OPEN-SOURCE SCRIPT
BTC/USD Enhanced High-Growth Impulse Strategy for 30-Min Chart
Overview:
This script combines trend-following and momentum-based entry/exit signals, optimized for BTC/USD on a 30-minute timeframe. It integrates Exponential Moving Averages (EMAs), Supertrend, and Average True Range (ATR) to identify potential trade opportunities with volatility-adjusted risk management.
Indicators Explained:
Exponential Moving Averages (EMAs):
21 EMA (Short-term): Identifies fast-moving price trends.
50 EMA (Medium-term): Captures broader momentum.
200 EMA (Long-term): Filters major market direction.
These EMAs work together to signal trend crossovers, indicating shifts between bullish and bearish phases.
Supertrend:
This indicator highlights momentum and volatility. A positive Supertrend indicates strong upward momentum, while a negative Supertrend signals bearish momentum.
Average True Range (ATR):
ATR helps calculate dynamic stop loss and take profit levels. By adjusting exits to match market volatility, the strategy can respond to both fast-moving and consolidating conditions.
Entry & Exit Conditions:
Long Entry:
The 21 EMA crosses above the 50 EMA.
The price is above the Supertrend line, confirming bullish momentum.
ATR volatility is above its 50-period moving average to filter out low-volatility conditions.
Trade Exit:
A stop loss is set at 2 ATR below the entry price, and the take profit is set at 6 ATR above.
Short Entry:
The 21 EMA crosses below the 50 EMA.
The price is below the Supertrend line, confirming bearish momentum.
ATR volatility exceeds the 50-period moving average.
Trade Exit:
A stop loss is set at 2 ATR above the entry price, and take profit at 6 ATR below.
Default Strategy Settings:
Position Size: 2% of equity per trade (configurable)
Risk Management: Dynamic ATR-based stop loss and take profit
Indicators:
EMA 21, 50, and 200 for trend detection
Supertrend (factor: 3, ATR period: 10) for momentum confirmation
ATR for volatility-based risk control
Performance Metrics:
Optimal Timeframe: 30-minute chart
Backtesting Results:
Percent Profitable: 62%
Profit Factor: 1.136
Average Trade Return: 0.14%
Max Drawdown: 0.58% of equity
Total Trades: 35
The strategy demonstrates stable performance across both trending and volatile market conditions. Keep in mind that past performance does not guarantee future results.
Notes for Traders:
Test this strategy with realistic commission and slippage to ensure results are accurate for your trading environment.
While the strategy is designed for BTC/USD on the 30-minute timeframe, it may also perform well on other high-liquidity cryptocurrencies and timeframes with additional optimization.
Avoid over-leveraging. We recommend allocating 1-2% equity per trade for risk control.
Plot Information:
The script visualizes key indicators:
EMA 21 (blue), EMA 50 (red), EMA 200 (green)
Supertrend (orange)
Green/red background shading highlights bullish and bearish entry conditions.
Disclaimer:
This script is for educational purposes only. Use it as part of a comprehensive trading plan that includes proper risk management. Trading involves significant risk, and no strategy can predict future price movements with certainty.
This script combines trend-following and momentum-based entry/exit signals, optimized for BTC/USD on a 30-minute timeframe. It integrates Exponential Moving Averages (EMAs), Supertrend, and Average True Range (ATR) to identify potential trade opportunities with volatility-adjusted risk management.
Indicators Explained:
Exponential Moving Averages (EMAs):
21 EMA (Short-term): Identifies fast-moving price trends.
50 EMA (Medium-term): Captures broader momentum.
200 EMA (Long-term): Filters major market direction.
These EMAs work together to signal trend crossovers, indicating shifts between bullish and bearish phases.
Supertrend:
This indicator highlights momentum and volatility. A positive Supertrend indicates strong upward momentum, while a negative Supertrend signals bearish momentum.
Average True Range (ATR):
ATR helps calculate dynamic stop loss and take profit levels. By adjusting exits to match market volatility, the strategy can respond to both fast-moving and consolidating conditions.
Entry & Exit Conditions:
Long Entry:
The 21 EMA crosses above the 50 EMA.
The price is above the Supertrend line, confirming bullish momentum.
ATR volatility is above its 50-period moving average to filter out low-volatility conditions.
Trade Exit:
A stop loss is set at 2 ATR below the entry price, and the take profit is set at 6 ATR above.
Short Entry:
The 21 EMA crosses below the 50 EMA.
The price is below the Supertrend line, confirming bearish momentum.
ATR volatility exceeds the 50-period moving average.
Trade Exit:
A stop loss is set at 2 ATR above the entry price, and take profit at 6 ATR below.
Default Strategy Settings:
Position Size: 2% of equity per trade (configurable)
Risk Management: Dynamic ATR-based stop loss and take profit
Indicators:
EMA 21, 50, and 200 for trend detection
Supertrend (factor: 3, ATR period: 10) for momentum confirmation
ATR for volatility-based risk control
Performance Metrics:
Optimal Timeframe: 30-minute chart
Backtesting Results:
Percent Profitable: 62%
Profit Factor: 1.136
Average Trade Return: 0.14%
Max Drawdown: 0.58% of equity
Total Trades: 35
The strategy demonstrates stable performance across both trending and volatile market conditions. Keep in mind that past performance does not guarantee future results.
Notes for Traders:
Test this strategy with realistic commission and slippage to ensure results are accurate for your trading environment.
While the strategy is designed for BTC/USD on the 30-minute timeframe, it may also perform well on other high-liquidity cryptocurrencies and timeframes with additional optimization.
Avoid over-leveraging. We recommend allocating 1-2% equity per trade for risk control.
Plot Information:
The script visualizes key indicators:
EMA 21 (blue), EMA 50 (red), EMA 200 (green)
Supertrend (orange)
Green/red background shading highlights bullish and bearish entry conditions.
Disclaimer:
This script is for educational purposes only. Use it as part of a comprehensive trading plan that includes proper risk management. Trading involves significant risk, and no strategy can predict future price movements with certainty.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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