OPEN-SOURCE SCRIPT
DCA Simulation for CryptoCommunity v1.1
DCA Simulation for CryptoCommunity v1.1
#Currently take profit is single transaction. Take profit DCA is still TBD.
This should help you to visualise how DCA strategy under your desired parameters would perform in history.
- Most importantly, it demonstrates the average price movement as DCA buy orders are occurring, providing an easy way to see how your strategy could look like.
- Dashboard will show the money spent and how many contracts acquired.
- Base order is first order, rest of orders are DCA.
- Safety orders are reset when new Higher High is made.
- TradingView has limit of 999 open trades, so if your strategy doesn't fit, just reduce the buy frequency to fit longer timeframe.
The script differs from existing published DCA's by:
- combining interval DCA & safety order DCA (based on % drops) in single script
- visualising on chart the buy levels, average price and profit taking
- calculations on dashboard to show the budget used, contracts bought. + max amounts if profit taking is in use
#Currently take profit is single transaction. Take profit DCA is still TBD.
This should help you to visualise how DCA strategy under your desired parameters would perform in history.
- Most importantly, it demonstrates the average price movement as DCA buy orders are occurring, providing an easy way to see how your strategy could look like.
- Dashboard will show the money spent and how many contracts acquired.
- Base order is first order, rest of orders are DCA.
- Safety orders are reset when new Higher High is made.
- TradingView has limit of 999 open trades, so if your strategy doesn't fit, just reduce the buy frequency to fit longer timeframe.
The script differs from existing published DCA's by:
- combining interval DCA & safety order DCA (based on % drops) in single script
- visualising on chart the buy levels, average price and profit taking
- calculations on dashboard to show the budget used, contracts bought. + max amounts if profit taking is in use
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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