Skip to content

Latest commit

 

History

History
154 lines (96 loc) · 3.79 KB

ESSMA.md

File metadata and controls

154 lines (96 loc) · 3.79 KB

Name

ESSMA

Author

ChaoZhang

Strategy Description

Concept:

There are a large number of moving averages available.

However, they are effective differently.

Trends confirmation and follow through requires a large number of moving averages to be used differently.

The concept here is to generate a combination moving average, each MA type can be weighted to provide a higher degree of confirmation of trend.

The weights are configurable in settings, and as a sample 50 length has been used.

ATR did not produce good result, so has been kept as optional.

The source can be modified.

The indicator provides a good Resistance support value in the larger time frame. And also provides a breakout and breakdown indication. Follow through is mostly effective.

The alert condition has been made such that it can directly be ported to discord.

For alerts one must configure their own message.

Happy trading.

IMG

Strategy Arguments

Argument Default Description
v_input_1_close 0 (?Source)Source: close
v_input_2 50 (?Length)Length1
v_input_float_1 2 (?Weights)SMA Weight
v_input_float_2 2 EMA Weight
v_input_float_3 2 WMA Weight
v_input_float_4 2 SMMA Weight
v_input_float_5 2 RMA Weight
v_input_bool_1 false (?ATR)Use ATR
v_input_int_1 14 ATR Length

Source (PineScript)

/*backtest
start: 2022-04-11 00:00:00
end: 2022-05-10 23:59:00
period: 1h
basePeriod: 15m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © bhavishya

//@version=5
indicator("ESSMA", overlay=true)
//inputs
source = input(close, "Source", group="Source")
length1 = input(50, "Length1", group = "Length")


w1 = input.float(2.0, "SMA Weight", group="Weights")
w2 = input.float(2.0, "EMA Weight", group="Weights")
w3 = input.float(2.0, "WMA Weight", group="Weights")
w4 = input.float(2.0, "SMMA Weight", group="Weights")
w5 = input.float(2.0, "RMA Weight", group="Weights")


useatr = input.bool(false, "Use ATR", group="ATR")

atrLen    = input.int(title="ATR Length", defval=14, group="ATR")

// functions

smma(src, length) =>
	smma =  0.0
	smma := na(smma[2]) ? ta.sma(src, length) : (smma[2] * (length - 1) + src) / length
	smma

essma(src,length) => 
    essma = 0.0
    
    smma = smma(src * w4,length) 
    ema = ta.ema(src * w2, length) 
    sma = ta.sma(src * w1, length) 
    wma = ta.wma(src * w3, length) 
    rma = ta.rma(src * w5, length) 
    
    essma := (smma/w4+ema/w2+sma/w1 - wma/w3 - rma/w5 + open + close)/(3) 
    essma
// calucations

// atr and MAs

atr = ta.atr(atrLen)

usesource = useatr ? atr : source

essma1 = essma(usesource, length1)
sessma1 = ta.wma(essma1, length1)
// plots


p1 = plot(essma1, "ESSMA", color.green)

ps1 = plot(sessma1, "ESSMA Smooth", color.red)

bool up = na
bool down = na

if (ta.crossover(essma1,sessma1))
    up := true
    
    
if (ta.crossunder(essma1, sessma1))
    down := true
    
plotshape(up, style=shape.labelup, location = location.belowbar, color=color.lime, text="B", textcolor=color.black)
plotshape(down, style=shape.labeldown, location = location.abovebar, color=color.orange, text="S", textcolor=color.black)


// alerts

alertcondition(up, "ESSMA UP", '{"content":"ESSMA BUY @ {{close}}" : "{{ticker}} int : {{interval}} - essma : {{plot_0}} / sessma {{plot_1}}"}')
alertcondition(down, "ESSMA DOWN", '{"content":"ESSMA SELL @ {{close}}" : "{{ticker}} int : {{interval}} -  essma :{{plot_0}} /sessma : {{plot_1}}"}')

if up
    strategy.entry("Enter Long", strategy.long)
else if down
    strategy.entry("Enter Short", strategy.short)

Detail

https://www.fmz.com/strategy/362637

Last Modified

2022-05-12 15:20:54