Created
February 3, 2022 05:50
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My Tradingview strategies
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//@version=5 | |
strategy("BB strategy Production", overlay=true, initial_capital=100, commission_type=strategy.commission.percent, commission_value=0.04) | |
// truncate() truncates a given number | |
// to a certain number of decimals | |
truncate(number, decimals) => | |
factor = math.pow(10, decimals) | |
int(number * factor) / factor | |
_close = close | |
length = input.int(60, minval=1) //default:20 , optimized value:60 | |
mult = input.float(2.2, minval=0.001, maxval=50) //default:2.0, optimized value:2.2 | |
basis = ta.sma(_close, length) | |
stopPercent=9 //Stop Loss percentage for a single trade | |
stopPercent:=stopPercent/100 | |
dev = mult * ta.stdev(_close, length) | |
upper = basis + dev | |
lower = basis - dev | |
// For debugging | |
plot(basis, color=color.yellow, title="Basis") | |
plot(lower, color=color.blue, title="Lower") | |
plot(upper, color=color.blue, title="Upper") | |
plotchar(strategy.equity, "Equity", "", location.top, size = size.tiny) | |
plotchar(strategy.position_size, "Position Size", "", location.top, size = size.tiny) | |
plotchar(strategy.position_avg_price, "Position's Avg Price", "", location.top, size = size.tiny) | |
quantity = truncate(strategy.equity/_close,3) | |
//LONG Entry | |
if (ta.crossover(_close, lower) and _close<basis) | |
// if(lower>stopLimit) | |
// stopLimit:=lower | |
comment1=str.format("LONG:{0}",quantity) | |
strategy.entry("BBandLE",strategy.long, qty=quantity, oca_name="BollingerBands", comment=comment1) | |
//SHORT Entry | |
if (ta.crossunder(_close, upper) and _close>basis) | |
comment1=str.format("SHORT:{0}",quantity) | |
strategy.entry("BBandSE",strategy.short, qty=quantity, oca_name="BollingerBands", comment=comment1) | |
// Determine stop loss price | |
longStopPrice = strategy.position_avg_price * (1 - stopPercent) | |
shortStopPrice = strategy.position_avg_price * (1 + stopPercent) | |
plotchar(longStopPrice, "Long Stop Loss", "", location.top, size = size.tiny) | |
plotchar(shortStopPrice, "Short Stop Loss", "", location.top, size = size.tiny) | |
//Submit exit orders based on calculated stop loss price | |
if (strategy.position_size > 0) | |
strategy.exit(id="BBandLE", stop=longStopPrice, comment=str.tostring(longStopPrice)) | |
if (strategy.position_size < 0) | |
strategy.exit(id="BBandSE", stop=shortStopPrice, comment=str.tostring(shortStopPrice)) | |
//Risk | |
strategy.risk.max_drawdown(30, strategy.percent_of_equity) | |
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