The core idea of this strategy is to identify trend reversal points by utilizing both Relative Strength Index (RSI) and moving averages of different timeframes, in order to capture mid-to-long term trends while conducting short-term trading. This strategy combines various trading signals in an attempt to improve trading success rate.
This strategy combines breakout signals from multiple technical indicators and moving averages of different timeframes to identify trends of different periods, thereby improving reliability. RSI identifies overbought/oversold levels, EMA determines short-term trend, WMA determines medium-term trend, while price crossover with auxiliary moving averages verifies the trend. The combination of multiple signals enhances strategy performance.
Risks can be mitigated through parameter optimization, strict stop loss strategy, and consideration of major trends etc.
This strategy integrates trend following and extreme reversal trading ideas, adds multi-timeframe analysis and synthesized indicators, aiming to improve trading success rate. Key is to control risk, optimize parameters, and consider impacts of major trends. Overall this is a practical strategy with strong adaptability. More advanced techniques can be used to further improve strategy quality.
/*backtest start: 2023-09-15 00:00:00 end: 2023-10-15 00:00:00 period: 2h basePeriod: 15m exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}] */ // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © HamidBox //@version=4 // strategy("H-M By HamidBox-YT", default_qty_type=strategy.cash, default_qty_value= 100, initial_capital=100, currency='USD', commission_type=strategy.commission.percent, commission_value=0.1) ma(source, length, type) => type == "SMA" ? sma(source , length) : type == "EMA" ? ema(source , length) : type == "WMA" ? wma(source , length) : type == "VWMA" ? vwma(source , length) : na WMA(source, length, type) => type == "SMA" ? sma(source , length) : type == "EMA" ? ema(source , length) : type == "WMA" ? wma(source , length) : type == "VWMA" ? vwma(source , length) : na WithMA(source, length, type) => type == "SMA" ? sma(source , length) : type == "EMA" ? ema(source , length) : type == "WMA" ? wma(source , length) : type == "VWMA" ? vwma(source , length) : na rsi_inline = input(true , title="RSI Value)", inline="rsi") rsiLength = input(title="Length:", type=input.integer, defval=9, minval=1, inline="rsi") rsiLineM = input(title="Level:", type=input.integer, defval=50, minval=1, inline="rsi") rsi_OSOBinline = input(true , title="RSI)", inline="rsiosob") rsiLineU = input(title="O-BOUGHT", type=input.integer, defval=70, minval=1, inline="rsiosob") rsiLineD = input(title="O-SOLD", type=input.integer, defval=30, minval=1, inline="rsiosob") ma_inline = input(true , title="Price-MA)", inline="ma") ma_type = input(title="Type", defval="EMA", options=["EMA","SMA","WMA","VWMA"], inline="ma") emaLength = input(title="Length", type=input.integer, defval=3, inline="ma") wma_inline = input(true , title="Trending-MA)", inline="wma") ma_type2 = input(title="", defval="WMA", options=["EMA","SMA","WMA","VWMA"], inline="wma") wmaLength = input(title="Length", type=input.integer, defval=21, inline="wma") //////////////////////////////////////////////////////////////////////////////// startTime = input(title="Start Time", type = input.time, defval = timestamp("01 Jan 2021 00:00 +0000"), group="Backtest Time Period") endTime = input(title="End Time", type = input.time, defval = timestamp("01 Jan 2200 00:00 +0000"), group="Backtest Time Period") inDateRange = true //////////////////////////////////////////////////////////////////////////////// rsi = rsi(close , rsiLength) r = plot(rsi_inline ? rsi : na, color=color.yellow, linewidth=2) EMA = ma(rsi, emaLength, ma_type) e = plot(ma_inline ? EMA : na, color=color.lime) myWMA = ma(rsi, wmaLength, ma_type2) w = plot(wma_inline ? myWMA : na, color=color.white, linewidth=2) up = hline(rsiLineU, title='UP Level', linewidth=1, color=color.red, linestyle=hline.style_dotted) mid = hline(rsiLineM, title='Mid Level', linewidth=2, color=color.white, linestyle=hline.style_dotted) dn = hline(rsiLineD, title='DN Level', linewidth=1, color=color.green, linestyle=hline.style_dotted) col_e_w = EMA > myWMA ? color.new(color.green , 85) : color.new(color.red , 85) col_r_w = rsi > myWMA ? color.new(color.green , 85) : color.new(color.red , 85) fill(e , w, color=col_e_w) fill(r , w, color=col_r_w) //////////////////////////////////////////////////////////////////////////////// //Signals = input(true,group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") /////////////////////////////////////////////////////////////////////////////// RSI_Cross = input(false, "RSI x Trending-MA", inline="wma_cross",group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") // INPUT rsiBuySignal = crossover(rsi , myWMA) plotshape(RSI_Cross ? rsiBuySignal : na, title="RSI Crossover", style=shape.labelup, location=location.bottom, color=color.green) rsiSellSignal = crossunder(rsi , myWMA) plotshape(RSI_Cross ? rsiSellSignal : na, title="RSI Crossunder", style=shape.labeldown, location=location.top, color=color.red) if rsiBuySignal and RSI_Cross and inDateRange strategy.entry("RSIxWMA", strategy.long) if rsiSellSignal and RSI_Cross and inDateRange strategy.close("RSIxWMA", comment="x") if (not inDateRange) strategy.close_all() //////////////////////////////////////////////////////////////////////////////// MA_Cross = input(false, "MA x Trendin-MA",group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") // INPUT maBuySignal = crossover(EMA, myWMA) plotshape(MA_Cross ? maBuySignal : na, title="MA Cross", style=shape.circle, location=location.bottom, color=color.lime) maSellSignal = crossunder(EMA , myWMA) plotshape(MA_Cross ? maSellSignal : na, title="RSI Crossunder", style=shape.circle, location=location.top, color=color.maroon) if maBuySignal and MA_Cross and inDateRange strategy.entry("MAxWMA", strategy.long) if maSellSignal and MA_Cross and inDateRange strategy.close("MAxWMA", comment="x") if (not inDateRange) strategy.close_all() //////////////////////////////////////////////////////////////////////////////// Mix = input(false, "RSI + EMA x Trending-MA",group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") // INPUT rsi_ma_buy = crossover(rsi , myWMA) and crossover(EMA, myWMA) rsi_ma_sell = crossunder(rsi , myWMA) and crossunder(EMA, myWMA) plotshape(Mix ? rsi_ma_buy : na, title="RSI Crossunder", style=shape.circle, location=location.bottom, color=color.lime, size=size.tiny) plotshape(Mix ? rsi_ma_sell : na, title="RSI Crossunder", style=shape.circle, location=location.top, color=color.yellow, size=size.tiny) if rsi_ma_buy and Mix and inDateRange strategy.entry("RSI+EMA x WMA", strategy.long) if rsi_ma_sell and Mix and inDateRange strategy.close("RSI+EMA x WMA", comment="x") if (not inDateRange) strategy.close_all() //////////////////////////////////////////////////////////////////////////////// wma_cross = input(false, "Trending-MA x 50",group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") // INPUT wma_buy = crossover(myWMA , rsiLineM) plotshape(wma_cross ? wma_buy : na, title="WMA Cross", style=shape.diamond, location=location.bottom, color=color.aqua) wma_sell = crossunder(myWMA , rsiLineM) plotshape(wma_cross ? wma_sell : na, title="WMA Cross", style=shape.diamond, location=location.top, color=color.aqua) if wma_buy and wma_cross and inDateRange strategy.entry("WMA x 50", strategy.long) if wma_sell and wma_cross and inDateRange strategy.close("WMA x 50", comment="x") if (not inDateRange) strategy.close_all() //////////////////////////////////////////////////////////////////////////////// rsi_50 = input(false, "RSI x 50",group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") // INPUT rsi_50_buy = crossover(rsi , rsiLineM) plotshape(rsi_50 ? rsi_50_buy : na, title="WMA Cross", style=shape.cross, location=location.bottom, color=color.purple) rsi_50_sell = crossunder(rsi , rsiLineM) plotshape(rsi_50 ? rsi_50_sell : na, title="WMA Cross", style=shape.cross, location=location.top, color=color.purple) if rsi_50_buy and rsi_50 and inDateRange strategy.entry("RSI Cross 50", strategy.long) if rsi_50_sell and rsi_50 and inDateRange strategy.close("RSI Cross 50", comment="x") if (not inDateRange) strategy.close_all() //////////////////////////////////////////////////////////////////////////////// RSI_OS_OB = input(false, "RSI OS/OB x Trending-MA",group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") // INPUT rsi_OB_buy = (rsi < rsiLineD or rsi[1] < rsiLineD[1] or rsi[2] < rsiLineD[2] or rsi[3] < rsiLineD[3] or rsi[4] < rsiLineD[4] or rsi[5] < rsiLineD[5]) and rsiBuySignal plotshape(RSI_OS_OB ? rsi_OB_buy : na, title="RSI OB + Cross", style=shape.circle, location=location.bottom, color=color.lime, size=size.tiny) rsi_OS_sell = (rsi > rsiLineU or rsi[1] > rsiLineU[1] or rsi[2] > rsiLineU[2] or rsi[3] > rsiLineU[3] or rsi[4] > rsiLineU[4] or rsi[5] > rsiLineU[5]) and maSellSignal plotshape(RSI_OS_OB ? rsi_OS_sell : na, title="RSI OS + Cross", style=shape.circle, location=location.top, color=color.red, size=size.tiny) if rsi_OB_buy and RSI_OS_OB and inDateRange strategy.entry("RSI-OBOS x WMA", strategy.long) if rsi_OS_sell and RSI_OS_OB and inDateRange strategy.close("RSI-OBOS x WMA", comment="x") if (not inDateRange) strategy.close_all() //////////////////////////////////////////////////////////////////////////////// rsi_OB_OS = input(false, "RSI Over Sold/Bought",group="👇 🚦 --- Backtesting Signals Type --- 🚦 ") // INPUT rsiBuy = crossover(rsi , rsiLineD) rsiSell = crossunder(rsi, rsiLineU) rsiExit = crossunder(rsi, rsiLineD) plotshape(rsi_OB_OS ? rsiBuy : na, title="RSI OB", style=shape.cross, location=location.bottom, color=color.purple) plotshape(rsi_OB_OS ? crossunder(rsi, rsiLineU) : na, title="RSI OS", style=shape.cross, location=location.top, color=color.purple) plotshape(rsi_OB_OS ? rsiExit : na, title="RSI OS", style=shape.cross, location=location.bottom, color=color.red) if rsiBuy and rsi_OB_OS and inDateRange strategy.entry("RSI OB", strategy.long) if (rsiSell or rsiExit) and rsi_OB_OS and inDateRange strategy.close("RSI OB", comment="x") if (not inDateRange) strategy.close_all() //////////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////////// With_MA_Vis = input(true , title="With MA Signal)", inline="WITH MA", group="With MA") withMA_type = input(title="", defval="SMA", options=["EMA","SMA","WMA","VWMA"], inline="WITH MA", group="With MA") with_MALen = input(title="", defval=9, type=input.integer, inline="WITH MA", group="With MA") // TAKE-PROFIT / STOP-LOSS Stop_Take_Vis = input(true, "TP-SL") LongSLValue = input(title="SL %", type=input.float, defval=3, minval=0.5) * 0.01 LongTPValue = input(title="TP %", type=input.float, defval=15, minval=0.5) * 0.01 LongSLDetermine = strategy.position_avg_price * (1 - LongSLValue) LongTPDetermine = strategy.position_avg_price * (1 + LongTPValue) ////////////////////////// with_ma = WithMA(close, with_MALen, withMA_type) Close_buy_MA = crossover(close , with_ma) Close_sell_MA = crossunder(close , with_ma) // PLOT OPTION WithMaSignal = input(true, "MA + RSI x Trending-MA",group="With MA") // INPUT // CONDITION IN VARIABLE withMA_RSI_BUY = (Close_buy_MA and rsiBuySignal) and WithMaSignal and inDateRange withMA_RSI_SELL = (Close_sell_MA and rsiSellSignal) and WithMaSignal and inDateRange // PLOT ING plotshape(WithMaSignal ? withMA_RSI_BUY : na, title="With MA", style=shape.diamond, location=location.bottom, color=color.aqua) plotshape(WithMaSignal ? withMA_RSI_SELL : na, title="With MA", style=shape.diamond, location=location.top, color=color.aqua) if withMA_RSI_BUY strategy.entry("MA + RSIxWMA", strategy.long) if withMA_RSI_SELL strategy.close("MA + RSIxWMA", comment="x") if (not inDateRange) strategy.close_all() // FOR SL - TP if (strategy.position_size > 0) and Stop_Take_Vis strategy.exit("BUY", stop=LongSLDetermine, limit=LongTPDetermine)template: strategy.tpl:40:21: executing "strategy.tpl" at <.api.GetStrategyListByName>: wrong number of args for GetStrategyListByName: want 7 got 6