JustUncleL

Open Close Cross Alert R6 by JustUncleL

This revision of this indicator is an Open Public release. The indicator alert based on JayRogers "Open Close Cross Strategy R2" and is used in conjunction with the revised "Open Close Cross Strategy R5".

Description:
This indicator alert created for TradingView alarm sub-system (via the alertcondition() function, which currently does not work in a "Strategy" script). Also this indicator plots the Difference Factor between the Close and Open Moving Averages, this gives a good indication of strength of move. Also included in this release is optional Divergence finder with variable width channel.

Aug 08
Release Notes: R6.2 By JustUncleL:
  • Minor updates for Pinescript Version 3 Compliance.
  • Modified Divergence to display only when in correct High/Low zone.
Aug 08
Release Notes: ...Bug Fix
Correction on SuperSmooth MA calculation.
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JustUncleL
Excellent BTC / USD strategy, profit - risk ratio is just fire.! I ask, if there is time, to prescribe an algorithm for setting the exact test date, for example, from 12/12/2016 to 05/01/2019, it is currently written in bars, which is not convenient. THANK YOU VERY MUCH!
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kirillkiselev82 kirillkiselev82
@kirillkiselev82, I am aware that the strategy is not aimed at bitcoin, but it unexpectedly works well on it!
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JustUncleL kirillkiselev82
@kirillkiselev82, I will consider that option if I do another update, originally the Bar limit was there to prevent the "too many trades" error that occurred when working with lower time frames in particular. Normally I don't recommend using these OCC scripts for trading unless you know how to deal with the repaint issues that occur from time to time.
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@JustUncleL, Yes I observed, written on pine 2. strategy redraws and looks into the future.
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JustUncleL kirillkiselev82
@kirillkiselev82, Pine 2 does not matter too much as you can still code it without redraw, but then it does not perform as well. This is why I no longer use higher time frame data directly in my scripts and use other techniques.
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thank you, It looks great. Can I use that for autoview?
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@Smikel, This script was not coded for manual trading in mind, there is no code built-in to control AV trading.
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Smikel JustUncleL
@JustUncleL, yep, I see it was repainting all the time. If I put delayOffset=1 it suddenly goes from 80% to 35% and it's not profitable anymore. :(. Which strategy do you use for autoview?
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Hi,

Awesome script. I have added it into my chart but the overlay which shows short or long isn't showing up even though I had set overlay = true.
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@likepeas, This script is not designed to be overlayed, it is stand alone non-overlay script that generates the same signals as the "strategy" with the same settings. If you want to overlay it you can simply use "merge" up/down chart feature of TradingView.
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