GRASS Purple Cloud [MMD] MTF

21 Apr

This Pine Script code is a trading strategy designed for use on the TradingView platform. It implements a multi-timeframe (MTF) strategy called "GRASS Purple Cloud [MMD]" that utilizes various technical indicators to generate buy and sell signals. Below is a breakdown of the key components of the script:

Key Components of the Strategy
Inputs:

HTF (Higher Time Frame): Allows the user to select a higher time frame for analysis.
ATR and Supertrend Parameters: Inputs for the Average True Range (ATR) and Supertrend indicator, which are used to determine market volatility and trend direction.
Buying and Selling Pressure Thresholds: These thresholds help define conditions for entering trades based on buying and selling pressure.
Backtest Date Range: Users can specify a date range for backtesting the strategy.
HTF Logic:

The htfLogic function calculates various values based on the selected higher time frame, including buying and selling conditions, which are then used to generate signals.
Signal State Tracking:

The script tracks the state of buy and sell signals using a variable xs, which changes based on the conditions defined in the htfLogic function.
Coloring and Labels:

The bars on the chart are colored green for buy signals and red for sell signals. Additionally, labels are plotted to indicate strong buy and sell signals.
EMA Plotting:

The script includes optional plotting of Exponential Moving Averages (EMAs) for 20, 50, and 200 periods, which can help traders identify trends.
Trade Management:

The strategy includes parameters for take profit (TP) and stop loss (SL) levels, allowing for risk management. The user can specify the percentage for TP and SL, as well as the number of units to sell at each level.
Entries and Exits:

The script defines conditions for entering long and short positions based on the buy and sell signals. It also manages exits based on TP and SL levels.
Trendline Logic:

The script identifies the last two significant highs to draw a trendline, which can help visualize market structure.
TP/SL Plotting:

The script plots the TP and SL levels on the chart for visual reference.
Reset After Exit:

After a trade is closed, the script resets the relevant variables to prepare for the next trade.
Usage
To use this strategy:

Adjust the input parameters as needed for your trading preferences.
Add the strategy to a chart to visualize the signals and performance.
Considerations
As with any trading strategy, it's essential to backtest and validate the performance over historical data before using it in live trading.
Market conditions can change, and past performance is not indicative of future results. Always use risk management practices when trading.

22 Apr

Nota Keluaran

Key Components of the Strategy
Supertrend Indicator:

The strategy uses the Supertrend indicator, which is based on the Average True Range (ATR) and a multiplier (factor). The Supertrend helps identify the trend direction.
atrPeriod and factor are user inputs to customize the Supertrend settings.
Buying and Selling Pressure:

The strategy calculates buying and selling pressure thresholds using user-defined inputs (bpt for buying pressure and spt for selling pressure).
The buying and selling conditions are based on the calculated values of a5, xl, and xh.
Trade Entry Conditions:

A long position is entered when the calculated buying pressure (a5) is less than or equal to the lower threshold (xl) and the closing price is above a certain percentage of a moving average (b1).
A short position is entered when the selling pressure (a5) is greater than or equal to the upper threshold (xh) and the closing price is below a certain percentage of the moving average (b1).
Take Profit and Stop Loss:

The strategy includes logic for managing trades with take profit and stop loss levels defined as percentages of the entry price.
For long trades, the take profit and stop loss are set based on the closing price multiplied by the respective percentages.
The same logic applies to short trades, but in the opposite direction.
Optional EMA Plots:

The script allows for the optional plotting of Exponential Moving Averages (EMAs) for different periods (200, 50, and 20) to provide additional context for the price action.

23 Apr

Nota Keluaran

This version of the script maintains the take profit and stop loss plotting while functioning as an indicator. The TP and SL levels are updated based on the entry price when a buy or sell signal occurs, and they are plotted on the chart as long as a position is open.

2 Mei

Nota Keluaran

I used this on GRASSUSDT, it's an on going experiment, just start on low capital.