ChaoZhang
Strategy Logic
This strategy integrates MACD, moving averages, alligator and more to identify trend direction for trend following.
The logic is:
Compute MACD short, long and histogram lines
Use histogram direction to determine short-term trend
Plot multiple moving averages to gauge price position
Alligator lines judge overall trend strength
Combining above indicators, go long/short when aligned
Stop loss when indicators flip for early reversal
By synthesizing multiple indicators, it aims to trade strong trends and cut losses early when reversals happen.
Advantages
MACD judges short-term trend and strength
MA positions determine mid- to long-term trends
Alligator shows overall trend strength
Multiple indicators improve accuracy
Risks
Extensive parameter optimization needed
Conflicting signals hard to interpret
Lagging issues with MAs etc
Summary
This strategy attempts to comprehensively determine trend direction using multiple indicators. But lagging issues and signal conflicts warrant caution despite optimization.
Strategy source code
/*backtest
start: 2023-09-06 00:00:00
end: 2023-09-13 00:00:00
period: 30m
basePeriod: 15m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/
//@version=5
strategy("5MSM VISHNU", overlay=true,process_orders_on_close=true)
//indicator(title="mahakaal", shorttitle="mahakaal", timeframe="", timeframe_gaps=true)
green = #26A69A
red = #FF0000
Yellow = #fcf932
// Getting inputs
fast_length = input(title="Fast Length", defval=12)
slow_length = input(title="Slow Length", defval=26)
src3 = input(title="Source", defval=close)
signal_length = input.int(title="Signal Smoothing", minval = 1, maxval = 50, defval = 9)
sma_source = input.string(title="Oscillator MA Type", defval="EMA", options=["SMA", "EMA"])
sma_signal = input.string(title="Signal Line MA Type", defval="EMA", options=["SMA", "EMA"])
// Plot colors
col_macd = input(#2962FF, "MACD Line ", group="Color Settings", inline="MACD")
col_signal = input(#FF6D00, "Signal Line ", group="Color Settings", inline="Signal")
col_grow_above = input(#26A69A, "Above Grow", group="Histogram", inline="Above")
col_fall_above = input(#B2DFDB, "Fall", group="Histogram", inline="Above")
col_grow_below = input(#FFCDD2, "Below Grow", group="Histogram", inline="Below")
col_fall_below = input(#FF5252, "Fall", group="Histogram", inline="Below")
// Calculating
fast_ma = sma_source == "SMA" ? ta.sma(src3, fast_length) : ta.ema(src3, fast_length)
slow_ma = sma_source == "SMA" ? ta.sma(src3, slow_length) : ta.ema(src3, slow_length)
macd = fast_ma - slow_ma
signal = sma_signal == "SMA" ? ta.sma(macd, signal_length) : ta.ema(macd, signal_length)
hist = macd - signal
//hline(0, "Zero Line", color=color.new(#787B86, 50))
//@version=5
//indicator(title="Moving Average Exponential", shorttitle="EMA", overlay=true, timeframe="", timeframe_gaps=true)
len = input.int(200, minval=1, title="Length")
src2 = input(close, title="Source")
offset = input.int(title="Offset", defval=0, minval=-500, maxval=500)
Bahubali = ta.ema(src2, len)
//plot(out, title="EMA", color=color.blue, offset=offset)
//@version=5
//indicator(title="Williams Alligator", shorttitle="Alligator", overlay=true, timeframe="", timeframe_gaps=true)
smma(src, length) =>
smma = 0.0
smma := na(smma[1]) ? ta.sma(src, length) : (smma[1] * (length - 1) + src) / length
smma
jawLength = input.int(13, minval=1, title="Jaw Length")
teethLength = input.int(8, minval=1, title="Teeth Length")
lipsLength = input.int(5, minval=1, title="Lips Length")
jawOffset = input(8, title="Jaw Offset")
teethOffset = input(5, title="Teeth Offset")
lipsOffset = input(3, title="Lips Offset")
jaw = smma(hl2, jawLength)
teeth = smma(hl2, teethLength)
lips = smma(hl2, lipsLength)
//plot(jaw, "Jaw", offset = jawOffset, color=#2962FF)
if (hist > 9)
hist := 10
if (hist < -9)
hist := -10
// Compose alert message
// Entry
alert_msg_long_entry =
"BUY 🟢 {{ticker}} CE " + str.tostring(math.floor((close - 100)/100)*100) + "\n" +
"####################\n\n" +
"{{strategy.order.id}}💹 Target 1: " + str.tostring(math.round(close + 35)) + "\n" +
"{{strategy.order.id}}💹 Target 2: " + str.tostring(math.round(close + 45)) + "\n" +
"\n" +
"{{strategy.order.id}} Stop Loss: " + str.tostring(math.round(close - 30)) + "\n\n" +
"\n" +
"ENTRY PRICE: " + str.tostring(math.round(close)) + "\n\n" +
"Current time: {{timenow}} \n" +
"Education purpose only"
// Entry
alert_msg_short_entry =
"BUY 🟢 {{ticker}} PE " + str.tostring(math.floor((close + 100)/100)*100) + "\n" +
"####################\n\n" +
"{{strategy.order.id}}💹 Target 1: " + str.tostring(math.round(close - 35)) + "\n" +
"{{strategy.order.id}}💹 Target 2: " + str.tostring(math.round(close - 45)) + "\n" +
"\n" +
"ENTRY PRICE: " + str.tostring(math.round(close)) + "\n\n" +
"{{strategy.order.id}} Stop Loss: " + str.tostring(math.round(close + 30)) + "\n\n" +
"Current time: {{timenow}} \n" +
"Education purpose only"
// EXIT
alert_msg_long_exit =
"🛑 EXIT {{ticker}} CE LONG POSITION ! \n" +
"EXIT PRICE: " + str.tostring(math.round(close)) + "\n" +
"\n" +
"Dont wait for exit msg in this 🆓 CHANNEL !! \n" +
"For 💯% accurate & profitable 💰💰💰 EXIT: \n" +
"BUY our 'triDEV' tradingview indicator strategy\n" +
"https://wa.me/917020641496"
// EXIT
alert_msg_short_exit =
"🛑 EXIT {{ticker}} PE Short POSITION ! \n" +
"EXIT PRICE: " + str.tostring(math.round(close)) + "\n" +
"\n" +
"Dont wait for exit msg in this 🆓 CHANNEL !! \n" +
"For 💯% accurate & profitable 💰💰💰 EXIT: \n" +
"BUY our 'triDEV' tradingview indicator strategy\n" +
"https://wa.me/917020641496"
tyme = time("1440", "0920-1515")
bullishtrend = ((hist > 0) and (close > lips ) and (low > lips ) and (close > Bahubali) and (lips > jaw) and tyme)
bearishtrend = ((hist < 0) and (close < lips ) and (high < lips ) and (close < Bahubali) and (lips < jaw) and tyme)
//plot(hist, title="Histogram", style=plot.style_columns, color=(hist > 0 ? ( bullishtrend ? green : Yellow ) : ( bearishtrend ? red : Yellow ) ))
strategy.entry("long", strategy.long, when = bullishtrend , alert_message = alert_msg_long_entry )
strategy.entry("short",strategy.short,when = bearishtrend , alert_message = alert_msg_short_entry)
longexit = (close < lips) or time("1440", "1515-1530") or (hist <= 0) //or (close < Bahubali)
shortexit = (close > lips) or time("1440", "1515-1530")or (hist >= 0) //or (close > Bahubali)
//strategy.exit("long tsl", "long", trail_points = close * 0.01 / syminfo.mintick, trail_offset = close * 0.01 / syminfo.mintick)
//strategy.exit("shoty tsl", "short", trail_points = close * 0.01 / syminfo.mintick, trail_offset = close * 0.01 / syminfo.mintick)
strategy.exit("long TSL", "long", limit = lips ,when = (longexit), alert_message = alert_msg_long_exit)
strategy.exit("short TSL","short",limit = lips ,when = (shortexit), alert_message = alert_msg_short_exit)
//PLOT FIXED SLTP LINE
// LONG POSITION
long_take_level_1 = strategy.position_avg_price + 35
long_take_level_2 = strategy.position_avg_price + 40
long_stop_level = strategy.position_avg_price - 30
plot(strategy.position_size > 0 ? long_take_level_1 : na, style=plot.style_linebr, color=color.green, linewidth=1, title="1st Long Take Profit")
plot(strategy.position_size > 0 ? long_take_level_2 : na, style=plot.style_linebr, color=color.green, linewidth=1, title="2nd Long Take Profit")
plot(strategy.position_size > 0 ? long_stop_level : na, style=plot.style_linebr, color=color.red, linewidth=1, title="Long Stop Loss")
//PLOT FIXED SLTP LINE
// SHORT POSITION
SHORT_take_level_1 = strategy.position_avg_price - 35
SHORT_take_level_2 = strategy.position_avg_price - 40
SHORT_stop_level = strategy.position_avg_price + 30
plot(strategy.position_size < 0 ? SHORT_take_level_1 : na, style=plot.style_linebr, color=color.green, linewidth=1, title="1st SHORT Take Profit")
plot(strategy.position_size < 0 ? SHORT_take_level_2 : na, style=plot.style_linebr, color=color.green, linewidth=1, title="2nd SHORT Take Profit")
plot(strategy.position_size < 0 ? SHORT_stop_level : na, style=plot.style_linebr, color=color.red, linewidth=1, title="SHORT Stop Loss")