Multiple Instrument Automation Screener

30 Jun

I have developed a Pine Script indicator on TradingView designed to demonstrate how to automate execution for ten instruments. This example utilizes a straightforward, Simple Moving Average (SMA) indicator. You can use it as a template, but use your indicator.

• The indicator computes long/short signals based on the crossing of the SMA using the security function
  
• It acts as a screener, presenting calculation results in an organized table format.
  
• Utilizing the varip variable, the indicator sends alerts for multiple instruments sequentially rather than simultaneously.
  
• For every generated signal, the indicator builds and sends a JSON execution command to a third-party tool, ensuring seamless integration and automation. You can use your own format.
  

Sent alerts look like this:
{"ticker": "DOGEBTC","action": "buy","price": "0.00000199","time": "1719754620658"}

Details and Limitations

• Instrument Limit: The example is configured for ten instruments for simplicity. However, it can be expanded to handle up to 40 instruments.
  
• Alert Rate Limit: There is a rate limit of 15 alerts in 3 minutes. Exceeding this limit may cause some alerts to be stopped. This can be managed by tracking the alert times and delaying some alerts, though this may affect the entry prices.
  
• Timing of Signal Generation: The indicator processes signals at the bar close to the active instrument. Due to its computational complexity, there is a slight delay in collecting all records, potentially causing signals to reflect a few seconds before the bar closes. Care should be taken when executing based on these signals.
  

Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.