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3ema Strategy

This document contains the source code for a trading strategy. It calculates three EMAs, RSI, and ADX technical indicators on a price range data. It defines entry rules to go long when price crosses above EMA3 and short when it crosses below EMA2, and exit rules using take profits, stop losses, and extreme stop losses based on the indicators. The strategy plots the indicators and enters/exits long or short positions according to the rules.

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shivus7337069
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© © All Rights Reserved
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59 views

3ema Strategy

This document contains the source code for a trading strategy. It calculates three EMAs, RSI, and ADX technical indicators on a price range data. It defines entry rules to go long when price crosses above EMA3 and short when it crosses below EMA2, and exit rules using take profits, stop losses, and extreme stop losses based on the indicators. The strategy plots the indicators and enters/exits long or short positions according to the rules.

Uploaded by

shivus7337069
Copyright
© © All Rights Reserved
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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// This source code is subject to the terms of the Mozilla Public License 2.

0 at
https://mozilla.org/MPL/2.0/
// © mattmediawg

//@version=5
strategy("3EMA Scalper Strategy", overlay=true)

// Input lengths for EMA, RSI, and ADX


length1 = input(8, "Length EMA 1")
length2 = input(35, "Length EMA 2")
length3 = input(212, "Length EMA 3")
rsiLength = input(14, "RSI Length")
rsiThreshold = input(50, "RSI Threshold") // Threshold for RSI to determine trend
clarity
overboughtLevel = input(70, "Overbought Level") // RSI level indicating overbought
condition
oversoldLevel = input(30, "Oversold Level") // RSI level indicating oversold
condition
rangeMultiplier = input(10, "Range Multiplier") // Multiplier for the RANGE
indicator
adxLength = input(14, "ADX Length") // ADX smoothing length
diLength = input(14, "DI Length") // DI length for ADX calculation

// Calculate RANGE
rangeSMA = ta.sma(close, rangeMultiplier)

// Calculate EMAs on RANGE


ema1 = ta.ema(rangeSMA, length1)
ema2 = ta.ema(rangeSMA, length2)
ema3 = ta.ema(rangeSMA, length3)

// Plot EMAs
plot(ema1, color=color.blue, linewidth=2, title="EMA 1")
plot(ema2, color=color.red, linewidth=2, title="EMA 2")
plot(ema3, color=color.green, linewidth=2, title="EMA 3")

// Plot RANGE
plot(rangeSMA, color=color.orange, linewidth=2, title="Range SMA")

// Calculate RSI
rsi = ta.rsi(close, rsiLength)

// Calculate ADX
dirmov(len) =>
up = ta.change(high)
down = -ta.change(low)
plusDM = na(up) ? na : (up > down and up > 0 ? up : 0)
minusDM = na(down) ? na : (down > up and down > 0 ? down : 0)
truerange = ta.rma(ta.tr, len)
plus = fixnan(100 * ta.rma(plusDM, len) / truerange)
minus = fixnan(100 * ta.rma(minusDM, len) / truerange)
[plus, minus]
adx(dilen, adxlen) =>
[plus, minus] = dirmov(dilen)
sum = plus + minus
adx = 100 * ta.rma(math.abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
adxValue = adx(diLength, adxLength)

var bool position_open = false


if strategy.position_size != 0
position_open := true
else if strategy.position_size == 0 and position_open
position_open := false

enterLong = ta.crossover(rangeSMA, ema3) and not position_open and rsi >


rsiThreshold and rsi < overboughtLevel and adxValue > 24
enterShort = ta.crossunder(rangeSMA, ema2) and not position_open and rsi <
rsiThreshold and rsi > oversoldLevel and adxValue > 23

// Variabili di uscita - Long


takeProfitLong = input.float(2.19, "Take Profit Long", step=0.01)
stopLossLong = input.float(0.92, "Stop Loss Long", step=0.01)

// Variabili di uscita - Short


takeProfitShort = input.float(1.28, "Take Profit Short", step=0.01)
stopLossShort = input.float(0.71, "Stop Loss Short", step=0.01)

// Variabili di uscita estreme


extremeStopLossLong = input.float(0.92, "Extreme Stop Loss Long", step=0.01)
extremeStopLossShort = input.float(0.71, "Extreme Stop Loss Short", step=0.01)

var float entryPriceLong = na


var float entryPriceShort = na

if enterLong
entryPriceLong := close
strategy.entry("Long", strategy.long)

if enterShort
entryPriceShort := close
strategy.entry("Short", strategy.short)

if strategy.position_size > 0
takeProfitLongValue = rangeSMA * (1 + takeProfitLong / 100)
stopLossLongValue = rangeSMA * (1 - stopLossLong / 100)
extremeStopLossLongValue = entryPriceLong * (1 - extremeStopLossLong / 100)
if close > takeProfitLongValue
strategy.close("Long", comment="Take Profit Long")
if close < stopLossLongValue
strategy.close("Long", comment="Stop Loss Long")
if close < extremeStopLossLongValue
strategy.close("Long", comment="Extreme Stop Loss Long")

if strategy.position_size < 0
takeProfitShortValue = rangeSMA * (1 - takeProfitShort / 100)
stopLossShortValue = rangeSMA * (1 + stopLossShort / 100)
extremeStopLossShortValue = entryPriceShort * (1 + extremeStopLossShort / 100)
if close < takeProfitShortValue
strategy.close("Short", comment="Take Profit Short")
if close > stopLossShortValue
strategy.close("Short", comment="Stop Loss Short")
if close > extremeStopLossShortValue
strategy.close("Short", comment="Extreme Stop Loss Short")

plot(adxValue, color=color.purple, title="ADX")

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