This strategy combines signals from price and trading volume, along with Fibonacci retracement levels, to generate buy and sell signals within the 15-minute and 45-minute timeframes. The strategy employs multiple moving averages (MAs) as indicators of trend and momentum, including Simple Moving Averages (SMAs) and Exponential Moving Averages (EMAs). Additionally, Fibonacci retracement levels are used as potential entry points. The primary objective of the strategy is to capture buying and selling opportunities promptly when significant changes in price and trading volume occur.
This strategy generates buy and sell signals within multiple timeframes by combining price, trading volume, and Fibonacci retracement levels. The strategy’s advantage lies in its comprehensive consideration of multiple market elements and the use of multiple MAs and EMAs as auxiliary indicators. However, the strategy may generate excessive trading signals in choppy markets and relies on indicators calculated from historical data. Therefore, further optimization is needed to improve its adaptability and reliability. Optimization directions include introducing trend strength indicators, optimizing parameters, combining other technical indicators, and introducing risk management measures.
/*backtest start: 2023-05-28 00:00:00 end: 2024-06-02 00:00:00 period: 1d basePeriod: 1h exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}] */ //@version=5 strategy(title="Buy/Sell with Volume and Candlestick Signals", overlay=true) // Fibonacci Retracement Levels var float[] fibonacciLevels = array.new_float(5) array.set(fibonacciLevels, 2, 0.47) array.set(fibonacciLevels, 3, 0.658) array.set(fibonacciLevels, 4, 0.886) // Calculate Fibonacci Retracement Levels fibonacciRetrace(highLevel, lowLevel) => priceRange = highLevel - lowLevel retracementLevels = array.new_float(0) for i = 0 to array.size(fibonacciLevels) - 1 level = highLevel - array.get(fibonacciLevels, i) * priceRange array.push(retracementLevels, level) retracementLevels fibRetracementValues = fibonacciRetrace(high, low) fibRetracement = ta.sma(close, 21) plot(fibRetracement, color=color.purple, title="Fibonacci Retracement") // Define inputs fast_ma = input.int(title="Fast MA Period", defval=10) short_sma_10 = input.int(title="Short SMA 10 Period", defval=10) short_sma_60 = input.int(title="Short SMA 60 Period", defval=60) slow_ma = input.int(title="Slow MA Period", defval=30) ema1Length = input.int(title="EMA 1 Length", defval=3) fast_ma_9 = input.int(title="Fast MA 9", defval=9) // Define indicators fast_ma_val = ta.sma(close, fast_ma) short_sma_10_val = ta.sma(close, short_sma_10) short_sma_60_val = ta.sma(close, short_sma_60) slow_ma_val = ta.sma(close, slow_ma) up_trend = fast_ma_val > slow_ma_val down_trend = fast_ma_val < slow_ma_val volume_up = volume > ta.sma(volume, 20) volume_down = volume < ta.sma(volume, 20) // Calculate accuracy values fast_ema_val = ta.ema(close, fast_ma) slow_ema_val = ta.ema(close, slow_ma) ema1_val = ta.ema(close, ema1Length) fast_ma_9_val = ta.sma(close, fast_ma_9) ema7_val = ta.ema(close, 7) accuracy = ta.crossover(close, slow_ma_val) ? fast_ema_val : slow_ema_val // Define lines plot(up_trend ? fast_ma_val : na, color=color.green, linewidth=2, title="Up Trend") plot(down_trend ? fast_ma_val : na, color=color.red, linewidth=2, title="Down Trend") plot(volume_up ? fast_ma_val : na, color=color.green, linewidth=2, title="Volume Up") plot(volume_down ? fast_ma_val : na, color=color.red, linewidth=2, title="Volume Down") plot(accuracy, color=color.yellow, linewidth=1, title="Accuracy Line") plot(ema1_val, color=color.purple, linewidth=1, title="EMA 1") plot(fast_ma_9_val, color=color.orange, linewidth=1, title="Fast MA 9") plot(ema7_val, color=color.blue, linewidth=1, title="EMA 7") plot(short_sma_60_val, color=color.red, linewidth=1, title="Short SMA 60") hline(0, color=color.gray, linestyle=hline.style_dotted, title="Zero Line") // Buy/Sell Signals buySignal = ta.crossunder(short_sma_60_val, accuracy) sellSignal = ta.crossover(short_sma_60_val, accuracy) // Exit Signals exitLongSignal = ta.crossunder(fast_ma_9_val, ema7_val) exitShortSignal = ta.crossover(fast_ma_9_val, ema7_val) // Plot Buy/Sell Signals plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="Buy") plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="Sell") if exitLongSignal strategy.close("Buy") if exitShortSignal strategy.close("Sell") if buySignal strategy.entry("Enter Long", strategy.long) else if sellSignal strategy.entry("Enter Short", strategy.short)template: strategy.tpl:40:21: executing "strategy.tpl" at <.api.GetStrategyListByName>: wrong number of args for GetStrategyListByName: want 7 got 6