MTF Stochastic

MTF Stochastic - free TradingView bot strategy and study.

Free crypto trading bot

To make our community more profitable we decided to start a series in which we will review open-source TradingView strategies. The aim of the review is to select a strategy (or a number of strategies) from TradingView and run a reality check on it, optimise them and convert into alerts, so you can set it up as a bot on Wunderbit Trading platform.

What we provide

Open-strategy source
Strategy adjustment for particular exchange, pair and timeframe
Backtest
Revised study script that you can apply in Wunderbit Trading platform for bot trading.

Description

This week we found a nice strategy for a 30 min time frame working for long and short entries for BTC-perpetual futures on FTX. The original idea was taken from: 03.freeman.You will find the original strategy code here: MTF stochastic strategy.

IMPORTANT!

This strategy was adjusted to make faster entry on lower time frames.
We added separate inputs for short conditions
You must set up trailing stops so the strategy can be executed according to backtest
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.

Settings – Applicable to FTX: BTC-PERP 30 min

Settings

Revised strategy script code

You can copy this code and paste it into your TradingView.

//Updated by: Wunderbit Trading
//Original Idea by: 03.freeman

//@version=4
strategy("MTF stochastic strategy", overlay=false, pyramiding=0, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD )
//
len_long = input(20, minval=1, title="Long Length for Main Stochastic")
smoothK_long = input(8, minval=1, title="Long SmoothK for Main Stochastic")
smoothD_long = input(8, minval=1, title="Long SmoothD for Main Stochastic")
upLine_long = input(85, minval=50, maxval=90, title=" Long Upper Line Value?")

// current stochastic calculation long
k_long = sma(stoch(close, high, low, len_long), smoothK_long)
d_long = sma(k_long, smoothD_long)

//mtf stochastic calculation smoothed with period long
MTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'
mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0)
mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0)

len_short = input(61, minval=1, title="Short Length for Main Stochastic")
smoothK_short = input(36, minval=1, title="Short SmoothK for Main Stochastic")
smoothD_short = input(15, minval=1, title="Short SmoothD for Main Stochastic")
lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?")

// current stochastic calculation long
k_short = sma(stoch(close, high, low, len_short), smoothK_short)
d_short = sma(k_short, smoothD_short)

//mtf stochastic calculation smoothed with period long
MTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'':timeframe.period=='W'?'D':'M'
mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0)
mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0)



//long_tp_inp = input(0.5, title='Long Take Profit %', step=0.1)/10
long_sl_inp = input(5, title='Long Stop Loss %', step=0.1)/100
long_trailing = input(1.3, title='Trailing Stop Long', step=0.1) / 100

//long_take_level = strategy.position_avg_price * (1 + long_tp_inp)
long_stop_level = strategy.position_avg_price * (1 - long_sl_inp)


//short_tp_inp = input(0.5, title='Short Take Profit %', step=0.1)/100
short_sl_inp = input(5, title='Short Stop Loss %', step=0.1)/100
short_trailing = input(1.3, title='Trailing Stop short', step=0.1) / 100

//short_take_level = strategy.position_avg_price * (1 - short_tp_inp)
short_stop_level = strategy.position_avg_price * (1 + short_sl_inp)


/// STRATEGY CONDITIONS ///

entry_long = crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long
entry_price_long=valuewhen(entry_long,close,0)
exit_long = crossunder(mtfD_long, upLine_long)


entry_short = crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short
entry_price_short=valuewhen(entry_short,close,0)
exit_short = crossunder(mtfK_short, lowLine_short)


/// PERIOD ///
testStartYear = input(2019, "Backtest Start Year")
testStartMonth = input(1, "Backtest Start Month")
testStartDay = input(1, "Backtest Start Day")
testPeriodStart = timestamp(testStartYear,testStartMonth,testStartDay,0,0)

testStopYear = input(9999, "Backtest Stop Year")
testStopMonth = input(12, "Backtest Stop Month")
testStopDay = input(31, "Backtest Stop Day")
testPeriodStop = timestamp(testStopYear,testStopMonth,testStopDay,0,0)

testPeriod() =>
    time >= testPeriodStart and time <= testPeriodStop ? true : false

//// STRATEGY EXECUTION ////

if testPeriod()

    strategy.entry(id="Long", long=true, when=entry_long)
    strategy.exit("Take Profit/ Stop Loss","Long", stop=long_stop_level,trail_points=entry_price_long * long_trailing / syminfo.mintick, trail_offset=entry_price_long * long_trailing / syminfo.mintick)
    strategy.close(id="Long", when=exit_long, comment = "Exit")

    strategy.entry(id="Short", long=false, when=entry_short)
    strategy.exit("Take Profit/ Stop Loss","Short", stop=short_stop_level, trail_points=entry_price_short * short_trailing / syminfo.mintick, trail_offset=entry_price_short * short_trailing / syminfo.mintick)
    strategy.close(id="Short", when=exit_short, comment = "Exit")

Revised study script code

You can copy this code and paste it into your TradingView.

//Created by: Wunderbit Trading

//@version=4
study("MTF stochastic strategy", overlay=true, max_bars_back=5000)
//
//this strategy is inspired to bobby thread in forexfactory forum
//
len_long = input(20, minval=1, title="Long Length for Main Stochastic")
smoothK_long = input(8, minval=1, title="Long SmoothK for Main Stochastic")
smoothD_long = input(8, minval=1, title="Long SmoothD for Main Stochastic")
upLine_long = input(85, minval=50, maxval=90, title=" Long Upper Line Value?")

// current stochastic calculation long
k_long = sma(stoch(close, high, low, len_long), smoothK_long)
d_long = sma(k_long, smoothD_long)

//mtf stochastic calculation smoothed with period long
MTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'
mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0)
mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0)

len_short = input(61, minval=1, title="Short Length for Main Stochastic")
smoothK_short = input(36, minval=1, title="Short SmoothK for Main Stochastic")
smoothD_short = input(15, minval=1, title="Short SmoothD for Main Stochastic")
lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?")

// current stochastic calculation long
k_short = sma(stoch(close, high, low, len_short), smoothK_short)
d_short = sma(k_short, smoothD_short)

//mtf stochastic calculation smoothed with period long
MTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M'
mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0)
mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0)


/// LONG TAKE TAKE PROFIT / TRAILING STOP ///
long_sl_inp = input(5, title='Long Stop Loss %', step=0.1)/100
long_trailing_act_price = input(1.2,'Long Trailing Activation Price', step=0.1)/100
long_trailing_profit_input=input(1.2, title="Long Trailing Profit %", step=0.1)/100

/// SHORT TAKE TAKE PROFIT / TRAILING STOP ///
short_sl_inp = input(5, title='Short Stop Loss %', step=0.1)/100
short_trailing_act_price_inp = input(1.2,'Short Trailing Activation Price', step=0.1)/100
short_trailing_profit_input=input(1.2, title="Long Trailing Profit %", step=0.1)/100


/// STRATEGY CONDITIONS ///

/// LONG CONDITION ///
isEntry_Long = false
isEntry_Long := nz(isEntry_Long[1], false)

isExit_Long = false
isExit_Long := nz(isExit_Long[1], false)

entry_long = not isEntry_Long and (crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long)
entry_price_long=valuewhen(entry_long,close,0)

long_traling_activation_price = entry_price_long * (1 + long_trailing_act_price)
//plot(long_traling_activation_price, color=color.green)


long_trailing_condition = open > long_traling_activation_price
highest_price = valuewhen(long_trailing_condition, high, 0)


highest_pine(src, len) =>
    max = src[0]
    for i = 1 to len by 1
        if src[i] > max
            max := src[i]
            max
    max

long_o = 0.0
long_o := highest_pine(high, barssince(entry_long))
//plot(long_o, color=color.orange)


long_valuewhen_1 = valuewhen(long_trailing_condition, high, 0)
long_valuewhen_2 = valuewhen(long_trailing_condition, high, 0)
highest_price := long_trailing_condition == false ? na :
  long_valuewhen_1 > long_o ? long_valuewhen_2 : highest_price[1]

long_trailing_profit = long_o * (1 - long_trailing_profit_input)
//plot(long_trailing_profit, color=color.white)
long_trailing = long_trailing_condition ? long_trailing_profit : na

SL_long = entry_price_long * (1 - long_sl_inp)
exit_long = not isExit_Long and (crossunder(mtfD_long, upLine_long) or low < SL_long or low < long_trailing)

if (entry_long)
    isEntry_Long := true
    isExit_Long := false

if (exit_long)
    isEntry_Long := false
    isExit_Long := true

//// SHORT CONDITION

isEntry_Short = false
isEntry_Short := nz(isEntry_Short[1], false)

isExit_Short = false
isExit_Short := nz(isExit_Short[1], false)

entry_short =  not isEntry_Short and (crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short)
entry_price_short=valuewhen(entry_short,close,0)

short_traling_activation_price = entry_price_short * (1 - short_trailing_act_price_inp)
//plot(short_traling_activation_price, color=color.green)


short_trailing_condition = close < short_traling_activation_price
lowest_price = valuewhen(short_trailing_condition, low, 0)


lowest_pine(src, len) =>
    max = src[0]
    for i = 1 to len by 1
        if src[i] < max
            max := src[i]
            max
    max

short_o = 0.0
short_o := lowest_pine(low, barssince(entry_short))
//plot(short_o, color=color.orange)


short_valuewhen_1 = valuewhen(short_trailing_condition, low, 0)
short_valuewhen_2 = valuewhen(short_trailing_condition, low, 0)
lowest_price := short_trailing_condition == false ? na :
  short_valuewhen_1 > short_o ? short_valuewhen_2 : lowest_price[1]

short_trailing_profit = short_o * (1 + short_trailing_profit_input)
//plot(short_trailing_profit, color=color.white)

short_trailing = short_trailing_condition ? short_trailing_profit : na
SL_short = entry_price_short * (1 + short_sl_inp)
exit_short = not isExit_Short and (crossover(mtfK_short, lowLine_short) or high > SL_short or high > short_trailing)

if (entry_short)
    isEntry_Short := true
    isExit_Short := false

if (exit_short)
    isEntry_Short := false
    isExit_Short := true



//// STRATEGY EXECUTION ////
alertcondition(entry_long, title="Enter Long")
alertcondition(exit_long, title="Exit Long")

plotshape(series=entry_long, text="BUY", style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
plotshape(series=exit_long, text="EXIT BUY",style=shape.triangledown, location=location.abovebar, color=color.purple, size=size.small)


// SHORT
alertcondition(entry_short, title="Enter Short")
alertcondition(exit_short, title="Exit Short")

plotshape(series=entry_short, text="SELL", style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small)
plotshape(series=exit_short, text="EXIT SELL",style=shape.triangleup, location=location.belowbar, color=color.purple, size=size.small)

PreviousRSI-VWAP NextForex Master

Last updated 3 years ago

//Updated by: Wunderbit Trading //Original Idea by: 03.freeman //@version=4 strategy("MTF stochastic strategy", overlay=false, pyramiding=0, commission_type=strategy.commission.percent, commission_value=0.07, default_qty_type = strategy.percent_of_equity, default_qty_value = 100, currency = currency.USD ) // len_long = input(20, minval=1, title="Long Length for Main Stochastic") smoothK_long = input(8, minval=1, title="Long SmoothK for Main Stochastic") smoothD_long = input(8, minval=1, title="Long SmoothD for Main Stochastic") upLine_long = input(85, minval=50, maxval=90, title=" Long Upper Line Value?") // current stochastic calculation long k_long = sma(stoch(close, high, low, len_long), smoothK_long) d_long = sma(k_long, smoothD_long) //mtf stochastic calculation smoothed with period long MTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M' mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0) mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0) len_short = input(61, minval=1, title="Short Length for Main Stochastic") smoothK_short = input(36, minval=1, title="Short SmoothK for Main Stochastic") smoothD_short = input(15, minval=1, title="Short SmoothD for Main Stochastic") lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?") // current stochastic calculation long k_short = sma(stoch(close, high, low, len_short), smoothK_short) d_short = sma(k_short, smoothD_short) //mtf stochastic calculation smoothed with period long MTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'':timeframe.period=='W'?'D':'M' mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0) mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0) //long_tp_inp = input(0.5, title='Long Take Profit %', step=0.1)/10 long_sl_inp = input(5, title='Long Stop Loss %', step=0.1)/100 long_trailing = input(1.3, title='Trailing Stop Long', step=0.1) / 100 //long_take_level = strategy.position_avg_price * (1 + long_tp_inp) long_stop_level = strategy.position_avg_price * (1 - long_sl_inp) //short_tp_inp = input(0.5, title='Short Take Profit %', step=0.1)/100 short_sl_inp = input(5, title='Short Stop Loss %', step=0.1)/100 short_trailing = input(1.3, title='Trailing Stop short', step=0.1) / 100 //short_take_level = strategy.position_avg_price * (1 - short_tp_inp) short_stop_level = strategy.position_avg_price * (1 + short_sl_inp) /// STRATEGY CONDITIONS /// entry_long = crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long entry_price_long=valuewhen(entry_long,close,0) exit_long = crossunder(mtfD_long, upLine_long) entry_short = crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short entry_price_short=valuewhen(entry_short,close,0) exit_short = crossunder(mtfK_short, lowLine_short) /// PERIOD /// testStartYear = input(2019, "Backtest Start Year") testStartMonth = input(1, "Backtest Start Month") testStartDay = input(1, "Backtest Start Day") testPeriodStart = timestamp(testStartYear,testStartMonth,testStartDay,0,0) testStopYear = input(9999, "Backtest Stop Year") testStopMonth = input(12, "Backtest Stop Month") testStopDay = input(31, "Backtest Stop Day") testPeriodStop = timestamp(testStopYear,testStopMonth,testStopDay,0,0) testPeriod() => time >= testPeriodStart and time <= testPeriodStop ? true : false //// STRATEGY EXECUTION //// if testPeriod() strategy.entry(id="Long", long=true, when=entry_long) strategy.exit("Take Profit/ Stop Loss","Long", stop=long_stop_level,trail_points=entry_price_long * long_trailing / syminfo.mintick, trail_offset=entry_price_long * long_trailing / syminfo.mintick) strategy.close(id="Long", when=exit_long, comment = "Exit") strategy.entry(id="Short", long=false, when=entry_short) strategy.exit("Take Profit/ Stop Loss","Short", stop=short_stop_level, trail_points=entry_price_short * short_trailing / syminfo.mintick, trail_offset=entry_price_short * short_trailing / syminfo.mintick) strategy.close(id="Short", when=exit_short, comment = "Exit")

//Created by: Wunderbit Trading //@version=4 study("MTF stochastic strategy", overlay=true, max_bars_back=5000) // //this strategy is inspired to bobby thread in forexfactory forum // len_long = input(20, minval=1, title="Long Length for Main Stochastic") smoothK_long = input(8, minval=1, title="Long SmoothK for Main Stochastic") smoothD_long = input(8, minval=1, title="Long SmoothD for Main Stochastic") upLine_long = input(85, minval=50, maxval=90, title=" Long Upper Line Value?") // current stochastic calculation long k_long = sma(stoch(close, high, low, len_long), smoothK_long) d_long = sma(k_long, smoothD_long) //mtf stochastic calculation smoothed with period long MTF_period_long= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M' mtfK_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(stoch(close, high, low, len_long), smoothK_long)),len_long,0) mtfD_long = linreg(security(syminfo.tickerid,MTF_period_long, sma(k_long, smoothD_long)),len_long,0) len_short = input(61, minval=1, title="Short Length for Main Stochastic") smoothK_short = input(36, minval=1, title="Short SmoothK for Main Stochastic") smoothD_short = input(15, minval=1, title="Short SmoothD for Main Stochastic") lowLine_short = input(15, minval=10, maxval=50, title=" Short Lower Line Value?") // current stochastic calculation long k_short = sma(stoch(close, high, low, len_short), smoothK_short) d_short = sma(k_short, smoothD_short) //mtf stochastic calculation smoothed with period long MTF_period_short= timeframe.period=='5'?'1':timeframe.period=='15'?'5':timeframe.period=='30'?'15':timeframe.period=='60'?'30':timeframe.period=='240'?'60':timeframe.period=='D'?'240':timeframe.period=='W'?'D':'M' mtfK_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(stoch(close, high, low, len_short), smoothK_short)),len_short,0) mtfD_short = linreg(security(syminfo.tickerid,MTF_period_short, sma(k_short, smoothD_short)),len_short,0) /// LONG TAKE TAKE PROFIT / TRAILING STOP /// long_sl_inp = input(5, title='Long Stop Loss %', step=0.1)/100 long_trailing_act_price = input(1.2,'Long Trailing Activation Price', step=0.1)/100 long_trailing_profit_input=input(1.2, title="Long Trailing Profit %", step=0.1)/100 /// SHORT TAKE TAKE PROFIT / TRAILING STOP /// short_sl_inp = input(5, title='Short Stop Loss %', step=0.1)/100 short_trailing_act_price_inp = input(1.2,'Short Trailing Activation Price', step=0.1)/100 short_trailing_profit_input=input(1.2, title="Long Trailing Profit %", step=0.1)/100 /// STRATEGY CONDITIONS /// /// LONG CONDITION /// isEntry_Long = false isEntry_Long := nz(isEntry_Long[1], false) isExit_Long = false isExit_Long := nz(isExit_Long[1], false) entry_long = not isEntry_Long and (crossover(mtfK_long, 50) and k_long > 50 and change(k_long, 1) > 0 and k_long > d_long and mtfK_long > mtfD_long) entry_price_long=valuewhen(entry_long,close,0) long_traling_activation_price = entry_price_long * (1 + long_trailing_act_price) //plot(long_traling_activation_price, color=color.green) long_trailing_condition = open > long_traling_activation_price highest_price = valuewhen(long_trailing_condition, high, 0) highest_pine(src, len) => max = src[0] for i = 1 to len by 1 if src[i] > max max := src[i] max max long_o = 0.0 long_o := highest_pine(high, barssince(entry_long)) //plot(long_o, color=color.orange) long_valuewhen_1 = valuewhen(long_trailing_condition, high, 0) long_valuewhen_2 = valuewhen(long_trailing_condition, high, 0) highest_price := long_trailing_condition == false ? na : long_valuewhen_1 > long_o ? long_valuewhen_2 : highest_price[1] long_trailing_profit = long_o * (1 - long_trailing_profit_input) //plot(long_trailing_profit, color=color.white) long_trailing = long_trailing_condition ? long_trailing_profit : na SL_long = entry_price_long * (1 - long_sl_inp) exit_long = not isExit_Long and (crossunder(mtfD_long, upLine_long) or low < SL_long or low < long_trailing) if (entry_long) isEntry_Long := true isExit_Long := false if (exit_long) isEntry_Long := false isExit_Long := true //// SHORT CONDITION isEntry_Short = false isEntry_Short := nz(isEntry_Short[1], false) isExit_Short = false isExit_Short := nz(isExit_Short[1], false) entry_short = not isEntry_Short and (crossunder(mtfD_short, 50) and k_short < 50 and change(k_short, 1) < 0 and k_short < d_short and mtfK_short < mtfD_short) entry_price_short=valuewhen(entry_short,close,0) short_traling_activation_price = entry_price_short * (1 - short_trailing_act_price_inp) //plot(short_traling_activation_price, color=color.green) short_trailing_condition = close < short_traling_activation_price lowest_price = valuewhen(short_trailing_condition, low, 0) lowest_pine(src, len) => max = src[0] for i = 1 to len by 1 if src[i] < max max := src[i] max max short_o = 0.0 short_o := lowest_pine(low, barssince(entry_short)) //plot(short_o, color=color.orange) short_valuewhen_1 = valuewhen(short_trailing_condition, low, 0) short_valuewhen_2 = valuewhen(short_trailing_condition, low, 0) lowest_price := short_trailing_condition == false ? na : short_valuewhen_1 > short_o ? short_valuewhen_2 : lowest_price[1] short_trailing_profit = short_o * (1 + short_trailing_profit_input) //plot(short_trailing_profit, color=color.white) short_trailing = short_trailing_condition ? short_trailing_profit : na SL_short = entry_price_short * (1 + short_sl_inp) exit_short = not isExit_Short and (crossover(mtfK_short, lowLine_short) or high > SL_short or high > short_trailing) if (entry_short) isEntry_Short := true isExit_Short := false if (exit_short) isEntry_Short := false isExit_Short := true //// STRATEGY EXECUTION //// alertcondition(entry_long, title="Enter Long") alertcondition(exit_long, title="Exit Long") plotshape(series=entry_long, text="BUY", style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small) plotshape(series=exit_long, text="EXIT BUY",style=shape.triangledown, location=location.abovebar, color=color.purple, size=size.small) // SHORT alertcondition(entry_short, title="Enter Short") alertcondition(exit_short, title="Exit Short") plotshape(series=entry_short, text="SELL", style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small) plotshape(series=exit_short, text="EXIT SELL",style=shape.triangleup, location=location.belowbar, color=color.purple, size=size.small)