Super Guppy Strategy

CM Super Guppy with Long/Short signals, backtesting, and additional options. Updated for PineScript v4.

BTCUSD

Features 2 primary modes, depending on your risk profile. These options are available in the settings:

"Early Signals" ON (default):

• Prints a "long" on grey to green transitions AND red to gray transitions.
  
• Prints a "short" on green to grey transitions AND gray to red transitions.
  
• Will not print back-to-back repeated positions (i.e. green → grey → red will only print the first green → gray "short" signal and not print "short" twice).
  
• Rotates long and short positions with no delay.
  

"Early Signals" OFF

• Will close trades, but never open new ones, when guppy transitions to from any color to gray.
  
• Open long: guppy transitions gray to green.
  
• Close long: guppy transitions green to gray.
  
• Open short: guppy transitions gray to red.
  
• Close short: guppy transitions red to gray.
  
• Does not rotate long and short positions back to back.
  

Additionally:

• Can toggle on/off the 200EMA. Default is off.
  
• Can toggle on/off short positions. Default is on.
  

In development: alerts

Versionsinformation:

Release notes:
minor aesthetic update for opening and closing shorts with "Early Signal" mode disabled to be consistent with the rest of the labels. Removed some redundant comments.



Additional Notes:
Original post also mistakenly had "100%" for position size. Here are some additional results:



2% position size:

15% position size:

30% position size:

Versionsinformation:

Ignore that last update, the screencaps did not publish the way I expected them to. I do advise playing around with position size while backtesting, and never go all in :).

Also small grammatical fix to the original post, since we can't edit in TV: "when guppy transitions to from any color to gray" should instead say "when guppy transitions from any color to gray"


Happy trading!