OPEN-SOURCE SCRIPT

Swing Trend Strategy

This script is a trend following system which uses a long term Moving Average to spot the trend in combination with the Average True Range to filter out Fakeouts, limiting the overall drawdown.

Default Settings and Calculation:

- The trend is detected using the Exponential Moving Average on 200 periods.
- The Average True Range is calculated on 10 periods.

- The Market is considered in an Uptrend when the price closes above the EMA + ATR.
- The Market is considered in a Downtrend when the price closes below the EMA - ATR.

- The strategy will open a LONG position when the market is in an Uptrend.
- The strategy will close its LONG positions when the price closes below the EMA.

- The strategy will open a SHORT position when the market is in a Downtrend.
- The strategy will close its SHORT positions when the price closes above the EMA.

This script is best suited for the 4h timeframe, and shows good results on BTC and ETH especially.
The options allow to modify the type of moving average to use, the period of the moving average, the ATR multiplier to add as well as the possibility to open short trades or not.
ATRAverage True Range (ATR)moving_averageMoving AveragestrendTrend Analysis

Skrypt open-source

W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.

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