OPEN-SOURCE SCRIPT
TTM Grid Strategy
This strategy uses a TTM (based on EMAs of highs and lows) to determine the market's trend direction.
It then deploys a grid trading system around a dynamically updated base price, with the grid's direction and levels adjusting based on the trend.
Trades are executed as the price crosses the predefined grid levels, with the strategy risking a set percentage of equity per trade.
Core Strategy Logic:
TTM State Calculation (ttmState() function):
* Calculates two EMAs based on the `ttmPeriod`: one for the lows (`lowMA`) and one for the highs (`highMA`).
* Defines two threshold levels: `lowThird` (1/3 from the bottom) and `highThird` (2/3 from the bottom) of the range between `highMA` and `lowMA`.
* Returns the current TTM state as an integer:
+ `1` if the close price is above `highThird` (indicating an uptrend).
+ `0` if the close price is below `lowThird` (indicating a downtrend).
+ `-1` if the close price is between `lowThird` and `highThird` (indicating a neutral state).
It then deploys a grid trading system around a dynamically updated base price, with the grid's direction and levels adjusting based on the trend.
Trades are executed as the price crosses the predefined grid levels, with the strategy risking a set percentage of equity per trade.
Core Strategy Logic:
TTM State Calculation (ttmState() function):
* Calculates two EMAs based on the `ttmPeriod`: one for the lows (`lowMA`) and one for the highs (`highMA`).
* Defines two threshold levels: `lowThird` (1/3 from the bottom) and `highThird` (2/3 from the bottom) of the range between `highMA` and `lowMA`.
* Returns the current TTM state as an integer:
+ `1` if the close price is above `highThird` (indicating an uptrend).
+ `0` if the close price is below `lowThird` (indicating a downtrend).
+ `-1` if the close price is between `lowThird` and `highThird` (indicating a neutral state).
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.