First pinescript strategy I've ever written so still learning what is possible.
This strategy is based on the famous turtle system and tried to stay true
to the rules within the confines of what pinescript will allow me to do.
Green lines represents the 20/55 day highs (configurable)
Red lines represent the 10/20 day lows (configurable)
Alerts for famous Turtle Trading Rules. Based on work from tmr0 and ossettia. It can be used with Autoview.
If you have any advice on how to further improve the script, please let me know by PM or comment below. Thanks!
Please hit on "Like" if you find this script useful so that others can find it easier. Thanks!
*** The information and script provided here are...
Added parameters for source of highest and lowest line.
It's usefull for ultra volatile markets like cryptocurrencies and penny stocks. Using close price as source helps to filter out false breakout signals in turtle trading strategy.
This is just a simple EMA cross strategy which is meant to be similar to Turtle Trading Strategy.
It uses in default 4 Hour 21 / 10 EMA to long or short. This is not perfect but in the long run it will profit. Works best in bull market.
LINK TO ALERT :
Combine 3 EMA indicators into 1. Buy and Sell signal is based on
- Buy signal based on 20 Days Highest High resistance
- Sell signal based on 10 Days Lowest Low support
1 - Short EMA (20), Mid EMA (50) and Long EMA (200)
2 - Resistance (20) = 20 Days Highest High line
3 - Support (10) = 10 Days Lowest Low line
Track consecutive new highs/lows outside the Donchian range. Fans of the oldschool Turtle Strategy should enjoy the visualization.
Same logic as my "Walking the Bands" script, just with Donchian breaks instead of Bollinger tags.