For my first foray into pine script I took the code from the generic "Consecutive up/down" and flipped the logic. I added a linear regression filter to try and stay with the overall trend. ATR added for visual, I eventually want to use it as part of the money management.
Rules to open trade or close the opposite: IF the linear regression slope is >=0 AND the last candle closes lower, BUY IF the linear regression slope is <=0 AND the last candle closes higher SELL
Rules to close the opposite: IF the linear regression slope is >=0 AND the last candle closes higher, close any open SELL IF the linear regression slope is <=0 AND the last candle closes lower, close any open BUY
Catatan Rilis
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Go with or against the Linear Regression trend using pullbacks or looking for breakouts of consecutive bars.
Catatan Rilis
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Updated smooth moving average for ATR channel
Catatan Rilis
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Added RSI for filtering overbought and oversold conditions
Catatan Rilis
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Code cleanup.
Catatan Rilis
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moved early exit to after entry to reduce redundant position calls
Catatan Rilis
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Set default behavior to go with major trend(200 linear regression slope) and against minor trend pullbacks(4 linear regression slope)
Catatan Rilis
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Added a date range function for choosing which date to test.