OPEN-SOURCE SCRIPT
PEERTRADING WITH MOVING AVEREAGE
Peer Stocks Script Using TradingView
APIBridge, TradingView
You may want to optimize your entry conditions based on reference with peer stocks. For example, you may want to BUY HDFCBANK when the price of HDFC bank is in uptrend. Similarly when the price of ICICIBANK is also in uptrend. We will show you how to setup algo trading using such complex conditions, using a very simple strategy.
Peer Stocks Algo Strategy Logic
Entries will be taken only when Moving Average Crossover happens. Even though this tutorial uses Moving Average, you can use other indicators like SuperTrend, VWAP, RSI etc.
We will have a buy condition in current stock if candle crosses above moving average and the peer stock is bullish (peer stock is trading above moving average)
We will have a sell condition in current stock if candle crosses below moving average and peer stock is bearish (peer stock trading below moving average)
Explanation of logic with example: Say we have current stock as INFOSYS and peer stock as TCS. We may want to trade bullish if stock crosses above moving average. For that to we are also checking Peer TCS is in uptrend so that we filter our trades.
APIBridge, TradingView
You may want to optimize your entry conditions based on reference with peer stocks. For example, you may want to BUY HDFCBANK when the price of HDFC bank is in uptrend. Similarly when the price of ICICIBANK is also in uptrend. We will show you how to setup algo trading using such complex conditions, using a very simple strategy.
Peer Stocks Algo Strategy Logic
Entries will be taken only when Moving Average Crossover happens. Even though this tutorial uses Moving Average, you can use other indicators like SuperTrend, VWAP, RSI etc.
We will have a buy condition in current stock if candle crosses above moving average and the peer stock is bullish (peer stock is trading above moving average)
We will have a sell condition in current stock if candle crosses below moving average and peer stock is bearish (peer stock trading below moving average)
Explanation of logic with example: Say we have current stock as INFOSYS and peer stock as TCS. We may want to trade bullish if stock crosses above moving average. For that to we are also checking Peer TCS is in uptrend so that we filter our trades.
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。
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。