what is Trend Catcher Strategy? it is a strategy that opens long or short positions in the direction of the trend.
what it does? TCS detects trend formations using its own unique method. Then, it opens a position in the direction of the trend and closes a part of the opened transaction (half according to default values) when the price reaches a certain level, and moves the remaining position to the point where it thinks the trend is over. You can easily understand how it works by looking at the images:
how it does it? It obtains a value called a "limit" by dividing the difference between the highest value and the lowest value in a certain range (that is, the vector sum) to the sum of the lengths of the candles in a certain range (the total distance traveled). then multiplies this by 100 to get a percentage value. The closer this value is to 100, the stronger the trend.
הערות שחרור
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trading window added. thanks to BigJasTrades for it.
Hi mate, nice little strategy. Can I suggest the following amendment: add a trading window to it so people can auto-trade this and start tr
BigJasTrades
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Example: //trading window startDate = input.time(defval = timestamp("1 Jan 2023 00:00:00"), title = "Start Date", tooltip = "Use this to set the date and time when strategy will start placing trades. Set this to a time just after the last candle when activating auto trading.", group = "TRADING WINDOW") endDate = input.time(defval = timestamp("1 Jan 2030 00:00:00"), title = "End Date", tooltip = "Use this to set the date and time when strategy will stop placing trades.", group = "TRADING WINDOW")
and...
inTradeWindow = (time >= startDate) and (time < endDate) //calculate the trading/backtesting window
BigJasTrades
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and change these lines:
l = ta.crossover(frs,limit) and ma>ma[1] and inTradeWindow s = ta.crossover(frs,limit) and ma<ma[1] and inTradeWindow
faytterro
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@BigJasTrades, I have updated it now. thanks for your advice <3