OPEN-SOURCE SCRIPT
Grid Strategy with MA
0. Preface
Hello traders,
This is a strategy script that allows you to utilize a Grid Strategy using moving averages.
It is very simple, but I decided to post it because it was hard to find such shared open-source codes in Pine Script.
1. Main
This is a very simple trading method.
Based on the moving average line you set, if the price drops by a certain ATR (or percent) below it, you buy, and when it goes back up, you sell.
In basic settings, you choose the moving average line and its length, and decide how much to set the distance between each grid through the 'Band Multiplier/Percent' item.
I believe that it is advantageous to widen the bandwidth for stocks with strong upward momentum.
2. Conclusion
I have confirmed that this works better in the stock market than in the crypto market,
and that it is suitable for use on index stocks like NASDAQ because it follows trends.
In addition, through backtesting, I have confirmed that this grid strategy is more suitable for buying strategies than selling strategies, so I uploaded it as a strategy focused on buying strategies.
Personally, I have developed my own strategy by adjusting buying and selling strategies according to trends and managing risks.
I hope you can use this to create a script that suits you.
Thank you.
Hello traders,
This is a strategy script that allows you to utilize a Grid Strategy using moving averages.
It is very simple, but I decided to post it because it was hard to find such shared open-source codes in Pine Script.
1. Main
This is a very simple trading method.
Based on the moving average line you set, if the price drops by a certain ATR (or percent) below it, you buy, and when it goes back up, you sell.
In basic settings, you choose the moving average line and its length, and decide how much to set the distance between each grid through the 'Band Multiplier/Percent' item.
I believe that it is advantageous to widen the bandwidth for stocks with strong upward momentum.
2. Conclusion
I have confirmed that this works better in the stock market than in the crypto market,
and that it is suitable for use on index stocks like NASDAQ because it follows trends.
In addition, through backtesting, I have confirmed that this grid strategy is more suitable for buying strategies than selling strategies, so I uploaded it as a strategy focused on buying strategies.
Personally, I have developed my own strategy by adjusting buying and selling strategies according to trends and managing risks.
I hope you can use this to create a script that suits you.
Thank you.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.