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OPEN-SOURCE SCRIPT
Updated

Rate of Change Strategy

4 132
This strategy calculates the rate of change over time to determine buy/sell points. This strategy is best run with 1 hour candles.

Configurable values:

  • SMA Fast (days)
  • SMA Slow (days)
  • SMA Reference (days)
  • ROC Low (%)
  • ROC High (%)
  • Order Stake (%)
  • Look back Candles
Release Notes
Quite a few changes with this release...

  • IMPORTANT - default settings are for ADAUSDT on BINANCE_US with 1 hour candles
  • Use 1 hour candles with this strategy
  • Got rid of high offset, we're just going to use trailing stoploss and take profit to exit.
  • Added plots for everything
  • Added absolute stoploss
  • Added take profit
  • Added bullish outside candle reversal as a buy signal
  • Read the comments for details
  • Still need to make some variables accessible via the settings
Release Notes
Lots of changes, biggest being the correct code for stops and trailing stops.

  • Removed candle signal
  • Changed percentage inputs to take whole numbers
  • Show all plots with a checkbox
  • Configured for ETH on BinanceUS with 30 min candles
Release Notes
Reset some default values for ETH on BinanceUS 30m candles
Release Notes
Updated to pinescript 5, best used with day candles.

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.

sonnyparlin
Also on:
Simple Moving Average (SMA)sma

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.
Simple Moving Average (SMA)sma

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.

sonnyparlin
Also on:

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.