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365 Day High Breakout Strategy.pine
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365 Day High Breakout Strategy.pine
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Script Name: 365 Day High Breakout Strategy
Author: Atma_Sakshatkar
Description: SCRIPT NOTES
- Strategy consists of 3 parameters :-
1. BUY on 365 day breakout (250 days taken in back-testing instead of 365 days considering weekends and other holidays in a year)
2. Moving averages (Noise Filtering condition )
3. RELATIVE STRENTH indicator (Original Author - tradingview.com ) (Noise Filtering condition )
- Strategy works better on low...
PineScript code:
Pine Script™ strategy
365 Day High Breakout Strategy
Copy code
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//@version=4
strategy("365 Day High Breakout Strategy", overlay = true,
commission_type=strategy.commission.percent, commission_value= 0.15)
//------------------------------------------------------------------------------
// MOVING AVERAGE
len1 = input(50, minval=1, title="MA 50")
MA50 = sma(close, len1)
//plot(MA50, color=#00d8ff, linewidth=1, title="MA 50")
len2 = input(150, minval=1, title="MA 150")
MA150 = sma(close, len2)
//plot(MA150, color=color.purple, linewidth=1, title="MA 150")
len3 = input(200, minval=1, title="MA 200")
MA200 = sma(close, len3)
//plot(MA200, color=color.white, linewidth=1, title="MA 200")
//------------------------------------------------------------------------------
// RELATIVE STRENGTH
comparativeTickerId = input("NSE:NIFTY", type=input.symbol, title="Comparative Symbol") // ANY OTHER INDEX CAN BE USED
length = input(50, type=input.integer, minval=1, title="Comparative Period")
baseSymbol = security(syminfo.tickerid, timeframe.period, close)
comparativeSymbol = security(comparativeTickerId, timeframe.period, close)
RS = baseSymbol / baseSymbol[length] /
(comparativeSymbol / comparativeSymbol[length]) - 1
//------------------------------------------------------------------------------
// STRATEGY ENTRY / EXIT
//------------------------------------------------------------------------------
is_buy =
close > highest(high, 250 )[1]
and RS > 0
and MA50 > MA150 and MA150 > MA200
and close > MA50 and close > MA200
//------------------------------------------------------------------------------
//ATR Trailing Stop
ATRPeriod = input(14)
ATRMultip = input(3.5)
xATR = atr(ATRPeriod)
nLoss = ATRMultip * xATR
xATRTrailingStop = close
xATRTrailingStop := iff(close > nz(xATRTrailingStop[1], 0) and close[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), close - nLoss),
iff(close < nz(xATRTrailingStop[1], 0) and close[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), close + nLoss),
iff(close > nz(xATRTrailingStop[1], 0), close - nLoss, close + nLoss)))
//------------------------------------------------------------------------------
// PROFIT %
//longProfitPerc = input(title="Take Profit (%)", defval = 10, type = input.float ) / 100
//longExitPrice = strategy.position_avg_price * (1 + longProfitPerc)
// STOP LOSS %
//Long_sl = input(title="Loss (%)", defval = 4, type = input.float ) /100
//Long_stop_level = strategy.position_avg_price * (1 - Long_sl)
//------------------------------------------------------------------------------
buy_close =
( close < xATRTrailingStop[1] and not is_buy[1] )
//close > longExitPrice
//or close < Long_stop_level
//------------------------------------------------------------------------------
strategy.entry("Long", true, when = (is_buy and strategy.opentrades==0 ) )
strategy.close("Long", when = buy_close )
Expand (82 lines)