sonnyparlin

Rate of Change Strategy

sonnyparlin Updated   
This strategy calculates the rate of change over time to determine buy/sell points. This strategy is best run with 1 hour candles.

Configurable values:

  • SMA Fast (days)
  • SMA Slow (days)
  • SMA Reference (days)
  • ROC Low (%)
  • ROC High (%)
  • Order Stake (%)
  • Look back Candles
Release Notes:
Quite a few changes with this release...

  • IMPORTANT - default settings are for ADAUSDT on BINANCE_US with 1 hour candles
  • Use 1 hour candles with this strategy
  • Got rid of high offset, we're just going to use trailing stoploss and take profit to exit.
  • Added plots for everything
  • Added absolute stoploss
  • Added take profit
  • Added bullish outside candle reversal as a buy signal
  • Read the comments for details
  • Still need to make some variables accessible via the settings
Release Notes:
Lots of changes, biggest being the correct code for stops and trailing stops.

  • Removed candle signal
  • Changed percentage inputs to take whole numbers
  • Show all plots with a checkbox
  • Configured for ETH on BinanceUS with 30 min candles
Release Notes:
Reset some default values for ETH on BinanceUS 30m candles
Release Notes:
Updated to pinescript 5, best used with day candles.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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