Daily Chart Strategy with Advanced Indicators

il y a 5 heures

//version=5
indicator("Daily Chart Strategy with Advanced Indicators", overlay=false)

// Input Parameters for Indicators
atrLength = input.int(14, title="ATR Length")
superTrendFactor = input.float(3.0, title="SuperTrend Factor")
superTrendPeriod = input.int(10, title="SuperTrend Period")
hmaLength = input.int(21, title="Hull Moving Average Length")
connorsRsiLength = input.int(3, title="Connors RSI Length")
vwapSource = input(close, title="VWAP Source")

// ATR Calculation for Volatility Management
atr = ta.atr(atrLength)

// SuperTrend Calculation
[superTrendUpper, superTrendLower] = ta.supertrend(superTrendFactor, superTrendPeriod)
trendUp = not na(superTrendLower) and close > superTrendLower
trendDown = not na(superTrendUpper) and close < superTrendUpper

// Hull Moving Average (HMA) Calculation
hma = ta.hma(close, hmaLength)

// Connors RSI Calculation (Simplified Version)
connorsRsi = ta.rsi(close, connorsRsiLength)

// VWAP Calculation
vwap = ta.vwap(vwapSource)

// Entry Conditions
longCondition = trendUp and (connorsRsi < 20) and (close > vwap) and (hma > hma[1])
shortCondition = trendDown and (connorsRsi > 80) and (close < vwap) and (hma < hma[1])

// Plotting Indicators on Chart
plot(hma, title="Hull Moving Average", color=color.blue, linewidth=2)
plot(vwap, title="VWAP", color=color.orange, linewidth=2)
plot(superTrendLower, title="SuperTrend Lower", color=color.green, linewidth=1, style=plot.style_stepline)
plot(superTrendUpper, title="SuperTrend Upper", color=color.red, linewidth=1, style=plot.style_stepline)

// Plot Buy and Sell Signals Globally
plotshape(series=longCondition, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=shortCondition, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")

// Execute Long Trade
if (longCondition)
label.new(bar_index, low, text="LONG", color=color.green, textcolor=color.white, style=label.style_label_up, size=size.small)
entryPrice = close
stopLoss = entryPrice - (2 * atr)
takeProfit = entryPrice + (6 * atr)
// Plotting SL and TP Levels
line.new(bar_index, stopLoss, bar_index + 5, stopLoss, color=color.red, width=1, style=line.style_dashed)
line.new(bar_index, takeProfit, bar_index + 5, takeProfit, color=color.green, width=1, style=line.style_dashed)

// Execute Short Trade
if (shortCondition)
label.new(bar_index, high, text="SHORT", color=color.red, textcolor=color.white, style=label.style_label_down, size=size.small)
entryPrice = close
stopLoss = entryPrice + (2 * atr)
takeProfit = entryPrice - (6 * atr)
// Plotting SL and TP Levels
line.new(bar_index, stopLoss, bar_index + 5, stopLoss, color=color.red, width=1, style=line.style_dashed)
line.new(bar_index, takeProfit, bar_index + 5, takeProfit, color=color.green, width=1, style=line.style_dashed)

// Alerts for Entry Conditions
alertcondition(longCondition, title="SuperTrend Long", message="SuperTrend turned bullish with Connors RSI in oversold territory - Long Opportunity")
alertcondition(shortCondition, title="SuperTrend Short", message="SuperTrend turned bearish with Connors RSI in overbought territory - Short Opportunity")