OPEN-SOURCE SCRIPT
Delta SMA 1-Year High/Low Strategy

### Summary:
This Pine Script code implements a trading strategy based on the **Delta SMA (Simple Moving Average)** of buy and sell volumes over a 1-year lookback period. The strategy identifies potential buy and sell signals by analyzing the relationship between the Delta SMA and its historical high/low thresholds. Key features include:
1. **Delta Calculation**:
- The Delta is calculated as the difference between buy volume (when close > open) and sell volume (when close < open).
- A 14-period SMA is applied to the Delta to smooth the data.
2. **1-Year High/Low Thresholds**:
- The strategy calculates the 1-year high and low of the Delta SMA.
- Buy and sell conditions are derived from thresholds set at 70% of the 1-year low and 90% and 50% of the 1-year high, respectively.
3. **Buy Condition**:
- A buy signal is triggered when the Delta SMA crosses above 0 after being below 70% of the 1-year low.
4. **Sell Condition**:
- A sell signal is triggered when the Delta SMA drops below 60% of the 1-year high after crossing above 90% of the 1-year high.
5. **Visualization**:
- The Delta SMA and its thresholds are plotted on the chart for easy monitoring.
- Optional buy/sell signals can be plotted as labels on the chart.
This strategy is designed to capture trends in volume-based momentum over a long-term horizon, making it suitable for swing or position trading.
This Pine Script code implements a trading strategy based on the **Delta SMA (Simple Moving Average)** of buy and sell volumes over a 1-year lookback period. The strategy identifies potential buy and sell signals by analyzing the relationship between the Delta SMA and its historical high/low thresholds. Key features include:
1. **Delta Calculation**:
- The Delta is calculated as the difference between buy volume (when close > open) and sell volume (when close < open).
- A 14-period SMA is applied to the Delta to smooth the data.
2. **1-Year High/Low Thresholds**:
- The strategy calculates the 1-year high and low of the Delta SMA.
- Buy and sell conditions are derived from thresholds set at 70% of the 1-year low and 90% and 50% of the 1-year high, respectively.
3. **Buy Condition**:
- A buy signal is triggered when the Delta SMA crosses above 0 after being below 70% of the 1-year low.
4. **Sell Condition**:
- A sell signal is triggered when the Delta SMA drops below 60% of the 1-year high after crossing above 90% of the 1-year high.
5. **Visualization**:
- The Delta SMA and its thresholds are plotted on the chart for easy monitoring.
- Optional buy/sell signals can be plotted as labels on the chart.
This strategy is designed to capture trends in volume-based momentum over a long-term horizon, making it suitable for swing or position trading.
开源脚本
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。