.
Flexibility:
Disable short-selling, flip signals, or tweak profit/loss levels in seconds.
Transparency:
Open-source code → see exactly how every signal is generated (click “Source” in TradingView).
Tips for Beginners:
Test First:
Run the strategy on historical data (click the “Chart” icon in TradingView).
See how it performed in the past.
Customize It:
Increase %Profit to 2-3% for volatile assets like crypto.
Turn off Sell – On if short-selling confuses you.
Trust the Stop Loss:
Even if you think the price will rebound, the strategy will close at -0.5% to protect your capital.
Where to Find Settings:
Click the strategy name on the top-left of your chart → adjust sliders/toggles in the menu.
Русская Версия
Трендовая стратегия с открытым кодом
Главное преимущество: Полная прозрачность логики и адаптация под ваши нужды.
Особенности:
Открытый исходный код:
✅ Видите всю «кухню» стратегии – как формируются сигналы, когда открываются сделки.
✅ Меняйте правила – корректируйте тейк-профит, стоп-лосс или добавляйте новые условия.
✅ Никаких секретов – вы контролируете каждое правило.
Заточка под is_correction:
Игнорирует ложные сигналы в коррекциях.
Работает только в сильных трендах (is_correction = false).
Гибкая настройка:
Подстройте параметры под свой риск-менеджмент.
Добавьте свои индикаторы или условия для входа.
Для трейдеров и разработчиков:
Используйте код как основу для своих стратегий.
Тестируйте изменения на истории перед реальной торговлей.
Простыми словами:
Почему это удобно:
Открытый код = полный контроль. Вы можете:
Увидеть, как именно стратегия решает купить или продать.
Изменить правила закрытия сделок (например, поставить TP=2% вместо 1.5%).
Добавить новые условия (например, торговать только при высоком объёме).
Примеры кастомизации:
Новички: Меняйте только TP/SL в настройках (без кодинга).
Продвинутые: Добавьте RSI-фильтр, чтобы избегать перекупленности.
Разработчики: Встройте стратегию в свою торговую систему.
Как начать:
Скачайте код из TradingView.
Изучите логику в разделе strategy.entry/exit.
Меняйте параметры в блоке input.* (безопасно!).
Тестируйте изменения и оптимизируйте под свои цели.
Как работает стратегия:
Главная задача:
Автоматически покупает, когда цена начинает расти, и продаёт, когда падает. Но делает это «умно» — только когда рынок в основном тренде, а не во временном откате (коррекции).
Что видно на графике:
📈 Стрелки вверх ▼ (под свечой) — сигнал на покупку.
📉 Стрелки вниз ▲ (над свечой) — сигнал на продажу.
Серый фон — рынок в коррекции (не торгуем).
Как это работает:
Когда покупаем:
Если цена закрылась выше предыдущей и индикатор is_correction показывает «основной тренд» (не коррекция).
Пример: Была красная свеча → стала зелёная → появилась стрелка ▼ → покупаем.
Когда продаём:
Если цена закрылась ниже предыдущей и is_correction подтверждает тренд (опционально, можно отключить в настройках).
Когда закрываем сделку:
Автоматически при достижении:
+0.5% прибыли (можно изменить в настройках).
-0.5% убытка (можно изменить).
Или если появился противоположный сигнал (например, после покупки пришла стрелка продажи).
Настройки для чайников:
«Sell – On» (включено по умолчанию):
Если включено → стратегия будет продавать в шорт.
Если выключено → только покупки и закрытие позиций.
«Revers» (выключено по умолчанию):
Если включить → стратегия будет работать наоборот (стрелки ▼ = продажа, ▲ = покупка).
«%Profit» и «%Loss»:
Меняйте эти цифры (от 0 до 30), чтобы увеличить/уменьшить прибыль и риски.
Пример работы:
Сигнал на покупку:
Цена 3 дня растет → появляется зелёная стрелка ▼ → стратегия покупает.
Стоп-лосс ставится на 0.5% ниже цены входа.
Если цена продолжает расти → сделка закрывается при +0.5% прибыли.
Коррекция:
После роста цена падает на 1 день → фон становится серым → стратегия игнорирует это падение (не закрывает сделку).
Стоп-лосс:
Если цена упала на 0.5% от точки входа → сделка закрывается автоматически.
Важные особенности:
Фильтр коррекций (is_correction):
Это «защита от шума» — стратегия не реагирует на мелкие откаты, работая только в сильных трендах.
Гибкие настройки:
Можно запретить шорты, перевернуть сигналы или изменить уровни прибыли/убытка за 2 клика.
Прозрачность:
Весь код открыт → вы можете увидеть, как формируется каждый сигнал (меню «Исходник» в TradingView).
Советы для новичков:
Начните с теста:
Запустите стратегию на исторических данных (кнопка «Свеча» в окне TradingView).
Посмотрите, как она работала в прошлом.
Настройте под себя:
Увеличьте %Profit до 2-3%, если торгуете валюты.
Отключите «Sell – On», если не понимаете шорты.
Доверяйте стоп-лоссу:
Даже если кажется, что цена развернётся — стратегия закроет сделку при -0.5%, защитив ваш депозит.
Где найти настройки:
Кликните на название стратегии в верхнем левом углу графика → откроется меню с ползунками и переключателями.
Важно: Стратегия предоставляет «рыбу» – чтобы она стала «уловистой», адаптируйте её под свой стиль торговли!
Ensemble Alerts█ OVERVIEW
This indicator creates highly customizable alert conditions and messages by combining several technical conditions into groups , which users can specify directly from the "Settings/Inputs" tab. It offers a flexible framework for building and testing complex alert conditions without requiring code modifications for each adjustment.
█ CONCEPTS
Ensemble analysis
Ensemble analysis is a form of data analysis that combines several "weaker" models to produce a potentially more robust model. In a trading context, one of the most prevalent forms of ensemble analysis is the aggregation (grouping) of several indicators to derive market insights and reinforce trading decisions. With this analysis, traders typically inspect multiple indicators, signaling trade actions when specific conditions or groups of conditions align.
Simplifying ensemble creation
Combining indicators into one or more ensembles can be challenging, especially for users without programming knowledge. It usually involves writing custom scripts to aggregate the indicators and trigger trading alerts based on the confluence of specific conditions. Making such scripts customizable via inputs poses an additional challenge, as it often involves complicated input menus and conditional logic.
This indicator addresses these challenges by providing a simple, flexible input menu where users can easily define alert criteria by listing groups of conditions from various technical indicators in simple text boxes . With this script, you can create complex alert conditions intuitively from the "Settings/Inputs" tab without ever writing or modifying a single line of code. This framework makes advanced alert setups more accessible to non-coders. Additionally, it can help Pine programmers save time and effort when testing various condition combinations.
█ FEATURES
Configurable alert direction
The "Direction" dropdown at the top of the "Settings/Inputs" tab specifies the allowed direction for the alert conditions. There are four possible options:
• Up only : The indicator only evaluates upward conditions.
• Down only : The indicator only evaluates downward conditions.
• Up and down (default): The indicator evaluates upward and downward conditions, creating alert triggers for both.
• Alternating : The indicator prevents alert triggers for consecutive conditions in the same direction. An upward condition must be the first occurrence after a downward condition to trigger an alert, and vice versa for downward conditions.
Flexible condition groups
This script features six text inputs where users can define distinct condition groups (ensembles) for their alerts. An alert trigger occurs if all the conditions in at least one group occur.
Each input accepts a comma-separated list of numbers with optional spaces (e.g., "1, 4, 8"). Each listed number, from 1 to 35, corresponds to a specific individual condition. Below are the conditions that the numbers represent:
1 — RSI above/below threshold
2 — RSI below/above threshold
3 — Stoch above/below threshold
4 — Stoch below/above threshold
5 — Stoch K over/under D
6 — Stoch K under/over D
7 — AO above/below threshold
8 — AO below/above threshold
9 — AO rising/falling
10 — AO falling/rising
11 — Supertrend up/down
12 — Supertrend down/up
13 — Close above/below MA
14 — Close below/above MA
15 — Close above/below open
16 — Close below/above open
17 — Close increase/decrease
18 — Close decrease/increase
19 — Close near Donchian top/bottom (Close > (Mid + HH) / 2)
20 — Close near Donchian bottom/top (Close < (Mid + LL) / 2)
21 — New Donchian high/low
22 — New Donchian low/high
23 — Rising volume
24 — Falling volume
25 — Volume above average (Volume > SMA(Volume, 20))
26 — Volume below average (Volume < SMA(Volume, 20))
27 — High body to range ratio (Abs(Close - Open) / (High - Low) > 0.5)
28 — Low body to range ratio (Abs(Close - Open) / (High - Low) < 0.5)
29 — High relative volatility (ATR(7) > ATR(40))
30 — Low relative volatility (ATR(7) < ATR(40))
31 — External condition 1
32 — External condition 2
33 — External condition 3
34 — External condition 4
35 — External condition 5
These constituent conditions fall into three distinct categories:
• Directional pairs : The numbers 1-22 correspond to pairs of opposing upward and downward conditions. For example, if one of the inputs includes "1" in the comma-separated list, that group uses the "RSI above/below threshold" condition pair. In this case, the RSI must be above a high threshold for the group to trigger an upward alert, and the RSI must be below a defined low threshold to trigger a downward alert.
• Non-directional filters : The numbers 23-30 correspond to conditions that do not represent directional information. These conditions act as filters for both upward and downward alerts. Traders often use non-directional conditions to refine trending or mean reversion signals. For instance, if one of the input lists includes "30", that group uses the "Low relative volatility" condition. The group can trigger an upward or downward alert only if the 7-period Average True Range (ATR) is below the 40-period ATR.
• External conditions : The numbers 31-35 correspond to external conditions based on the plots from other indicators on the chart. To set these conditions, use the source inputs in the "External conditions" section near the bottom of the "Settings/Inputs" tab. The external value can represent an upward, downward, or non-directional condition based on the following logic:
▫ Any value above 0 represents an upward condition.
▫ Any value below 0 represents a downward condition.
▫ If the checkbox next to the source input is selected, the condition becomes non-directional . Any group that uses the condition can trigger upward or downward alerts only if the source value is not 0.
To learn more about using plotted values from other indicators, see this article in our Help Center and the Source input section of our Pine Script™ User Manual.
Group markers
Each comma-separated list represents a distinct group , where all the listed conditions must occur to trigger an alert. This script assigns preset markers (names) to each condition group to make the active ensembles easily identifiable in the generated alert messages and labels. The markers assigned to each group use the format "M", where "M" is short for "Marker" and "x" is the group number. The titles of the inputs at the top of the "Settings/Inputs" tab show these markers for convenience.
For upward conditions, the labels and alert messages show group markers with upward triangles (e.g., "M1▲"). For downward conditions, they show markers with downward triangles (e.g., "M1▼").
NOTE: By default, this script populates the "M1" field with a pre-configured list for a mean reversion group ("2,18,24,28"). The other fields are empty. If any "M*" input does not contain a value, the indicator ignores it in the alert calculations.
Custom alert messages
By default, the indicator's alert message text contains the activated markers and their direction as a comma-separated list. Users can override this message for upward or downward alerts with the two text fields at the bottom of the "Settings/Inputs" tab. When the fields are not empty , the alerts use that text instead of the default marker list.
NOTE: This script generates alert triggers, not the alerts themselves. To set up an alert based on this script's conditions, open the "Create Alert" dialog box, then select the "Ensemble Alerts" and "Any alert() function call" options in the "Condition" tabs. See the Alerts FAQ in our Pine Script™ User Manual for more information.
Condition visualization
This script offers organized visualizations of its conditions, allowing users to inspect the behaviors of each condition alongside the specified groups. The key visual features include:
1) Conditional plots
• The indicator plots the history of each individual condition, excluding the external conditions, as circles at different levels. Opposite conditions appear at positive and negative levels with the same absolute value. The plots for each condition show values only on the bars where they occur.
• Each condition's plot is color-coded based on its type. Aqua and orange plots represent opposing directional conditions, and purple plots represent non-directional conditions. The titles of the plots also contain the condition numbers to which they apply.
• The plots in the separate pane can be turned on or off with the "Show plots in pane" checkbox near the top of the "Settings/Inputs" tab. This input only toggles the color-coded circles, which reduces the graphical load. If you deactivate these visuals, you can still inspect each condition from the script's status line and the Data Window.
• As a bonus, the indicator includes "Up alert" and "Down alert" plots in the Data Window, representing the combined upward and downward ensemble alert conditions. These plots are also usable in additional indicator-on-indicator calculations.
2) Dynamic labels
• The indicator draws a label on the main chart pane displaying the activated group markers (e.g., "M1▲") each time an alert condition occurs.
• The labels for upward alerts appear below chart bars. The labels for downward alerts appear above the bars.
NOTE: This indicator can display up to 500 labels because that is the maximum allowed for a single Pine script.
3) Background highlighting
• The indicator can highlight the main chart's background on bars where upward or downward condition groups activate. Use the "Highlight background" inputs in the "Settings/Inputs" tab to enable these highlights and customize their colors.
• Unlike the dynamic labels, these background highlights are available for all chart bars, irrespective of the number of condition occurrences.
█ NOTES
• This script uses Pine Script™ v6, the latest version of TradingView's programming language. See the Release notes and Migration guide to learn what's new in v6 and how to convert your scripts to this version.
• This script imports our new Alerts library, which features functions that provide high-level simplicity for working with complex compound conditions and alerts. We used the library's `compoundAlertMessage()` function in this indicator. It evaluates items from "bool" arrays in groups specified by an array of strings containing comma-separated index lists , returning a tuple of "string" values containing the marker of each activated group.
• The script imports the latest version of the ta library to calculate several technical indicators not included in the built-in `ta.*` namespace, including Double Exponential Moving Average (DEMA), Triple Exponential Moving Average (TEMA), Fractal Adaptive Moving Average (FRAMA), Tilson T3, Awesome Oscillator (AO), Full Stochastic (%K and %D), SuperTrend, and Donchian Channels.
• The script uses the `force_overlay` parameter in the label.new() and bgcolor() calls to display the drawings and background colors in the main chart pane.
• The plots and hlines use the available `display.*` constants to determine whether the visuals appear in the separate pane.
Look first. Then leap.
Gold Friday Anomaly StrategyThis script implements the " Gold Friday Anomaly Strategy ," a well-known historical trading strategy that leverages the gold market's behavior from Thursday evening to Friday close. It is a backtesting-focused strategy designed to assess the historical performance of this pattern. Traders use this anomaly as it captures a recurring market tendency observed over the years.
What It Does:
Entry Condition: The strategy enters a long position at the beginning of the Friday trading session (Thursday evening close) within the defined backtesting period.
Exit Condition: Friday evening close.
Backtesting Controls: Allows users to set custom backtesting periods to evaluate strategy performance over specific date ranges.
Key Features:
Custom Backtest Periods: Easily configurable inputs to set the start and end date of the backtesting range.
Fixed Slippage and Commission Settings: Ensures realistic simulation of trading conditions.
Process Orders on Close: Backtesting is optimized by processing orders at the bar's close.
Important Notes:
Backtesting Only: This script is intended purely for backtesting purposes. Past performance is not indicative of future results.
Live Trading Recommendations: For live trading, it is highly recommended to use limit orders instead of market orders, especially during evening sessions, as market order slippage can be significant.
Default Settings:
Entry size: 10% of equity per trade.
Slippage: 1 tick.
Commission: 0.05% per trade.
Multi conditions matricesLibrary "multi_conditions_matrices"
: facilitate including multiple AND / OR conditions to a script such as two entry / exit inputs groups.
method addConditions(conditions, conditionPair)
Helper to append conditions to a matrix condition array
Namespace types: matrix
Parameters:
conditions (matrix)
conditionPair (array) : array A condition pair , an input can be passed directly to enable
method check(conditions, operatorAnd)
check several condition within given operator
Namespace types: matrix
Parameters:
conditions (matrix)
operatorAnd (bool) : bool true if the operator between condition is AND (default OR)
Returns: bool Evaluates conditions
isWeekend()
isNightSignal(nightHour, morningHour, timezone)
Parameters:
nightHour (int)
morningHour (int)
timezone (string)
StrategyDashboardLibrary ”StrategyDashboard”
Hey, everybody!
I haven’t done anything here for a long time, I need to get better ^^.
In my strategies, so far private, but not about that, I constantly use dashboards, which clearly show how my strategy is working out.
Of course, you can also find a number of these parameters in the standard strategy window, but I prefer to display everything on the screen, rather than digging through a bunch of boxes and dropdowns.
At the moment I am using 2 dashboards, which I would like to share with you.
1. monthly(isShow)
this is a dashboard with the breakdown of profit by month in per cent. That is, it displays how much percentage you made or lost in a particular month, as well as for the year as a whole.
Parameters:
isShow (bool) - determine allowance to display or not.
2. total(isShow)
The second dashboard displays more of the standard strategy information, but in a table format. Information from the series “number of consecutive losers, number of consecutive wins, amount of earnings per day, etc.”.
Parameters:
isShow (bool) - determine allowance to display or not.
Since I prefer the dark theme of the interface, now they are adapted to it, but in the near future for general convenience I will add the ability to adapt to light.
The same goes for the colour scheme, now it is adapted to the one I use in my strategies (because the library with more is made by cutting these dashboards from my strategies), but will also make customisable part.
If you have any wishes, feel free to write in the comments, maybe I can implement and add them in the next versions.
Bonsai BX (Backtester)In today's trading landscape, traders need precision and deep analytical tools to navigate the sea of strategies. The Bonsai Backtester is one such tool, meticulously designed to evaluate multiple trading strategies in an integrated manner.
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🌳 Bonsai BX 🌳 Universal Strategy Testing
📘 Overview
A product of collaboration with the Bonsai community, this backtester is both a reflection of collective insights and a means to provide traders with data-driven insights on TradingView.
📌 Current Backtest
• Dataset: BTCUSD daily candles from Coinbase, starting from March 2015.
• Source Signals: The Bonsai indicator signals are employed for both long and short entries. These are directly visible on the publication chart.
• Trading Assumptions:
• Initial Capital: $1,000
• Maximum Position Size: 10% of equity per trade
• Stop Loss: 10% per position
• Commission: 0.1%
• Slippage: 100 ticks (1.00)
🛠 Key Features
The Bonsai BX is equipped with a range of features aimed at providing traders with a more comprehensive analysis environment:
Features on Chart
• External Indicator Adaptability: Easily incorporate signals from both built-in and custom TradingView indicators.
• Snapshot Table: Delivers on-the-spot insights into crucial strategy performance metrics, including equity, open profit, position size, and entry price. While these details are available in TradingView's 'Performance Summary' panel, we've integrated them directly onto the chart for a more streamlined and accessible viewing experience.
• Trade Labels: Visualize profit metrics for individual trades directly on the chart, allowing for a more immediate grasp of trade outcomes.
• Long & Short Behaviors: Modify long behaviors to either open new long positions while closing short ones, or simply to close short positions. Conversely, for short behaviors, opt to either initiate new short positions while closing any active long ones or simply close long positions.
• Multiple Signals Integration: The tool can currently handle up to three different external signals for long and short trades.
• Condition-based Initiation: Define whether longs and shorts are triggered when 'All Conditions Met' or just 'Any Single Condition Met'. This flexibility allows for a more nuanced trading approach. For example, if you're using a trade signal alongside the RSI, you can specify that a long position should only open when the trade signal is active and the RSI is below 30 at the same time. This lets you combine multiple signals or conditions for more precise trade initiation.
• TP & SL Customization:
• Single TP: Set a specific Take Profit percentage.
• SL: Define a Stop Loss percentage and choose between a standard or trailing stop.
• Trail From: Specify the starting point of the trailing stop, be it the breakeven point or a certain percentage.
• Interface Theme: Users can select between light and dark themes for their interface.
Performance and Trailing
🎛 Using Bonsai BX
1. Add it to your TradingView chart.
2. Adjust script parameters and settings. Integrate external indicator signals as needed.
3. Activate the backtester to refine trading strategies.
Backtester Settings Menu
🪝 Webhook (Beta)
The Webhook functionality, now in beta, augments the Bonsai BX utility. This feature offers a more intuitive method for users to direct webhooks to trading bots, exchanges, and brokers. It simplifies the process by eliminating the need to adjust JSON structures or other payload formats, making alert automation more accessible.
📜 Feedback & Community
The feedback from the Bonsai community has been instrumental in the tool's development and will continue to shape its evolution. As part of our commitment to adaptive, smart trading, this script will continually be updated to meet the ever-changing requirements of traders.
❗️ Disclaimer
Backtesting tools, including the Bonsai BX , simulate trading strategies based on historical data. The following key points should be kept in mind:
1. Past Performance is Not Predictive: While backtesting can offer insights, it's essential to understand that past performance does not guarantee or predict future results. Historical data might not account for future market changes or unforeseen events.
2. External Influences: Market outcomes can be significantly influenced by various external factors like geopolitical events, economic announcements, and sudden shifts in market sentiment. Such factors are often not considered in backtesting simulations.
3. Market Dynamics: Elements like market volatility, liquidity constraints, and slippage can drastically alter expected outcomes. These dynamics might not always be accurately represented in backtest simulations.
4. Limitations of Simulated Trades: Backtesting operates under the assumption that historical trends and patterns will replicate. However, market conditions evolve, and what worked in the past might not necessarily be viable in the future.
5. Informed Decisions: Always base your trading decisions on a mix of comprehensive research, current market analysis, and risk assessment. Relying solely on backtested results can lead to misconstrued perceptions and potential pitfalls.
Trading involves risks, and it's crucial to be fully informed and cautious before making any investment decisions. Always consider seeking advice from financial experts or professionals when in doubt.
Monte Carlo Simulation - Your Strategy [Kioseff Trading]Hello!
This script “Monte Carlo Simulation - Your Strategy” uses Monte Carlo simulations for your inputted strategy returns or the asset on your chart!
Features
Monte Carlo Simulation: Performs Monte Carlo simulation to generate multiple future paths.
Asset Price or Strategy: Can simulate either future asset prices based on historical log returns or a specific trading strategy's future performance.
User-Defined Input: Allows you to input your own historical returns for simulation.
Statistical Methods: Offers two simulation methods—Gaussian (Normal) distribution and Bootstrapping.
Graphical Display: Provides options for graphical representation, including line plots and histograms.
Cumulative Probability Target: Enables setting a user-defined cumulative probability target to quantify simulation results.
Adjustable Parameters: Offers numerous user-adjustable settings like number of simulations, forecast length, and more.
Historical Data Points: Option to specify the amount of historical data to be used in the simulation (price).
Custom Binning: Allows you to select the binning method for histograms, with options like Sturges, Rice, and Square Root.
Best/Worst Case: Allows you to show only the best case / worst case outcome (range) for all simulations!
Scatterplot: allows you to show up to 1000 potential outcomes for a specified trade number (or bars forward price endpoint) using a scatter plot.
The image above shows the primary components of the indicator!
The image above shows the best/worst case outcome feature in action!
The image above shows a "fun feature" where 1000 simulated end points for a 15-bar price trajectory are shown as a scatter plot!
How To Perform a Monte Carlo Simulation On Your Strategy
Really, you can input any data into the indicator it will perform a Monte Carlo Simulation on it :D
The following instructions show how to export your strategy results from TradingView to an Excel File, copy the data, and input it into the indicator.
However , you are not limited to following this method!
Wherever your strategy results are stored, simply copy and paste them into the indicator text area in the settings and simulations will begin.
Returns Should Follow This Format
1
3
-3
2
-5
The numbers are presented as a single column. No commas or separators used.
The numbers above are in sequential order. A return of "1" for the first trade and a return of "-5" for the last trade. Your strategy returns will likely be in sequential order already so don't worry too much about this (:
How To Perform a Monte Carlo Simulation On Your TradingView Strategy With Excel Data
Export your strategy returns to an excel file using TradingView
Navigate to your downloads folder to column G "Profit"
Click the column and press CTRL + SPACE to highlight the entire column
Press CTRL + C to copy the entire column
Open this indicator's settings and paste the returns into the text area
The image above illustrates the process!
Notes on Inputting Returns
*Must input your returns without a separate as a vertical list
*The initial text area can only hold so many return values. If your list of trades is large you can input additional returns into two additional text areas at the bottom of the indicator settings.
That should be it; thank you for checking this out!
Hobbiecode - Five Day Low RSI StrategyThis is a simple strategy that is working well on SPY but also well performing on Mini Futures SP500. The strategy is composed by the followin rules:
1. If today’s close is below yesterday’s five-day low, go long at the close.
2. Sell at the close when the two-day RSI closes above 50.
3. There is a time stop of five days if the sell criterium is not triggered.
If you backtest it on Mini Futures SP500 you will be able to track data from 1993. It is important to select D1 as timeframe.
Please share any comment or idea below.
Have a good trading,
Ramón.
Chandelier Exit ZLSMA StrategyIntroducing a Powerful Trading Indicator: Chandelier Exit with ZLSMA
If you're a trader, you know the importance of having the right tools and indicators to make informed decisions. That's why we're excited to introduce a powerful new trading indicator that combines the Chandelier Exit and ZLSMA: two widely-used and effective indicators for technical analysis.
The Chandelier Exit (CE) is a popular trailing stop-loss indicator developed by Chuck LeBeau. It's designed to follow the price trend of a security and provide an exit signal when the price crosses below the CE line. The CE line is based on the Average True Range (ATR), which is a measure of volatility. This means that the CE line adjusts to the volatility of the security, making it a reliable indicator for trailing stop-losses.
The ZLEMA (Zero Lag Exponential Moving Average) is a type of exponential moving average that's designed to reduce lag and improve signal accuracy. The ZLSMA takes into account not only the current price but also past prices, using a weighted formula to calculate the moving average. This makes it a smoother indicator than traditional moving averages, and less prone to giving false signals.
When combined, the CE and ZLSMA create a powerful indicator that can help traders identify trend changes and make more informed trading decisions. The CE provides the trailing stop-loss signal, while the ZLSMA provides a smoother trend line to help identify potential entry and exit points.
In our indicator, the CE and ZLSMA are plotted together on the chart, making it easy to see both the trailing stop-loss and the trend line at the same time. The CE line is displayed as a dotted line, while the ZLSMA line is displayed as a solid line.
Using this indicator, traders can set their stop-loss levels based on the CE line, while also using the ZLSMA line to identify potential entry and exit points. The combination of these two indicators can help traders reduce their risk and improve their trading performance.
In conclusion, the Chandelier Exit with ZLSMA is a powerful trading indicator that combines two effective technical analysis tools. By using this indicator, traders can identify trend changes, set stop-loss levels, and make more informed trading decisions. Try it out for yourself and see how it can improve your trading performance.
Warning: The results in the backtest are from a repainting strategy. Don't take them seriously. You need to do a dry live test in order to test it for its useability.
-
Here is a description of each input field in the provided source code:
length: An integer input used as the period for the ATR (Average True Range) calculation. Default value is 1.
mult: A float input used as a multiplier for the ATR value. Default value is 2.
showLabels: A boolean input that determines whether to display buy/sell labels on the chart. Default value is false.
isSignalLabelEnabled: A boolean input that determines whether to display signal labels on the chart. Default value is true.
useClose: A boolean input that determines whether to use the close price for extrema calculations. Default value is true.
zcolorchange: A boolean input that determines whether to enable rising/decreasing highlighting for the ZLSMA (Zero-Lag Exponential Moving Average) line. Default value is false.
zlsmaLength: An integer input used as the length for the ZLSMA calculation. Default value is 50.
offset: An integer input used as an offset for the ZLSMA calculation. Default value is 0.
-
Ty for checking this out and good luck on your trading journey! Likes and comments are appreciated. 👍
--
Credits to:
▪ @everget – Chandelier Exit (CE)
▪ @netweaver2022 – ZLSMA
Simple Bollinger Bands Strategy [JoseMetal]============
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============
- Description:
This is a simple strategy based on Bollinger Bands found in "journeymaninvestor.com" by "nealosis" in 15 feb 2021, original strategy and credits to him.
The original strategy:
- Bollinger Bands, 20 length simple moving average and 2 standard deviations.
- Buy when the closing price crosses the lower band up.
- Exit trade when the closing price touches the upper band.
This strategy worked on mayor indices such as SP500 before the current economic crisis, because those indices just retrace to continue up and up. That's why after testing it on the current data and other markets the strategy is NO longer viable and I made some optimizations to it.
The modified strategy:
- Now you can LONG and SHORT, not only LONG, but depending on the asset (mainly bullish like BTC or Indices) is better to just BUY.
- You can customize BB length and deviation, a deviation of 1.5 triggers more trades and is usually better.
- Averaging added, by default you can have up to 7 positions at 1% capital each, but all is customizable.
Other extra stuff:
- Able to pick a date range.
- Able to pick % of capital used on each trade.
- Able to close trades ON PROFIT ONLY.
- Able to increase position ONLY if the price is a certain percentage better than your average.
- Able to pick a leverage.
- Visual:
Bollinger Bands are shown.
On LONG entries you get a green background color, red for SHORTs, olive to close LONG and orange to close SHORT.
Position entries/exists with contract size are shown by TradingView by default as usual.
- Customization:
Everything is customizable, from date range to BB colors.
- Usage and recommendations:
Works better on bigger timeframes, daily is the best.
Enjoy!
============
INGLÉS
============
- Descripción:
Esta es una simple estrategia basada en las Bandas de Bollinger encontrada en "journeymaninvestor.com" por "nealosis" en el 15 de febrero de 2021, estrategia original y créditos a él.
La estrategia original:
- Bandas de Bollinger, media móvil simple de 20 y 2 desviaciones estándar.
- Comprar cuando el precio de cierre cruza la banda inferior hacia arriba.
- Salir de la posición cuando el precio de cierre toca la banda superior.
Esta estrategia funcionaba en índices mayores como el SP500 antes de la crisis económica actual, porque esos índices sólo retroceden para seguir subiendo y subiendo. Por eso después de probarla con los datos actuales y otros mercados la estrategia ya NO es viable y le hice algunas optimizaciones.
La estrategia modificada:
- Ahora puedes operar LONG y SHORT, no solo LONG, pero dependiendo del activo (principalmente alcistas como BTC o Índices) es mejor solo COMPRAR.
- Se puede personalizar la longitud de BB y la desviación, una desviación de 1,5 desencadena más operaciones y suele ser mejor.
- Promedio añadido, por defecto puedes tener hasta 7 posiciones al 1% de capital cada una, pero todo es personalizable.
Otras cosas extra:
- Posibilidad de elegir un rango de fechas.
- Posibilidad de elegir el % de capital utilizado en cada operación.
- Posibilidad de cerrar operaciones SÓLO CON BENEFICIO.
- Posibilidad de aumentar la posición sólo si el precio es un cierto porcentaje mejor que su promedio.
- Posibilidad de elegir un apalancamiento.
- Visual:
Se muestran las Bandas de Bollinger.
En las entradas de LARGO se obtiene un color de fondo verde, rojo para CORTO, oliva para cerrar LARGO y naranja para cerrar CORTO.
Las entradas/existencias de posiciones con tamaño de contrato son mostradas por TradingView por defecto como es habitual.
- Personalización:
Todo es personalizable, desde el rango de fechas hasta los colores de BB.
- Uso y recomendaciones:
Funciona mejor en marcos de tiempo más grandes, diario es el mejor.
¡Que lo disfrutes!
[pAulseperformance] PSStrategyX█ OVERVIEW
This script reduces the amount of time it takes to turn your indicator into a live trading bot.
It will convert your signals into alerts that will be sent to your exchange for trading.
The script features a broker connector to automate alert syntax and connect with third-party exchanges to live trade strategies with minimal setup.
It also includes an enhanced version of the built-in backtester with customizable options to speed up backtesting, trade-by-trade statistics, and a chart strategy summary to help traders make informed decisions.
The PSStrategyX trading tool is designed to provide traders with a range of benefits, including:
Increased confidence in their strategies.
Better understanding of the accuracy of indicator signals.
Simplified automated trading through third-party broker connections.
Reduced time to develop strategies by focusing on signal development only. No need to work with complicated strategy testing code and 3rd party automation.
█ FEATURES
Broker Connector
— Supports Autoview (More Connectors added in the future)
— Connects and auto trades with most exchanges
— No need for Webhooks (AutoView)
— Can forward test live strategies on Testnets before using real money.
Built in Backtester loaded with options to speed up backtesting
— Standard strategy features including stop loss, take profit, and various filters reduce the time and complexity involved in building a working strategy.
Trade By Trade Statistics
— Gain insight on every trade with additional trade-by-trade statistics.
Strategy Summary
— Get instant feedback on your chart of your strategies performance. Visual cues and feedback give you hints on where to look and what to improve.
Strategy Tester Enhancements
— Take the max trades allowed in the strategy tester without errors.
— Take the largest or smallest trade allowed without errors.
█ WHY?
The PSStrategyX tool was developed to solve a common problem faced by traders who use Pine Script on TradingView: the inability to integrate Pine Script with exchanges through TradingView.
Without this integration, traders need to go through several extra steps to live trade their Pine Script strategies on a real exchange with real money. This includes finding a broker, learning the new syntax for the broker, and placing that syntax correctly in the strategy.
These steps can be time-consuming and add complexity to the codebase.
The PSStrategyX tool simplifies this process by automatically configuring the correct alert syntax to connect to third-party exchanges, allowing traders to live trade their strategies with minimal setup. This saves traders time and effort, allowing them to focus on signal development rather than complicated strategy testing code and 3rd party automation.
Additionally, the tool was developed to address the time-consuming task of converting any one of the thousands of great free indicators on TradingView to strategies through hours of coding.
Overall, I built the PSStrategyX to streamline the auto trading process and make auto trading more accessible to traders of all levels.
█ HOW TO USE THIS?
Using the PSStrategyX trading tool is a straightforward process that requires a few key steps:
1 — Generate trading signals: You need a signal generator that can provide buy and sell signals for your preferred trading instrument(s).
You can use TradingView's indicators or create your own custom indicators using TradingView's Pine programming language.
2 — Connect trading signals to PSStrategyX: You will use 2 scripts on your chart. One generates buy/sell/exit signals, and the other is the PSStrategyX script executing those signals as trades.
To set this up you will need to make sure that your signal generator is an indicator, NOT a strategy.
Make sure the signals are being plotted buy = 1; sell = -1; exit = 0; signals in one plot. Exits are optional.
Example plot(buy ? 1 : sell ? -1 : exit ? 0 : na)
You will choose the plot with buy/sell/exit signals inside the PSStrategyX tool to execute trades. If you need help, check out the docs for more details.
3 — Set up the broker connector (optional): If you want to take live trades with this tool, you will need to set up a third party connecter. Once set up, everything is automated. See more details in the "authors instructions." at the bottom of this post.
4 — Set up an exchange account (optional): If you want to trade on an exchange, you will need to set up an account with the exchange you plan to use.
The Broker Connector supports a range of popular exchanges, including Binance, Bitfinex, Kraken, Oanda and more.
Once you have generated your trading signals, set up the Broker connecter (optional) and set up an exchange account (optional), you can start using the PSStrategyX trading tool to execute trades automatically based on your trading signals.
█ LIMITATIONS
Here are some important limitations to keep in mind when using the PSStrategyX trading tool:
General:
— Once the alert is sent, there is no way to monitor positions on any exchange. The order will be processed by the broker connector and sent to the exchange.
While this usually works fine, it's important to check the log for errors.
Sometimes the broker connector may fail to process the order, or the exchange may not process it for various reasons.
— The tool sends TP/SL orders with the entry order when possible to protect your order in case of errors or if you lose a connection.
However, not all exchanges accept TP/SL orders, and sometimes your entry order will be left unprotected.
FIFO:
— This tool DOES NOT support the First In First Out (FIFO) method for closing positions.
— Instead, it uses the ANY method. There currently is no way to make this variable.
█ FAQ
What does PSStrategyX do exactly?
PSStrategyX is a strategy enhancing, backtester, forwardtester, automation and simulation tool. It's NOT a signal generator, and does not produce buy/sell signals by itself. You provide buy/sell signals, and PSStrategyX will put those signals on steroids...basically.
PSStrategyX helps you figure out what indicators actually work. Without wasting time learning how to code.
Why did you choose AutoView for this tool?
AutoView offered the best integration I could find. They allow you to connect to test exchanges for free, which is great for practicing without using real money. They also work without using webhooks, which means you can live trade without paying for Tradingview pro. Additionally, AutoView supports many different exchanges. I don't work for AutoView, but if you sign up through my referral link and purchase a paid version, I earn a commission.
Why doesn't Tradingview automatically connect Pine Script to exchanges?
This is a great question, but unfortunately I don't have the answer. It would definitely be helpful if Tradingview provided this feature, but it might also put some brokers out of business.
How do I get access?
DON'T ask for access in the comments.
DO review the "Authors Instructions" on this page for details.
CryptoGraph Entry BuilderA complete system to generate buy & sell signals, based on multiple indicators, timeframes and assets
═════════════════════════════════════════════════════════════════════════
🟣 How it works
This indicator allows you to create buy & sell signals, based on multiple trigger conditions, placed in one easy to use TradingView indicator to produce alerts, backtest, reduce risk and increase profitability. This script is especially designed to be used with the CryptoGraph Strategizer indicator. Signals produced by this indicator, can be used as external input with the CryptoGraph Strategizer, by adding both indicators to your chart and selecting "External Input" as entry source in the inputs of the Strategizer indicator. From that point on, buy & sell signals generated by the Entry Builder, will be used for backtesting.
Each trigger or filtering condition is selectable and able to be combined using the selection boxes.
Trigger or filter conditions can be used on a different timeframes, and with different assets or coin pairs. Make sure to set higher timeframe filters, to a higher timeframe than your chart timeframe.
🟣 How to use
• Add the indicator to your chart
• Select an indicator you woud like to use for entry analysis. Combine more indicators for more entry filtering
• Configure entry conditions per indicator. It is recommended to add and configure one indicator at a time
• Analyse your buy/sell entries
• Connect to CryptoGraph Strategizer as external input source for backtesting purposes
🟣 Indicator Filters
• ATR :
Average True Range (ATR) is a tool used in technical analysis to measure volatility .
Possible options for ATR entry filtering are an ATR value greater/smaller than your input variable for trade entries, or the ATR crossing your input variable for trade entries.
This enables the possibility to only enter positions when the market has a certain degree of volatility .
• ADX :
The Average Directional Index ( ADX ) helps traders determine the strength of a trend, not its actual direction. It can be used to find out whether the
market is ranging or starting a new trend.
Possible options for ADX entry filtering are an ADX value greater/smaller than your input variable for trade entries, or the ADX crossing your input variable for trade entries.
• OBV :
The On Balance Volume indicator (OBV) is used in technical analysis to measure buying and selling pressure. It is a cumulative indicator meaning that on days where price went up, that day's volume is added to the cumulative OBV total.
Possible options for OBV entry filtering are Regular, Hidden or Regular&Hidden divergences. Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
• Moving Average :
Moving Average (MA) is a price based, lagging (or reactive) indicator that displays the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance .
Possible options for MA entry filtering are price being above/below Moving Average 1, price crossing up/down Moving Average 1, Moving Average 1 being above/below Moving Average 2 and Moving Average 1 crossing up/down Moving Average 2.
• Supertrend :
Supertrend (ST) is a trend-following indicator based on Average True Range (ATR). The calculation of its single line combines trend detection and volatility . It can be used to detect changes in trend direction and to position stops.
Possible options for ST entry filtering are Supertrend being in upward/downward direction, or Supertrend changing direction.
• RSI :
The Relative Strength Index ( RSI ) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements.
Possible options for RSI entry filtering are RSI being smaller/greater than your input value, or RSI crossing up/down your input value.
• Stochastic RSI :
The Stochastic RSI indicator ( Stoch RSI ) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time.
Possible options for Stoch RSI entry filtering are Stoch RSI crossing below or above your input value.
• VWAP Bands :
Volume Weighted Average Price ( VWAP ) is a technical analysis tool used to measure the average price weighted by volume . VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices.
We use standard deviations, determined by user input, to create VWAP bands.
Possible options for VWAP long entry filtering are: price being below the lower VWAP band, price crossing back up the lower VWAP band or price crossing down the lower VWAP band.
Possible options for VWAP short entry filtering are: price being above the upper VWAP band, price crossing back down the upper VWAP band, or price crossing up the upper VWAP band.
• Bollinger Bands :
Bollinger Bands (BB) are a widely popular technical analysis instrument created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which are plotted in relation to security prices. The line in the middle is usually a Simple Moving Average ( SMA ) set to a period of 20 days (the type of trend line and period can be changed by the trader; however a 20 day moving average is by far the most popular).
Possible options for BB long entry filtering are: price being below the lower Bollinger band , price crossing back up the lower Bollinger band or price crossing down the lower Bollinger band .
Possible options for BB short entry filtering are: price being above the upper Bollinger band , price crossing back down the upper Bollinger band , or price crossing up the upper Bollinger band .
• WaveTrend :
WaveTrend (WT) is a smoothed momentum oscillator which enables it to detect true reversals in an accurate manner.
Possible options for WT entry filtering are: Green/red dots below or above a certain WaveTrend value, Regular Divergence, Hidden Divergence and Regular&Hidden Divergence.
Backtest AdapterThis is a proof-of-concept Backtest Adapter that can be used with my recent publication "Machine Learning: Lorentzian Classification" located here:
This adapter is helpful because it enables interactive backtesting with TradingView's built-in "Strategy Tester" framework without the need to translate the logic from an "indicator" script to a "strategy" script.
To use this, one must have the "Machine Learning: Lorentzian Classification" script and this Backtest Adapter open simultaneously on the same chart. From there, simply change the "Source" setting of the Backtest Adapter to "Lorentzian Classification: Backtest Stream" to transfer the entry/exit signals stream to the Backtest Adapter.
For an example of how to implement your own backtest stream in your indicators, please refer to the "Backtesting" section in the source code of the "Machine Learning: Lorentzian Classification" script, which is shown below for convenience:
Reinforced RSI - The Quant Science This strategy was designed and written with the goal of showing and motivating the community how to integrate our 'Probabilities' module with their own script.
We have recreated one of the simplest strategies used by many traders. The strategy only trades long and uses the overbought and oversold levels on the RSI indicator.
We added stop losses and take profits to offer more dynamism to the strategy. Then the 'Probabilities' module was integrated to create a probabilistic reinforcement on each trade.
Specifically, each trade is executed, only if the past probabilities of making a profitable trade is greater than or equal to 51%. This greatly increased the performance of the strategy by avoiding possible bad trades.
The backtesting was calculated on the NASDAQ:TSLA , on 15 minutes timeframe.
The strategy works on Tesla using the following parameters:
1. Lenght: 13
2. Oversold: 40
3. Overbought: 70
4. Lookback: 50
5. Take profit: 3%
6. Stop loss: 3%
Time period: January 2021 to date.
Our Probabilities Module, used in the strategy example:
iMoku (Ichimoku Complete Tool) - The Quant Science iMoku™ is a professional all-in-one solution for the famous Ichimoku Kinko Hyo indicator.
The algorithm includes:
1. Backtesting spot
2. Visual tool
3. Auto-trading functions
With iMoku you can test four different strategies.
Strategy 1: Cross Tenkan Sen - Kijun Sen
A long position is opened with 100% of the invested capital ($1000) when "Tenkan Sen" crossover "Kijun Sen".
Closing the long position on the opposite condition.
There are 3 different strength signals for this strategy: weak, normal, strong.
Weak : the signal is weak when the condition is true and the price is above the 'Kumo'
Normal : the signal is normal when the condition is true and the price is within the 'Kumo'
Strong : the signal is strong when the condition is true and the price is below the 'Kumo'
Strategy 2: Cross Price - Kijun Sen
A long position is opened with 100% of the invested capital ($1000) when the price crossover the 'Kijun Sen'.
Closing the long position on the opposite condition.
There are 3 different strength signals for this strategy: weak, normal, strong.
Weak : the signal is weak when the condition is true and the price is above the 'Kumo'
Normal : the signal is normal when the condition is true and the price is inside the 'Kumo'
Strong : the signal is strong when the condition is true and the price is below the 'Kumo'
Strategy 3: Kumo Breakout
A long position is opened with 100% of the invested capital ($1000) when the price breakup the 'Kumo'.
Closing the long position with a percentage stop loss and take profit on the invested capital.
Strategy 4: Kumo Twist
A long position is opened with 100% of the invested capital ($1000) when the 'Kumo' goes from negative to positive (called "Twist").
Closing the long position on the opposite condition.
There are 2 different strength signals for this strategy: weak, and strong.
Weak : the signal is weak when the condition is true and the price is above the 'Kumo'
Strong : the signal is strong when the condition is true and the price is below the 'Kumo'
This script is compliant with algorithmic trading.
You can use this script with trading terminals such as 3Commas or CryptoHopper. Connecting this script is very easy.
1. Enter the user interface
2. Select and activate a strategy
3. Copy your bot's links into the dedicated fields
4. Create and activate alert
Disclaimer: algorithmic trading involves risk, the user should consider aspects such as slippage, liquidity and costs when evaluating an asset. The Quant Science is not responsible for any kind of damage resulting from use of this script. By using this script you take all the responsibilities and risks.
Three Bars Play Strategy [JoseMetal]============
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- Description:
This strategy is based on two simple candlestick patterns (you can pick between 2 variants) with an extra option to require trigger candles to be opposite to the closing one (explained below).
There are several customizable settings such as take profit, stop loss and break even (all based on ATR).
You can customize starting and ending date for the testings.
Other options such as allow switch position if strategy SHORTs when you are LONG and vice versa.
There's an additional optional EMA filter.
- LONG / SHORT ENTRY:
Original pattern: for LONG, current candle must close ABOVE the HIGH of previous candle and the candle 3 positions back, opposite conditions for SHORT.
Variant pattern: for LONG, the current candle must close ABOVE the HIGH of the previous candle and the candle before that one too, opposite conditions for SHORT.
Optional: require the trigger candles to be opposite, ex: for LONG you need the previous candles to be RED (bearish).
Optional: EMA filter, price must be ABOVE for LONGs, below for SHORTs.
- EXIT CONDITION:
Stop Loss or Take Profit, based on ATR.
- Visual:
The script prints the Take Profit as a GREEN line, Stop Loss as a RED line and entry price with a WHITE line.
If enabled, the Break Even required price is BLUE, and the new Stop Loss level (for break even or protecting profit) is AQUA.
- Recommendations:
This strategy is great on DAILY on most assets, including crypto, forex and gold.
12H seems to work in most cases, lower timeframes are worse.
- Customization:
You can customize indicator settings (ATR, EMA...).
Stop Loss and Take Profit ATR multipliers are also customizable.
The break even is optional, required level and break even levels (also based on ATR) are custom too.
Almost everything is customizable, for colors and plotting styles check the "Style" tab.
Enjoy!
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ESPAÑOL
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- Descripción:
Ésta estrategia se basa en dos patrones simples de velas (puedes elegir entre 2 variantes) con una opción extra para requerir que las velas de activación sean opuestas a la de cierre (se explica más adelante).
Hay varios ajustes personalizables como el take profit, el stop loss y el break even (todos basados en el ATR).
Puedes personalizar la fecha de inicio y finalización de las pruebas.
Otras opciones como permitir el cambio de posición si la estrategia cambie a SHORT cuando está LONG y viceversa.
Hay un filtro de EMA opcional adicional.
- ENTRADA LARGA / CORTA:
Patrón original: para LONG, la vela actual debe cerrar POR ENCIMA del ALTO de la vela anterior y de la vela 3 posiciones atrás, condiciones opuestas para SHORT.
Patrón variante: para LONG, la vela actual debe cerrar POR ENCIMA del ALTO de la vela anterior y la vela anterior a esa también, condiciones opuestas para SHORT.
Opcional: requiere que las velas de activación sean opuestas, por ejemplo: para LONG requiere que las velas anteriores sean ROJAS (bajistas).
Opcional: fltro EMA, el precio debe estar POR ENCIMA para los LONGs, por debajo para los SHORTs.
- CONDICIÓN DE SALIDA:
Stop Loss o Take Profit, basado en el ATR.
- Visual:
El script dibuja el Take Profit como una línea VERDE, el Stop Loss como una línea ROJA y el precio de entrada con una línea BLANCA.
Si está habilitado, el precio de break even requerido es AZUL, y el nuevo nivel de Stop Loss (para el break even o asegurar ganancias) es CELESTE.
- Recomendaciones:
Ésta estrategia es estupenda en DIARIO en la mayoría de los activos, incluyendo criptos, fórex y oro.
En 12H parece funcionar en la mayoría de los casos, las temporalidades inferiores son peores.
- Personalización:
Puedes personalizar la configuración de los indicadores (ATR, EMA...).
Los multiplicadores de Stop Loss y Take Profit ATR también son personalizables.
El break even es opcional, el nivel requerido y los niveles de break even (también basados en ATR) son personalizables también.
Casi todo es personalizable, para los colores y estilos de trazado compruebe la pestaña "Estilo".
¡Que lo disfrutes!
Double SuperTrend Strategy [JoseMetal]============
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- Description:
This is a simple strategy using 2 SuperTrends, a larger one for entries and smaller for Stop Loss, Take Profit is calculated via risk reward custom setting.
The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe.
You can customize settings for both SuperTrends, as well as the risk to reward ratio, starting date, ending date and more.
- LONG / SHORT ENTRY:
Both SuperTrends agree on the trend direction, both green = bullish = LONG, both red = bearish = SHORT.
- EXIT CONDITION:
Stop Loss or Take profit, however, there's an option (activated by default) to change position if entry conditions reverse.
- Visual:
Both SuperTrends are plotted.
The script prints the Take Profit as a green line, Stop Loss as a red line and entry price with a white line.
- Recommendations:
Depending on the asset, the strategy works from 1H to daily, feel free to test it on your favorite asset.
The strategy settings are good for crypto by default.
- Customization:
As you can see, almost everything is customizable, for colors and plotting styles check the "Style" tab.
Enjoy!
============
ESPAÑOL
============
- Descripción:
Esta es una estrategia sencilla que utiliza 2 SuperTrends, uno mayor para las entradas y otro menor para el Stop Loss, el Take Profit se calcula a través de la configuración personalizada de riesgo-beneficio.
La estrategia tiene varias opciones personalizables, lo que le permite refinar la estrategia para tu activo y marco de tiempo.
Puedes personalizar los ajustes para ambos SuperTrends, así como la relación riesgo-beneficio, la fecha de inicio, la fecha de finalización y más.
- ENTRADA EN LARGO/CORTO:
Ambos SuperTrends coinciden en la dirección de la tendencia, ambos verdes = alcista = LONG, ambos rojos = bajista = SHORT.
- CONDICIÓN DE SALIDA:
Stop Loss o Take profit, sin embargo, hay una opción (activada por defecto) para cambiar de posición si las condiciones de entrada se invierten.
- Visual:
Ambos SuperTrends son dibujados.
El script dibuja el Take Profit como una línea verde, el Stop Loss como una línea roja y el precio de entrada con una línea blanca.
- Recomendaciones:
Dependiendo del activo, la estrategia funciona de 1H a diario, siéntete libre de probarlo en tu activo favorito.
La configuración de la estrategia es buena para criptos por defecto.
- Personalización:
Como puedes ver, casi todo es personalizable, para colores y estilos de trazado revisa la pestaña "Estilo".
¡Que lo disfrutes!
MACD MTF Strategy [JoseMetal]============
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- Description:
This strategy uses my indicator MACD MTF (check my profile) to generate entries, it also has ATR to define Stop Loss and Take Profit if needed.
The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe.
You can customize settings for ALL indicator settings (MACD MTF and ATR).
- CUSTOM CONDITIONS TO ENTER A POSITION:
1. Both MACDs agree (current timeframe and higher timeframe).
2. Current timeframe MACD crossover.
3. Higher timeframe MACD crossover.
4. MACDs no longer agree with each other.
- EXIT CONDITION:
1. Predefined Stop Loss and Take Profit based on ATR (stop can be previous wick).
2. MACDs no longer agree with each other.
3. Opposite position entry.
- STOP LOSS TYPE:
1. ATR.
2. Previous wick.
- OTHER OPTIONS:
You can customize any setting for my MACD MTF and ATR.
- Visual:
ATR is shown for the Stop Loss / Take Profit.
The script prints the Take Profit as a green line, Stop Loss as a red line and entry price with a white line.
- Recommendations:
Recommended on 8H or 12H timeframe for the CURRENT timeframe, while using DAILY for the higher timeframe on the MACD MFT (by default).
Entry when BOTH MACDs agree and exit on opposite entry, this has NO TAKE PROFIT or STOP LOSS, so be careful, but gives the BEST profit overall, and being on 8H/12H + Daily lets you relax.
- Customization:
As you can see, almost everything is customizable, for colors and plotting styles check the "Style" tab.
Enjoy!
============
ESPAÑOL
============
- Descripción:
Esta estrategia utiliza mi indicador MACD MTF (revisa mi perfil) para generar entradas, también cuenta con ATR para definir Stop Loss y Take Profit si es necesario.
La estrategia tiene varias opciones personalizables, lo te le permiten refinar la estrategia para te activo y temporalidad.
Puedes personalizar la configuración de TODOS los indicadores (MACD MTF y ATR).
- CONDICIONES PERSONALIZADAS PARA ENTRAR EN UNA POSICIÓN:
1. Ambos MACDs coinciden (temporalidad actual y temporalidad superior).
2. Cruce del MACD en el marco de tiempo actual.
3. Cruce del MACD en el marco temporal superior.
4. Los MACD ya no coinciden entre sí (están en desacuerdo).
- CONDICIÓN DE SALIDA:
1. Stop Loss y Take Profit predefinidos basados en el ATR (el stop puede ser la mecha anterior).
2. Los MACDs ya no coinciden entre sí (están en desacuerdo).
3. Entrada en posición contraria.
- TIPO DE STOP LOSS:
1. ATR.
2. Mecha anterior.
- OTRAS OPCIONES:
Puede personalizar cualquier ajuste para mi MACD MTF y ATR.
- Visual:
El ATR se muestra para el Stop Loss / Take Profit.
El script imprime el Take Profit como una línea verde, el Stop Loss como una línea roja y el precio de entrada con una línea blanca.
- Recomendaciones:
Se recomienda en el marco de tiempo 8H o 12H para el marco de tiempo ACTUAL, mientras que se utiliza DIARIO para el marco de tiempo superior en el MACD MFT (por defecto).
Entrar cuando AMBOS MACDs están de acuerdo y salir en la entrada opuesta, esto no tiene TAKE PROFIT o STOP LOSS, así que tenga cuidado, pero da el MEJOR beneficio en general, y estar en 8H/12H + Diario le permite relajarse.
- Personalización:
Como puedes ver, casi todo es personalizable, para colores y estilos de trazado revisa la pestaña "Estilo".
¡Que lo disfrutes!
Gaussian Filter ModifiedAn effort to enhance auto-trading based on Gaussian Filter with Standard Deviation Filtering, Trading True Range and Smoothed SMA was added to remove noise contributing to ranging markets and unwanted entries against established trend.
Gaussian parameters need to be adjusted for different asset pair to find its own "signature", then filter out bad entry with TTR and SMA.
*Credits to Loxx for his work on Gaussian Filter
Channels Strategy [JoseMetal]============
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- Description:
This strategy is based on Bollinger Bands / Keltner Channel price "rebounds" (the idea of price bouncing from one band to another).
The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe.
You can customize settings for ALL indicators, Bollinger Bands (period and standard deviation), Keltner Channel (period and ATR multiplier) and ATR (period).
- AVAILABLE INDICATORS:
You can pick Bollinger Bands or Keltner Channels for the strategy, the chosen indicator will be plotted as well.
- CUSTOM CONDITIONS TO ENTER A POSITION:
1. Price breaks the band (low below lower band for LONG or high above higher band for SHORT).
2. Same as 1 but THEN (next candle) price closes INSIDE the bands.
3. Price breaks the band AND CLOSES OUT of the band (lower band for LONG and higher band for SHORT).
4. Same as 3 but THEN (next candle) price closes INSIDE the bands.
- STOP LOSS OPTIONS:
1. Previous wick (low of previous candle if LONG and high or previous candle if SHORT).
2. Extended band, you can customize settings for a second indicator with larger values to use it as STOP LOSS, for example, Bollinger Bands with 2 standard deviations to open positions and 3 for STOP LOSS.
3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate STOP LOSS.
- TAKE PROFIT OPTIONS:
1. Opposite band (top band for LONGs, bottom band for SHORTs).
2. Moving average: Bollinger Bands simple moving average or Keltner Channel exponential moving average .
3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate TAKE PROFIT.
- OTHER OPTIONS:
You can pick to trade only LONGs, only SHORTs, both or none (just indicator).
You can enable DYNAMIC TAKE PROFIT, which updates TAKE PROFIT on each candle, for example, if you pick "opposite band" as TAKE PROFIT, it'll update the TAKE PROFIT based on that, on every single new candle.
- Visual:
Bands shown will depend on the chosen indicator and it's settings.
ATR is only printed if used as STOP LOSS and/or TAKE PROFIT.
- Recommendations:
Recommended on DAILY timeframe , it works better with Keltner Channels rather than Bollinger Bands .
- Customization:
As you can see, almost everything is customizable, for colors and plotting styles check the "Style" tab.
Enjoy!
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ESPAÑOL
============
- Descripción:
Esta estrategia se basa en los "rebotes" de precios en las Bandas de Bollinger / Canal de Keltner (la idea de que el precio rebote de una banda a otra).
La estrategia tiene varias opciones personalizables, lo que le permite refinar la estrategia para su activo y temporalidad favoritas.
Puedes personalizar la configuración de TODOS los indicadores, Bandas de Bollinger (periodo y desviación estándar), Canal de Keltner (periodo y multiplicador ATR) y ATR (periodo).
- INDICADORES DISPONIBLES:
Puedes elegir las Bandas de Bollinger o los Canales de Keltner para la estrategia, el indicador elegido será mostrado en pantalla.
- CONDICIONES PERSONALIZADAS PARA ENTRAR EN UNA POSICIÓN:
1. El precio rompe la banda (mínimo por debajo de la banda inferior para LONG o máximo por encima de la banda superior para SHORT).
2. Lo mismo que en el punto 1 pero ADEMÁS (en la siguiente vela) el precio cierra DENTRO de las bandas.
3. El precio rompe la banda Y CIERRA FUERA de la banda (banda inferior para LONG y banda superior para SHORT).
4. Igual que el 3 pero ADEMÁS (siguiente vela) el precio cierra DENTRO de las bandas.
- OPCIONES DE STOP LOSS:
1. Mecha anterior (mínimo de la vela anterior si es LONGy máximo de la vela anterior si es SHORT).
2. Banda extendida, puedes personalizar la configuración de un segundo indicador con valores más extensos para utilizarlo como STOP LOSS, por ejemplo, Bandas de Bollinger con 2 desviaciones estándar para abrir posiciones y 3 para STOP LOSS.
3. ATR: puedes elegir el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el STOP LOSS.
- OPCIONES DE TAKE PROFIT:
1. Banda opuesta (banda superior para LONGs, banda inferior para SHORTs).
2. Media móvil: media móvil simple de las Bandas de Bollinger o media móvil exponencial del Canal de Keltner .
3. ATR: se puede escoger el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el TAKE PROFIT.
- OTRAS OPCIONES:
Puedes elegir operar sólo con LONGs, sólo con SHORTs, ambos o ninguno (sólo el indicador).
Puedes activar el TAKE PROFIT DINÁMICO, que actualiza el TAKE PROFIT en cada vela, por ejemplo, si eliges "banda opuesta" como TAKE PROFIT, actualizará el TAKE PROFIT basado en eso, en cada nueva vela.
- Visual:
Las bandas mostradas dependerán del indicador elegido y de su configuración.
El ATR sólo se muestra si se utiliza como STOP LOSS y/o TAKE PROFIT.
- Recomendaciones:
Recomendada para temporalidad de DIARIO, funciona mejor con los Canales de Keltner que con las Bandas de Bollinger .
- Personalización:
Como puedes ver, casi todo es personalizable, para los colores y estilos de dibujo comprueba la pestaña "Estilo".
¡Que lo disfrutes!
[MT] Strategy Backtest Template| Initial Release | | EN |
An update of my old script, this script is designed so that it can be used as a template for all those traders who want to save time when programming their strategy and backtesting it, having functions already programmed that in normal development would take you more time to program, with this template you can simply add your favorite indicator and thus be able to take advantage of all the functions that this template has.
🔴Stop Loss and 🟢Take Profit:
No need to mention that it is a Stop Loss and a Take Profit, within these functions we find the options of: fixed percentage (%), fixed price ($), ATR, especially for Stop Loss we find the Pivot Points, in addition to this, the price range between the entry and the Stop Loss can be converted into a trailing stop loss, instead, especially for the Take Profit we have an option to choose a 1:X ratio that complements very well with the Pivot Points.
📈Heikin Ashi Based Entries:
Heikin Ashi entries are trades that are calculated based on Heikin Ashi candles but their price is executed to Japanese candles, thus avoiding false results that occur in Heikin candlestick charts, this making in certain cases better results in strategies that are executed with this option compared to Japanese candlesticks.
📊Dashboard:
A more visual and organized way to see the results and necessary data produced by our strategy, among them we can see the dates between which our operations are made regardless if you have activated some time filter, usual data such as Profit, Win Rate, Profit factor are also displayed in this panel, additionally data such as the total number of operations, how many were gains and how many losses, the average profit and loss for each operation and finally the maximum profits and losses followed, which are data that will be very useful to us when we elaborate our strategies.
Feel free to use this template to program your own strategies, if you find errors or want to request a new feature let me know in the comments or through my social networks found in my tradingview profile.
| Update 1.1 | | EN |
➕Additions: '
Time sessions filter and days of the week filter added to the time filter section.
Option to add leverage to the strategy.
5 Moving Averages, RSI, Stochastic RSI, ADX, and Parabolic Sar have been added as indicators for the strategy.
You can choose from the 6 available indicators the way to trade, entry alert or entry filter.
Added the option of ATR for Take Profit.
Ticker information and timeframe are now displayed on the dashboard.
Added display customization and color customization of indicator plots.
Added customization of display and color plots of trades displayed on chart.
📝Changes:
Now when activating the time filter it is optional to add a start or end date and time, being able to only add a start date or only an end date.
Operation plots have been changed from plot() to line creation with line.new().
Indicator plots can now be controlled from the "plots" section.
Acceptable and deniable range of profit, winrate and profit factor can now be chosen from the "plots" section to be displayed on the dashboard.
Aesthetic changes in the section separations within the settings section and within the code itself.
The function that made the indicators give inputs based on heikin ashi candles has been changed, see the code for more information.
⚙️Fixes:
Dashboard label now projects correctly on all timeframes including custom timeframes.
Removed unnecessary lines and variables to take up less code space.
All code in general has been optimized to avoid the use of variables, unnecessary lines and avoid unnecessary calculations, freeing up space to declare more variables and be able to use fewer lines of code.
| Lanzamiento Inicial | | ES |
Una actualización de mi antiguo script, este script está diseñado para que pueda ser usado como una plantilla para todos aquellos traders que quieran ahorrar tiempo al programar su estrategia y hacer un backtesting de ella, teniendo funciones ya programadas que en el desarrollo normal te tomaría más tiempo programar, con esta plantilla puedes simplemente agregar tu indicador favorito y así poder aprovechar todas las funciones que tiene esta plantilla.
🔴Stop Loss y 🟢Take Profit:
No hace falta mencionar que es un Stop Loss y un Take Profit, dentro de estas funciones encontramos las opciones de: porcentaje fijo (%), precio fijo ($), ATR, en especial para Stop Loss encontramos los Pivot Points, adicionalmente a esto, el rango de precio entre la entrada y el Stop Loss se puede convertir en un trailing stop loss, en cambio, especialmente para el Take Profit tenemos una opción para elegir un ratio 1:X que se complementa muy bien con los Pivot Points.
📈Entradas Basadas en Heikin Ashi:
Las entradas Heikin Ashi son operaciones que son calculados en base a las velas Heikin Ashi pero su precio esta ejecutado a velas japonesas, evitando así́ los falsos resultados que se producen en graficas de velas Heikin, esto haciendo que en ciertos casos se obtengan mejores resultados en las estrategias que son ejecutadas con esta opción en comparación con las velas japonesas.
📊Panel de Control:
Una manera más visual y organizada de ver los resultados y datos necesarios producidos por nuestra estrategia, entre ellos podemos ver las fechas entre las que se hacen nuestras operaciones independientemente si se tiene activado algún filtro de tiempo, datos usuales como el Profit, Win Rate, Profit factor también son mostrados en este panel, adicionalmente se agregaron datos como el número total de operaciones, cuantos fueron ganancias y cuantos perdidas, el promedio de ganancias y pérdidas por cada operación y por ultimo las máximas ganancias y pérdidas seguidas, que son datos que nos serán muy útiles al elaborar nuestras estrategias.
Siéntete libre de usar esta plantilla para programar tus propias estrategias, si encuentras errores o quieres solicitar una nueva función házmelo saber en los comentarios o a través de mis redes sociales que se encuentran en mi perfil de tradingview.
| Actualización 1.1 | | ES |
➕Añadidos:
Filtro de sesiones de tiempo y filtro de días de la semana agregados al apartado de filtro de tiempo.
Opción para agregar apalancamiento a la estrategia.
5 Moving Averages, RSI, Stochastic RSI, ADX, y Parabolic Sar se han agregado como indicadores para la estrategia.
Puedes escoger entre los 6 indicadores disponibles la forma de operar, alerta de entrada o filtro de entrada.
Añadido la opción de ATR para Take Profit.
La información del ticker y la temporalidad ahora se muestran en el dashboard.
Añadido personalización de visualización y color de los plots de indicadores.
Añadido personalización de visualización y color de los plots de operaciones mostradas en grafica.
📝Cambios:
Ahora al activar el filtro de tiempo es opcional añadir una fecha y hora de inicio o fin, pudiendo únicamente agregar una fecha de inicio o solamente una fecha de fin.
Los plots de operaciones han cambiados de plot() a creación de líneas con line.new().
Los plots de indicadores ahora se pueden controlar desde el apartado "plots".
Ahora se puede elegir el rango aceptable y negable de profit, winrate y profit factor desde el apartado "plots" para mostrarse en el dashboard.
Cambios estéticos en las separaciones de secciones dentro del apartado de configuraciones y dentro del propio código.
Se ha cambiado la función que hacía que los indicadores dieran entradas en base a velas heikin ashi, mire el código para más información.
⚙️Arreglos:
El dashboard label ahora se proyecta correctamente en todas las temporalidades incluyendo las temporalidades personalizadas.
Se han eliminado líneas y variables innecesarias para ocupar menos espacio en el código.
Se ha optimizado todo el código en general para evitar el uso de variables, líneas innecesarias y evitar los cálculos innecesarios, liberando espacio para declarar más variables y poder utilizar menos líneas de código.
Monthly Returns of a Strategy in a ChartIt's a simple example of how you can present your strategy's monthly performance in a chart.
You maybe know that there is no support of these kind of charts in TradingView so this chart is actually a table object under the hood.
Table visual appearance is customizable, you can change:
Location
Bar Width / High
Colors
Thanks to @MUQWISHI for hard work, for helping me coding it.
It's not about the strategy itself but the way you display returns on your chart. So pls don't critique my choice of the strategy and its performance 🙂
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
