BotBot
My version of ChopBot
with a little of Gen Opt.
Seems to be good for direction spotting during sideways and uptrend. Works only on 4h HA candles.
Seems to be good for direction spotting during sideways and uptrend. Works only on 4h HA candles.
//@version=2
strategy("BotBot", overlay=false)
atr = atr(19)
avg = sma(close,19)
rangeup = low[1] + atr
rangedown = high[1] - atr
over() => close/avg > 1.001 and high/rangeup > 1.04 and close/open > 1.001
under() => close/avg < 0.999 and low/rangedown < 0.96 and close/open < 0.999
longCondition = over()
shortCondition = under()
plot(close/avg, "close/avg", red)
plot(high/rangeup, "high/rangeup", blue)
plot(close/open, "close/open", green)
strategy.entry("long", strategy.long, when=longCondition)
strategy.entry("short", strategy.short, when=shortCondition)