shawnteoh

MA Emperor insiliconot Strategy

Converted EmperorBTC's EMA crossover indicator for easy backtesting and added ability to:
  • Specify time period for backtesting
  • Specify order quantity
  • Toggle original indicators (default off)

Quoting EmperorBTC:
Entry is to be made when the
1. Cross over gives a P(Positive Sign) and the candle completely closes above the cross-over
2. When the Heikin Ashi turns green and the next green HA candle goes above the previous green HA candle.
3. The price should be at-least above the 0.236 Level from the Swing high.

Kindly note that the strategy only attempts to do check number 1, where it ensures the entry opens above the cross-over.
Release Notes: Updated to Pine Script v4 and implemented more checks before buying/selling:
  • Candle closes above / below the cross
  • Candle closes above 0.236 Fib / below 0.764 Fib from the most recent swing high / swing low
  • Next Heikin Ashi candle is green / red
Release Notes: Updated formula for pivot points
Release Notes: The alert script was hidden due to TradingView's rules, they do not allow similar scripts to be published. Therefore in order to enable alert functionalities, kindly duplicate this script and comment/uncomment (i.e. adding/removing "//") the indicated rows marked as "//Comment for alert" or "//Uncomment for alert".

If my work helped you, ETH address: 0xF9538782fE92783346eB5f41150176D125ED7048
Release Notes: Missed out a line to comment out for alert
Release Notes:
  • Simplified backtest range input
  • Alternate background color for signals instead of using floating shapes
  • Remove order quantity input, can be done via TradingView's in-built strategy properties which are much more robust
Release Notes: Left the old floating shapes commented out in case anyone prefers them
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Kommentarer

Hi Shawnteoh,

Thanks for the script. For alerts I have commented and uncommented as uncommented in the script as mentioned. :)
Now I am a novice in trading view and trying to see add alert in the trading view UI.
Is this right:
On the indicator on the chart > 3 dots(options) > Add alert on <Script name>.
Alert dialog opens..

Condition:
Dropdown 1 > <indicator name>
Dropdown 2 >Buy condition

Options:
selecting "Once per bar close"
Svara
shawnteoh jayeshvg88
Svara
jayeshvg88 shawnteoh
@shawnteoh, Awesome.. Thanks again.. :)
Svara
Hi Shawnteoh,
Thanks for the script.
What would be the right way to set up the position sizes to show the performance for, let's say, a 10.000USD investment?
So far I only managed to set a contract size, which results in different USD amounts depending on the stock price. If I leave the contracts at 1 at the properties tab, and play with the input numbers, no changes are made in the backtesting panels. Thanks!
Svara
shawnteoh sauriki
@sauriki, at row 5, add default_qty_type = strategy.cash for the orders to be in USD instead of unit size
Svara
Release Notes: The alert script was hidden due to TradingView's rules, they do not allow similar scripts to be published. Therefore in order to enable alert functionalities, kindly duplicate this script and comment/uncomment (i.e. adding/removing "//") the indicated rows marked as "//Comment for alert" or "//Uncomment for alert"..
I dont get the comment for alert.
Can you explain further?
Svara
shawnteoh moonstoned
@moonstoned, it basically means to uncomment the alert related lines and comment out the strategy related lines within the code, effectively converting this from a strategy to indicator.
Svara
Heatzer shawnteoh
@shawnteoh, Why am I getting this error after comment/uncomment? Appreciate your response to this

"You cannot use strategy functions (strategy.risk.allow_entry_in) in study script. Please replace 'study' with 'strategy'."
Svara
Thanks a lot for the backtesting! Have you managed to set alerts ?
Svara