TradeView Pinescript Trading Algorithm for crypto trading

Boost Your Crypto Trading with Our Pinescript Algorithm - TradeView Proven System in 60 Characters!

Enhance your crypto trading strategy with our TradeView Pinescript Trading Algorithm. Designed specifically for the volatile crypto market, this algorithm utilizes advanced technical indicators to help you make informed trading decisions. Improve your profitability and stay ahead of the competition with our powerful trading tool. Download now and take your crypto trading to the next level.

by templatepassion joined 1 year ago
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What is this?

This Pinescript code is a trading strategy that uses technical indicators to make buy and sell decisions.

The strategy uses a

to generate buy and sell signals.

The script also calculates the On-Balance Volume (OBV) but it is not used in the buy and sell decisions but you can activated it in certain conditions if necessary.

The strategy will only be active after January 1, 2022, at 01:30 but you can easily back-test it for longer time horizons.
When the strategy is active, it will enter a long position when the close price is above the upper Bollinger Band and the RSI is below 85.

 

Main Points

  • The algorithm uses a combination of technical indicators, including the Simple Moving Average, Bollinger Bands, and Relative Strength Index, which are widely recognized as powerful tools for identifying market trends and generating buy/sell signals.
  • The use of Bollinger Bands and RSI in conjunction with the Simple Moving Average can help to identify overbought and oversold conditions in the market, which can provide early warning signs for potential trend reversals.
  • The algorithm is designed to enter long positions only when the close price is above the upper Bollinger Band and the RSI is below 85, which can help to limit risk and increase the chances of success.
  • The algorithm also includes a trailing stop loss mechanism that closes the position when the close price is below the SMA, which can help to lock in profits and reduce the risk of large losses.
  • The algorithm is time-sensitive and will only be active after January 1, 2022, at 01:30, which can be useful for traders who prefer to back-test during specific market conditions or timeframes.
  • The algorithm is also easy to read, understand and customize to suit your own trading strategy

 

How to use it

Connect to https://www.tradingview.com/  or register for free. Go in Chart+ and then Pine Editor. Copy past the code and run your new strategy.

Disclaimer

Please note that this algorithm is provided for educational and informational purposes only. The author and seller of this algorithm do not guarantee or make any representations regarding the use or the results of the use of this algorithm or any related materials in terms of their accuracy, completeness, reliability, or otherwise. Past performance of any trading strategy is not indicative of future results. Trading any financial market involves risk, and you should always conduct your own research and seek advice from a financial advisor before making any investment decisions. The author and seller of this algorithm shall not be liable for any damages, including but not limited to, direct, indirect, special, incidental or consequential damages, or damages for loss of profits, revenue, data or use, incurred by you or any third party, whether in an action in contract or tort, arising from your access to, or use of this algorithm. By using this algorithm, you accept these terms and conditions in full.

 

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