This is a Trend Following Strategy.
The intent of this strategy is to catchthe price as it trends higher than the 20-period EMA and sell immediately after the price closes below it.
I have implemented calculations from Stochastic to make sure the price is coming from an oversold area.
There is also a check to see if the 20-period EMA is trending higher than before.
MFI/STOCH Hidden Divergence/Trend Beater
General Idea:
My premise around this strategy was to make a general strategy for crypto that would help out with finding entry positions for when you’re bullish on a crypto and want to hold on for a while, and at the same time avoiding massive drops. Essentially a way to mix long term/ swing trading; I somewhat achieved...
Variety of possibilities offered by PineScript, especially thanks to recent additions, created some confusion. Especially one question repeats quite often - which method to use to trigger alerts?
I'm posting this to clarify and give some syntax examples. I'll discuss these 3 methods in chronological order, meaning - in the order they were introduced to...
This is a strategy to complement the 2GT indicator. It utilises the same rules as 2GT.
This is comprises of multiple popularly used indicators to help decide on whether to go long or short. This indicator will overlay the MA lines and background colours on your chart.
The heikin-ashi colour will be shown as the background colour. This will help you identify a...
"How to code moving stop-loss mechanism", is one of the most often repeating questions in private messages I receive, so just to focus on this mechanism, I made a spin-off from my previous script: TradingView-Alerts-to-MT4-MT5-dynamic-variables-NON-REPAINTING .
The logic here moves the stop-loss each time a trade is running and a new pivot high/low is detected....
En route to being absolutely the best and most complete trading platform out there, TradingView has just closed 2 gaps in their PineScript language.
It is now possible to create and backtest a strategy for trading with leverage.
Backtester now produces Margin Calls - so recognizes mid-trade drawdown and if it is too big for the broker to maintain your trade,...
Abstract
This script attempts to find the end of countertrend.
This script uses oscillators to measure long term and short period trends. When the long term trend keeps positive and clear short term period is over, this script provides a buy signal.
This script does not contain pullback, cut loss and re-enter. You need to add it manually.
Introduction
Many...
Howdy Algo-Traders! This example script has been created for educational purposes - to present how to use and automatically execute TradingView Alerts on real markets.
I'm posting this script today for a reason. TradingView has just released a new feature of the PineScript language - ALERT() function. Why is it important? It is finally possible to set alerts...
This strategy uses NYSE McClellan summation Index as an input for Stochastics to produce Buy/Sell signals. Buy signal is produced when Stochastics K Line Closes over 50, and Sell signal when closes under 50.
Info on McClellan Summation Index: www.investopedia.com
Info on Stochastics: www.investopedia.com
Simple yet effective strategy, let me know if you have...
This is back-testable strategy is a modified version of the Stochastic strategy. It is meant to accompany the modified Stochastic indicator: "Cycles".
Modifications to the Stochastic strategy include;
1. Programmable settings for the Stochastic Periods (%K, %D and Smooth %K).
2. Programmable settings for the MACD Periods (Fast, Slow, Smoothing)
3. Programmable...
Just a stochastic for giving you a smart and quick signals of entering and exiting.
Your enter is K>D in the low band and close > last bar's high.
An Ema has been added for targeting and stops.
You exit also in case of high values of K or in case D crosses over K but in the "upper".
Length, periods and level of bands are personalized.
The system goes long only,...
I found a simple strategy by Jake Bernstein, modified it a little and created a strategy with Risk Management System (SL+TP); After that I test it on the different cryptocurrency pairs.
About the Indicator
Basically it's the strategy of 2 indicators: Stochastic Oscillator to define the bias and Average Directional Index to confirm it.
One again, It uses...
Accidentally, I’m sharing open-source profitable Forex strategy. Accidentally, because this was aimed to be purely educational material. A few days ago TradingView released a very powerful feature of dynamic values from PineScript now being allowed to be passed in Alerts. And thanks to TradingConnector, they could be instantly executed in MT4 or MT5 platform of...
A simple strategy that yields some great results.
CODE VARIABLES
LINE 2 - Here you can change your currency and amount you want to invest on each entry.
LINE 10/11/12 - Here we establish what date we want to start backtesting from. Simply change the defval on each line to change the date (In the code below we start on Jan 1st, 2014).
LINES 19 through 27...
Introduction
Strategy based on the bilateral stochastic oscillator, this oscillator aim to detect trends and possible reversal points of the current trend. The oscillator is composed of 1 bull line in blue and 1 bear line in red as well as a signal line in orange, the strategy have many options such as two different strategy framework and a martingale mode. If...
![XBTUSD.P: Stochastic Pop and Drop by Jake Bernstein v1 [Bitduke]](https://s3.tradingview.com/k/kWhNGFXX_mid.png "Stochastic Pop and Drop by Jake Bernstein v1 [Bitduke]")
