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- //@version=3
- //
- study(title = "Open Close Cross Strategy R5.1 revised by JustUncleL", shorttitle = "OCC Strategy R5.1", overlay = true), // pyramiding = 0, default_qty_type = strategy.percent_of_equity, default_qty_value = 10, calc_on_every_tick=false)
- //
- // Revision: 5
- // Original Author: @JayRogers
- // Revision Author: JustUncleL revisions 3, 4, 5
- //
- // *** USE AT YOUR OWN RISK ***
- // - There are drawing/painting issues in pinescript when working across resolutions/timeframes that I simply
- // cannot fix here.. I will not be putting any further effort into developing this until such a time when
- // workarounds become available.
- // NOTE: Re-painting has been observed infrequently with default settings and seems OK up to Alternate
- // multiplier of 5.
- // Non-repainting mode is available by setting "Delay Open/Close MA" to 1 or more, but the reported
- // performance will drop dramatically.
- //
- // R5.1 Changes by JustUncleL
- // - Upgraded to Version 3 Pinescript.
- // - Added option to select Trade type (Long, Short, Both or None)
- // - Added bar colouring work around patch.
- // - Small code changes to improve efficiency.
- // - NOTE: To enable non-Repainting mode set "Delay Open/Close MA" to 1 or more.
- // 9-Aug-2017
- // - Correction on SuperSmooth MA calculation.
- //
- // R5 Changes by JustUncleL
- // - Corrected cross over calculations, sometimes gave false signals.
- // - Corrected Alternate Time calculation to allow for Daily,Weekly and Monthly charts.
- // - Open Public release.
- // R4 Changes By JustUncleL
- // - Change the way the Alternate resolution in selected, use a Multiplier of the base Time Frame instead,
- // this makes it easy to switch between base time frames.
- // - Added TMA and SSMA moving average options. But DEMA is still giving the best results.
- // - Using "calc_on_every_tick=false" ensures results between backtesting and real time are similar.
- // - Added Option to Disable the coloring of the bars.
- // - Updated default settings.
- //
- // R3 Changes by JustUncleL:
- // - Returned a simplified version of the open/close channel, it shows strength of current trend.
- // - Added Target Profit Option.
- // - Added option to reduce the number of historical bars, overcomes the too many trades limit error.
- // - Simplified the strategy code.
- // - Removed Trailing Stop option, not required and in my opion does not work well in Trading View,
- // it also gives false and unrealistic performance results in backtesting.
- //
- // R2 Changes:
- // - Simplified and cleaned up plotting, now just shows a Moving Average derived from the average of open/close.
- // - Tried very hard to alleviate painting issues caused by referencing alternate resolution..
- //
- // Description:
- // - Strategy based around Open-Close Crossovers.
- // Setup:
- // - I have generally found that setting the strategy resolution to 3-4x that of the chart you are viewing
- // tends to yield the best results, regardless of which MA option you may choose (if any) BUT can cause
- // a lot of false positives - be aware of this
- // - Don't aim for perfection. Just aim to get a reasonably snug fit with the O-C band, with good runs of
- // green and red.
- // - Option to either use basic open and close series data, or pick your poison with a wide array of MA types.
- // - Optional trailing stop for damage mitigation if desired (can be toggled on/off)
- // - Positions get taken automagically following a crossover - which is why it's better to set the resolution
- // of the script greater than that of your chart, so that the trades get taken sooner rather than later.
- // - If you make use of the stops, be sure to take your time tweaking the values. Cutting it too fine
- // will cost you profits but keep you safer, while letting them loose could lead to more drawdown than you
- // can handle.
- // - To enable non-Repainting mode set "Delay Open/Close MA" to 1 or more.
- //
- // === INPUTS ===
- useRes = input(defval = true, title = "Use Alternate Resolution?")
- intRes = input(defval = 120, title = "Multiplier for Alernate Resolution")
- stratRes = ismonthly? tostring(interval*intRes,"###M") : isweekly? tostring(interval*intRes,"###W") : isdaily? tostring(interval*intRes,"###D") : isintraday ? tostring(interval*intRes,"####") : '60'
- basisType = input(defval = "SMMA", title = "MA Type: ", options=["SMA", "EMA", "DEMA", "TEMA", "WMA", "VWMA", "SMMA", "HullMA", "LSMA", "ALMA", "SSMA", "TMA"])
- basisLen = input(defval = 8, title = "MA Period", minval = 1)
- offsetSigma = input(defval = 6, title = "Offset for LSMA / Sigma for ALMA", minval = 0)
- offsetALMA = input(defval = 0.85, title = "Offset for ALMA", minval = 0, step = 0.01)
- scolor = input(false, title="Show coloured Bars to indicate Trend?")
- delayOffset = input(defval = 0, title = "Delay Open/Close MA (Forces Non-Repainting)", minval = 0, step = 1)
- tradeType = input("BOTH", title="What trades should be taken : ", options=["LONG", "SHORT", "BOTH", "NONE"])
- // === /INPUTS ===
- // Constants colours that include fully non-transparent option.
- green100 = #008000FF
- lime100 = #00FF00FF
- red100 = #FF0000FF
- blue100 = #0000FFFF
- aqua100 = #00FFFFFF
- darkred100 = #8B0000FF
- gray100 = #808080FF
- // === BASE FUNCTIONS ===
- // Returns MA input selection variant, default to SMA if blank or typo.
- variant(type, src, len, offSig, offALMA) =>
- v1 = sma(src, len) // Simple
- v2 = ema(src, len) // Exponential
- v3 = 2 * v2 - ema(v2, len) // Double Exponential
- v4 = 3 * (v2 - ema(v2, len)) + ema(ema(v2, len), len) // Triple Exponential
- v5 = wma(src, len) // Weighted
- v6 = vwma(src, len) // Volume Weighted
- v7 = 0.0
- v7 := na(v7[1]) ? sma(src, len) : (v7[1] * (len - 1) + src) / len // Smoothed
- v8 = wma(2 * wma(src, len / 2) - wma(src, len), round(sqrt(len))) // Hull
- v9 = linreg(src, len, offSig) // Least Squares
- v10 = alma(src, len, offALMA, offSig) // Arnaud Legoux
- v11 = sma(v1,len) // Triangular (extreme smooth)
- // SuperSmoother filter
- // © 2013 John F. Ehlers
- a1 = exp(-1.414*3.14159 / len)
- b1 = 2*a1*cos(1.414*3.14159 / len)
- c2 = b1
- c3 = (-a1)*a1
- c1 = 1 - c2 - c3
- v12 = 0.0
- v12 := c1*(src + nz(src[1])) / 2 + c2*nz(v12[1]) + c3*nz(v12[2])
- type=="EMA"?v2 : type=="DEMA"?v3 : type=="TEMA"?v4 : type=="WMA"?v5 : type=="VWMA"?v6 : type=="SMMA"?v7 : type=="HullMA"?v8 : type=="LSMA"?v9 : type=="ALMA"?v10 : type=="TMA"?v11: type=="SSMA"?v12: v1
- // security wrapper for repeat calls
- reso(exp, use, res) => use ? security(tickerid, res, exp, gaps=barmerge.gaps_off, lookahead=barmerge.lookahead_on) : exp
- // === /BASE FUNCTIONS ===
- // === SERIES SETUP ===
- closeSeries = variant(basisType, close[delayOffset], basisLen, offsetSigma, offsetALMA)
- openSeries = variant(basisType, open[delayOffset], basisLen, offsetSigma, offsetALMA)
- // === /SERIES ===
- // === PLOTTING ===
- // Get Alternate resolution Series if selected.
- closeSeriesAlt = reso(closeSeries, useRes, stratRes)
- openSeriesAlt = reso(openSeries, useRes, stratRes)
- //
- trendColour = (closeSeriesAlt > openSeriesAlt) ? green : red
- bcolour = (closeSeries > openSeriesAlt) ? lime100 : red100
- barcolor(scolor?bcolour:na, title = "Bar Colours")
- closeP=plot(closeSeriesAlt, title = "Close Series", color = trendColour, linewidth = 2, style = line, transp = 20)
- openP=plot(openSeriesAlt, title = "Open Series", color = trendColour, linewidth = 2, style = line, transp = 20)
- fill(closeP,openP,color=trendColour,transp=80)
- // === /PLOTTING ===
- //
- //
- // === ALERT conditions
- // === /ALERT conditions.
- // === STRATEGY ===
- // stop loss
- slPoints = input(defval = 0, title = "Initial Stop Loss Points (zero to disable)", minval = 0)
- tpPoints = input(defval = 0, title = "Initial Target Profit Points (zero for disable)", minval = 0)
- // Include bar limiting algorithm
- ebar = input(defval = 10000, title="Number of Bars for Back Testing", minval=0)
- dummy = input(false, title="- SET to ZERO for Daily or Longer Timeframes" )
- //
- // Calculate how many mars since last bar
- tdays = (timenow-time)/60000.0 // number of minutes since last bar
- tdays := ismonthly? tdays/1440.0/5.0/4.3/interval : isweekly? tdays/1440.0/5.0/interval : isdaily? tdays/1440.0/interval : tdays/interval // number of bars since last bar
- //
- //set up exit parameters
- TP = tpPoints>0?tpPoints:na
- SL = slPoints>0?slPoints:na
- // Make sure we are within the bar range, Set up entries and exit conditions
- //if ((ebar==0 or tdays<=ebar) and tradeType!="NONE")
- // strategy.entry("long", strategy.long, when=longCond==true and tradeType!="SHORT")
- // strategy.entry("short", strategy.short, when=shortCond==true and tradeType!="LONG")
- // strategy.close("long", when = shortCond==true and tradeType=="LONG")
- // strategy.close("short", when = longCond==true and tradeType=="SHORT")
- // strategy.exit("XL", from_entry = "long", profit = TP, loss = SL)
- // strategy.exit("XS", from_entry = "short", profit = TP, loss = SL)
- //
- // === /STRATEGY ===
- // eof
- resCustom = input(title="Use Different Timeframe? Uncheck Box Above", defval="120")
- useCurrentRes = input(true, title="Use Current Chart Resolution?")
- res = resCustom
- length1 = input(50, minval=1), smoothK1 = input(10, minval=1), smoothD1 = input(10, minval=1)
- k1 = security(tickerid, res,sma(stoch(close, close, close, length1), smoothK1))
- d1 = security(tickerid, res,sma(k1, smoothD1))
- col1 = k1 > d1
- xlong = crossover(closeSeriesAlt, openSeriesAlt)
- xshort = crossunder(closeSeriesAlt, openSeriesAlt)
- longCond = xlong and tdays // alternative: longCond[1]? false : (xlong or xlong[1]) and close>closeSeriesAlt and close>=open
- shortCond = xshort and tdays // alternative: shortCond[1]? false : (xshort or xshort[1]) and close<closeSeriesAlt and close<=open
- plot(cross(closeSeriesAlt, openSeriesAlt) ? closeSeriesAlt : na, style = circles, linewidth = 8, transp=0, color= black,title= "Alarm")
- alertcondition(longCond, title='Buy Alert', message='Buy Alert')
- plotshape(longCond, "Buy Alert", style = shape.triangleup, location = location.belowbar, color = blue, size = size.small,text="[Buy]",transp=0)
- alertcondition(shortCond, title='Sell Alert', message='Sell Alert')
- plotshape(shortCond, "Sell Alert", style = shape.triangledown, location = location.abovebar, color = purple, size = size.small,text="[Sell]",transp=0)
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