99 lines
2.7 KiB
Markdown
99 lines
2.7 KiB
Markdown
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> Name
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SWING-TRADE-SIGNALS
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> Author
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ChaoZhang
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> Strategy Description
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BUY & SELL Signals for higher timeframes based on Ema & Sma with RSI overbought/oversold dots for possible reversal indication.
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It can be used for booking profit in the existing trade and take fresh position once the new candle breaks the high/low of alert candle depending upon the side.
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Best work with 1h+ timeframes.
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**backtest**
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> Strategy Arguments
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|Argument|Default|Description|
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|----|----|----|
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|v_input_1|5|ema_value|
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|v_input_2|50|sma_value|
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|v_input_3|80|Overbought limit of RSI|
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|v_input_4|20|Oversold limit of RSI|
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> Source (PineScript)
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``` pinescript
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/*backtest
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start: 2022-04-25 00:00:00
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end: 2022-05-24 23:59:00
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period: 1m
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basePeriod: 1m
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exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
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*/
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// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
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// © nicks1008
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//@version=4
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study("SWING CALLS",title="SMA call buy/sale",shorttitle = "SWING CALL",precision=1, overlay=true)
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ema_value=input(5)
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sma_value=input(50)
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ema1=ema(close,ema_value)
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sma2= sma(close,sma_value)
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rs=rsi(close,14)
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mycolor= iff(rs>=85 or rs<=15,color.yellow,iff(low> sma2,color.lime,iff(high<sma2,color.red,color.yellow)))
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hl=input(80,title="Overbought limit of RSI",step=1)
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ll=input(20,title="Oversold limit of RSI",step=1)
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buyexit= crossunder(rs,hl)
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sellexit=crossover(rs,ll)
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plot(sma2,title="Long SMA",color=mycolor,linewidth=2,transp=40)
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plotshape(buyexit,title="RSI alert Bearish", style=shape.triangledown,
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location=location.abovebar, color=color.teal, text="↓\n ↓")
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plotshape(sellexit,title="RSI alert Bullish", style=shape.triangleup,
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location=location.belowbar, color=color.teal, text="↑ \n ↑")
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sellcall= crossover(sma2,ema1)and open>close
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buycall=crossunder (sma2,ema1)and high>sma2
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plotshape(buycall,title="BuyShape", style=shape.labelup,
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location=location.belowbar, color=color.aqua, text="B",textcolor=color.white)
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plotshape(sellcall,title="SellShape", style=shape.labeldown,
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location=location.abovebar, color=color.red,transp=20, text="S",textcolor=color.black)
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alertcondition(buyexit or sellexit,title="Reversal", message="Possible Reversal on Swing Signal Alert")
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alertcondition(buycall or sellcall,title="Buy/Sale Swing Signal", message="Swing Signal Entry Alert")
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if buycall
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strategy.entry("Enter Long", strategy.long)
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else if sellcall
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strategy.entry("Enter Short", strategy.short)
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```
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> Detail
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https://www.fmz.com/strategy/365907
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> Last Modified
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2022-05-26 17:28:12
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