This strategy is called “The Solid as a Rock VIP Quant Strategy”. It combines the Modified WMA indicator and the SSL Channel indicator to build a stable and reliable quantitative trading framework.
The strategy incorporates two indicators. One is the Modified WMA indicator, which calculates the average price of each candlestick and then applies the exponential moving average method to determine the trend direction. The other one is the SSL Channel indicator, which uses moving averages of highest and lowest prices to determine the price channel and judge the current trend status.
When the Modified WMA indicator generates a buy signal, that is, the golden cross, we combine the SSL Channel indicator to determine if the price in the channel is suitable. If the candle body is completely below the channel’s lower limit, we will place the buy order.
Through the ingenious combination of the Modified WMA indicator and the SSL Channel indicator, this strategy builds a stable and reliable quantitative trading framework. It has a strong ability to filter market noise while avoiding the risk of buying at high levels. With proper parameter settings and certain optimizations, it will be a highly outperforming strategy.
/*backtest start: 2022-12-12 00:00:00 end: 2023-12-18 00:00:00 period: 1d basePeriod: 1h 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/ // © Darshana_Alwis //@version=5 strategy("VIP", overlay=true, initial_capital=1000,currency=currency.USD,default_qty_type=strategy.percent_of_equity,default_qty_value=100,pyramiding=0) //SSS = Sultan+Saud Strategy //The original idea of the code belonges to saudALThaidy //The strategy code is basically made out of two other indicators, edited and combined by me. // 1- NSDT HAMA Candles => https://www.tradingview.com/script/k7nrF2oI-NSDT-HAMA-Candles/ // 2- SSL Channel => https://www.tradingview.com/script/6y9SkpnV-SSL-Channel/ //MA INFO WickColor = input.color(color.rgb(80, 80, 80, 100), title='Wick Color', tooltip='Suggest Full Transparency.') LengthMA = input.int(100, minval=1, title='MA Line Length', inline='MA Info') TakeProfit = input.float(1, minval=0, title='Take Profit Percentage', step=1) UseStopLose = input.bool(false, title='Use Stop Percentage') StopLose = input.float(1, minval=0, title='StopLose Percentage', step=1) MASource = close ma(source, length, type) => type == "SMA" ? ta.sma(source, length) : type == "EMA" ? ta.ema(source, length) : type == "SMMA (RMA)" ? ta.rma(source, length) : type == "WMA" ? ta.wma(source, length) : type == "VWMA" ? ta.vwma(source, length) : na ma1_color = color.rgb(230, 172, 0) ma1 = ma(high, 200, "SMA") ma2_color = color.red ma2 = ma(low, 200, "SMA") Hlv1 = float(na) Hlv1 := close > ma1 ? 1 : close < ma2 ? -1 : Hlv1[1] sslUp1 = Hlv1 < 0 ? ma2 : ma1 sslDown1 = Hlv1 < 0 ? ma1 : ma2 Color1 = Hlv1 == 1 ? ma1_color : ma2_color fillColor1 = color.new(Color1, 90) highLine1 = plot(sslUp1, title="UP", linewidth=2, color = Color1) lowLine1 = plot(sslDown1, title="DOWN", linewidth=2, color = Color1) OpenLength = 25 HighLength = 20 LowLength = 20 CloseLength = 20 SourceOpen = (open[1] + close[1]) / 2 SourceHigh = math.max(high, close) SourceLow = math.min(low, close) SourceClose = (open + high + low + close) / 4 funcCalcMA1(src1, len1) => ta.ema(src1, len1) funcCalcOpen(SourceOpen, OpenLength) => ta.ema(SourceOpen, OpenLength) funcCalcHigh(SourceHigh, HighLength) => ta.ema(SourceHigh, HighLength) funcCalcLow(SourceLow, LowLength) => ta.ema(SourceLow, LowLength) funcCalcClose(SourceClose, CloseLength) => ta.ema(SourceClose, CloseLength) MA_1 = funcCalcMA1(MASource, LengthMA) CandleOpen = funcCalcOpen(SourceOpen, OpenLength) CandleHigh = funcCalcHigh(SourceHigh, HighLength) CandleLow = funcCalcLow(SourceLow, LowLength) CandleClose = funcCalcClose(SourceClose, CloseLength) //PLOT CANDLES //-------------------------------NSDT HAMA Candels BodyColor = CandleOpen > CandleOpen[1] ? color.rgb(230, 172, 0) : color.red barcolor(BodyColor) plotcandle(CandleOpen, CandleHigh, CandleLow, CandleClose, color=BodyColor, title='HAMA Candles', wickcolor=WickColor, bordercolor=na) plot(MA_1, title='MA Line', color=BodyColor, style=plot.style_line, linewidth=2) //------------------------------SSL Channel plot_buy = false avg = ((high-low)/2)+low LongCondition = (Hlv1 == 1 and Hlv1[1] == -1) and (BodyColor == color.rgb(230, 172, 0)) and (MA_1 < avg) and (CandleHigh < avg) and (strategy.opentrades == 0) if LongCondition strategy.entry("BUY with VIP", strategy.long) plot_buy := true base = strategy.opentrades.entry_price(0) baseProfit = (base+((base/100)*TakeProfit)) baseLose = (base-((base/100)*StopLose)) strategy.exit("SELL with VIP","BUY with VIP",limit = baseProfit) if UseStopLose and (close < MA_1) strategy.exit("SELL with VIP","BUY with VIP",stop = baseLose) if not UseStopLose and (close < MA_1) strategy.exit("SELL with VIP","BUY with VIP", stop = close) plotshape(plot_buy, title="Buy Label", text="Buy", location=location.belowbar, style=shape.labelup, size=size.tiny, color=Color1, textcolor=color.white) fill(highLine1, lowLine1, color = fillColor1)template: strategy.tpl:40:21: executing "strategy.tpl" at <.api.GetStrategyListByName>: wrong number of args for GetStrategyListByName: want 7 got 6