Ultimate Strategy Template (Advanced Edition)

Hello traders

This script is an upgraded version of that one below

New features

- Upgraded to Pinescript version 5
- Added the exit SL/TP now in real-time
- Added text fields for the alerts - easier to send the commands to your trading bots

Step 1: Create your connector

Adapt your indicator with only 2 lines of code and then connect it to this strategy template.

For doing so:

1) Find in your indicator where are the conditions printing the long/buy and short/sell signals.
2) Create an additional plot as below

I'm giving an example with a Two moving averages cross.

Please replicate the same methodology for your indicator wether it's a MACD , ZigZag , Pivots , higher-highs, lower-lows or whatever indicator with clear buy and sell conditions.

indicator(title='Moving Average Cross', shorttitle='Moving Average Cross', overlay=true, precision=6, max_labels_count=500, max_lines_count=500)

type_ma1 = input.string(title='MA1 type', defval='SMA', options=['RMA', 'SMA', 'EMA'])
length_ma1 = input(10, title='[ALL but VWAP] MA1 length')

type_ma2 = input.string(title='MA2 type', defval='SMA', options=['RMA', 'SMA', 'EMA'])
length_ma2 = input(100, title='[ALL but VWAP] MA2 length')

// MA
f_ma(smoothing, src, length) =>
    rma_1 = ta.rma(src, length)
    sma_1 = ta.[__tag__=simplemovingaverage]sma[/__tag__](src, length)
    ema_1 = ta.[__tag__=ema]ema[/__tag__](src, length)
    iff_1 = smoothing == 'EMA' ? ema_1 : src
    iff_2 = smoothing == 'SMA' ? sma_1 : iff_1
    smoothing == 'RMA' ? rma_1 : iff_2

MA1 = f_ma(type_ma1, close, length_ma1)
MA2 = f_ma(type_ma2, close, length_ma2)

// buy and sell conditions
buy = ta.crossover(MA1, MA2)
sell = ta.crossunder(MA1, MA2)

plot(MA1, color=color.new(color.green, 0), title='Plot MA1', linewidth=3)
plot(MA2, color=color.new(color.red, 0), title='Plot MA2', linewidth=3)

plotshape(buy, title='LONG SIGNAL', style=shape.circle, location=location.belowbar, color=color.new(color.green, 0), size=size.normal)
plotshape(sell, title='SHORT SIGNAL', style=shape.circle, location=location.abovebar, color=color.new(color.red, 0), size=size.normal)

/////////////////////////// SIGNAL FOR STRATEGY /////////////////////////

Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title='🔌Connector🔌', display = display.data_window)

Basically, I identified my buy, sell conditions in the code and added this at the bottom of my indicator code

Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title="🔌Connector🔌", transp=100)

Important Notes

🔥 The Strategy Template expects the value to be exactly 1 for the bullish signal, and -1 for the bearish signal

Now you can connect your indicator to the Strategy Template using the method below or that one

Step 2: Connect the connector

1) Add your updated indicator to a TradingView chart
2) Add the Strategy Template as well to the SAME chart
3) Open the Strategy Template settings and in the Data Source field select your 🔌Connector🔌 (which comes from your indicator)

From then, you should start seeing the signals and plenty of other stuff on your chart

🔥 Note that whenever you'll update your indicator values, the strategy statistics and visual on your chart will update in real-time


- Color Candles: Color the candles based on the trade state ( bullish , bearish , neutral)
- Close positions at market at the end of each session: useful for everything but cryptocurrencies
- Session time ranges: Take the signals from a starting time to an ending time
- Close Direction: Choose to close only the longs, shorts, or both
- Date Filter: Take the signals from a starting date to an ending date
- Set the maximum losing streak length with an input
- Set the maximum winning streak length with an input
- Set the maximum consecutive days with a loss
- Set the maximum drawdown (in % of strategy equity)
- Set the maximum intraday loss in percentage
- Limit the number of trades per day
- Limit the number of trades per week
- Stop-loss: None or Percentage or Trailing Stop Percentage or ATR - I'll add shortly multiple options for the trailing stop loss
- Take-Profit: None or Percentage or ATR - I'll add also a trailing take profit
- Risk-Reward based on ATR multiple for the Stop-Loss and Take-Profit

Special Thanks

Special thanks to @JosKodify as I borrowed a few risk management snippets from his website: https://kodify.net/tradingview-programmi...


📧 dave@best-trading-indicator

⏩ Trading Course: https://best-trading-indicator.com/pages/concepts

🐦 Twitter: https://twitter.com/bti_trading

💰 Discord: https://discord.gg/8Q4MBus
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יכולים להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.

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