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.
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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
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Updated formula for pivot points
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Missed out a line to comment out for alert
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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
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Left the old floating shapes commented out in case anyone prefers them
Pls explain in simple way...m not able to understand the steps
Nd what does P N means
MR76O
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How can I set it so the EMA's show on the current time frame? Currently, it only shows on the last blosed bar, not the current active unclosed bar.
Neap
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Hello. Thanks for your work! Could you explain from the start for a beginner how to set up alerts for this?
jayeshvg88
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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..
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!
shawnteoh
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@sauriki, at row 5, add default_qty_type = strategy.cash for the orders to be in USD instead of unit size
moonstoned
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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?
shawnteoh
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@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.
Nd what does P N means