DCA, Support and Resistance with RSI and Trend Filter

9 Sep

This script is based on
tradingview.com/v/8avMvSbe/ script from Kieranj with added pyramiding and DCA

The buy condition (buyCondition) is triggered when the RSI crosses above the oversold threshold (ta.crossover(rsi, oversoldThreshold)), the trend filter confirms an uptrend (isUptrend is true), and the close price is greater than or equal to the support level (close >= supportLevel).

The partial sell condition (sellCondition) is triggered when the RSI crosses below the overbought threshold (ta.crossunder(rsi, overboughtThreshold)) and profit goal is reached, the trend filter confirms a downtrend (isUptrend is false), and the close price is less than or equal to the resistance level (close <= resistanceLevel).
Full sell will be triggered if trend is broken and profit goal is reached

With this implementation, the signals will only be generated in the direction of the trend on the 4-hour timeframe. The trend is considered up when the 50-period SMA is below the 200-period SMA (ta.sma(trendFilterSource, 50) < ta.sma(trendFilterSource, 200)).

Pyramiding should be activated, values like 100, so every DCA step should be around 1%
i have best results on 5 min charts

12 Sep

Catatan Rilis

-Added Wavetrend as additional indicator for buying/selling
-Set all default parameters same as i doing backtests.
-other small fixes

13 Sep

Catatan Rilis

Added new option:
Using g trend as trend filter module:
tradingview.com/v/utIrJYJS/
thanks LUIS_GANDARA_G_TREND

15 Sep

Catatan Rilis

- Added MCAD as trend indicator

- Reworked multi time frames :
The strategy working now on 3 time frames
1. Time frame where buy/sell signals on base of Wavetrend(default is on) and RSI are triggered. I'm using 5 min.
2-3. Slow and fast trend time frames. Signals from time frame 1 are ignored if on this time frames RSI or Trend (MCAD or G trend) conditions are not meet. I'm using 15 min and 4 hours.

16 Sep

Catatan Rilis

- in previous post index was of course MACD, cant edit anymore
- Added new option for cooldown between orders
- fixed several bugs, specially on short side trading

17 Sep

Catatan Rilis

- added new option: based on ATR partial sells can be deactivated
- updated default values

20 Sep

Catatan Rilis

- Fixed repainting, needed to remove all indicators except MACD for it for now, but MACD has the best performance anyway

20 Sep

Catatan Rilis

-- other repainting fix

22 Sep

Catatan Rilis

- fix, negative numbers in % profit goals working now, maybe good in some situations.

28 Sep

Catatan Rilis

- new options on fast and slow filters for full sells if wrong direction, it was hard coded till now
- new options for threshold entries on slow trend filter, filter is not activated till threshold amount of entries is reached

7 Okt

Catatan Rilis

--Added new parameter for slow trend:
"Threshold profit %", slow trend filter will be disabled if current profit bigger then this value, default -2.

18 Okt

Catatan Rilis

-- fixed bug: profit and profit outside trend made exactly opposite
-- added new parameter: profit on high ATR (was the same as profit outside trend before)
-- added new parameter: source, was hard coded to close before, default close
-- added better comments to chart

3 Nov

Catatan Rilis

-- Added ichimoku cloud as trend filter (default will stay MACD)
-- Changed default MACD source from SMA to EMA
-- Bugfix: heikinashi and MACD