OPEN-SOURCE SCRIPT
Updated DCA, Support and Resistance with RSI and Trend Filter
This script is based on
tradingview.com/v/8avMvSbe/ script from Kieranj with added pyramiding and DCA
The buy condition (buyCondition) is triggered when the RSI crosses above the oversold threshold (ta.crossover(rsi, oversoldThreshold)), the trend filter confirms an uptrend (isUptrend is true), and the close price is greater than or equal to the support level (close >= supportLevel).
The partial sell condition (sellCondition) is triggered when the RSI crosses below the overbought threshold (ta.crossunder(rsi, overboughtThreshold)) and profit goal is reached, the trend filter confirms a downtrend (isUptrend is false), and the close price is less than or equal to the resistance level (close <= resistanceLevel).
Full sell will be triggered if trend is broken and profit goal is reached
With this implementation, the signals will only be generated in the direction of the trend on the 4-hour timeframe. The trend is considered up when the 50-period SMA is below the 200-period SMA (ta.sma(trendFilterSource, 50) < ta.sma(trendFilterSource, 200)).
Pyramiding should be activated, values like 100, so every DCA step should be around 1%
i have best results on 5 min charts
tradingview.com/v/8avMvSbe/ script from Kieranj with added pyramiding and DCA
The buy condition (buyCondition) is triggered when the RSI crosses above the oversold threshold (ta.crossover(rsi, oversoldThreshold)), the trend filter confirms an uptrend (isUptrend is true), and the close price is greater than or equal to the support level (close >= supportLevel).
The partial sell condition (sellCondition) is triggered when the RSI crosses below the overbought threshold (ta.crossunder(rsi, overboughtThreshold)) and profit goal is reached, the trend filter confirms a downtrend (isUptrend is false), and the close price is less than or equal to the resistance level (close <= resistanceLevel).
Full sell will be triggered if trend is broken and profit goal is reached
With this implementation, the signals will only be generated in the direction of the trend on the 4-hour timeframe. The trend is considered up when the 50-period SMA is below the 200-period SMA (ta.sma(trendFilterSource, 50) < ta.sma(trendFilterSource, 200)).
Pyramiding should be activated, values like 100, so every DCA step should be around 1%
i have best results on 5 min charts
Release Notes
-Added Wavetrend as additional indicator for buying/selling-Set all default parameters same as i doing backtests.
-other small fixes
Release Notes
Added new option:Using g trend as trend filter module:
tradingview.com/v/utIrJYJS/
thanks LUIS_GANDARA_G_TREND
Release Notes
- Added MCAD as trend indicator- Reworked multi time frames :
The strategy working now on 3 time frames
1. Time frame where buy/sell signals on base of Wavetrend(default is on) and RSI are triggered. I'm using 5 min.
2-3. Slow and fast trend time frames. Signals from time frame 1 are ignored if on this time frames RSI or Trend (MCAD or G trend) conditions are not meet. I'm using 15 min and 4 hours.
Release Notes
- in previous post index was of course MACD, cant edit anymore- Added new option for cooldown between orders
- fixed several bugs, specially on short side trading
Release Notes
- added new option: based on ATR partial sells can be deactivated- updated default values
Release Notes
- Fixed repainting, needed to remove all indicators except MACD for it for now, but MACD has the best performance anywayRelease Notes
-- other repainting fixRelease Notes
- fix, negative numbers in % profit goals working now, maybe good in some situations.Release Notes
- new options on fast and slow filters for full sells if wrong direction, it was hard coded till now- new options for threshold entries on slow trend filter, filter is not activated till threshold amount of entries is reached
Release Notes
--Added new parameter for slow trend:"Threshold profit %", slow trend filter will be disabled if current profit bigger then this value, default -2.
Release Notes
-- fixed bug: profit and profit outside trend made exactly opposite-- added new parameter: profit on high ATR (was the same as profit outside trend before)
-- added new parameter: source, was hard coded to close before, default close
-- added better comments to chart
Release Notes
-- Added ichimoku cloud as trend filter (default will stay MACD)-- Changed default MACD source from SMA to EMA
-- Bugfix: heikinashi and MACD
Release Notes
-- added Volatility Gaussian Bands [BigBeluga] ![Volatility Gaussian Bands [BigBeluga]](https://tradingview.sweetlogin.com/proxy-s3/z/ZRD7xSGy_mid.png)
Release Notes
-- bugfix: fixed wrong executed part. sells in today releaseRelease Notes
--Added additional full sell signals on fast and slow trendsRelease Notes
-- bugfix full sell repainting in rare casesRelease Notes
-- other bugfixRelease Notes
--bugfix: cooldown periodRelease Notes
-- Fixed small bug in "Threshold entries" on slow trend, changed default value to 3Release Notes
-- bugfix: buy and sell signal on same candle(very rare case)Release Notes
-- added new option:Additional entry signal on fast trend filter, if wave trend triggered(default true)
Release Notes
-- added Schaff Trend Cycle als option-- fixed several bugs
Release Notes
--other bugfixRelease Notes
-- added new panic sell mode: it reducing position on a smart way depends of settings-- changed default part. sell to 10
-- fixed bugs
Release Notes
-- small bugfixes-- changed default part sell to 20%
Release Notes
-- bugfix: multiple trend filters simultaneously possibleRelease Notes
-- New Option: disable entry or close position-- Bugfix
Release Notes
-- added new option: start position size and price-- bugfix
Release Notes
-- added separated profit(full sell) setting for slow and fast trend-- added separated wavetrend settings for slow and full trend
Release Notes
-- added ADX index-- bugfixes
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.