BotBot — Strategy by amazing_ilya

BTCUSD

btcusd

My version of ChopBot

with a little of Gen Opt.

Seems to be good for direction spotting during sideways and uptrend. Works only on 4h HA 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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Want to use this script on a chart?

//@version=2
strategy("BotBot", overlay=false)
atr = atr(19)
avg = sma(close,19)
rangeup = low[1] + atr
rangedown = high[1] - atr
over() => close/avg > 1.001 and high/rangeup > 1.04 and close/open > 1.001
under() => close/avg < 0.999 and low/rangedown < 0.96 and close/open < 0.999

longCondition = over()
shortCondition = under()

plot(close/avg, "close/avg", red)
plot(high/rangeup, "high/rangeup", blue)
plot(close/open, "close/open", green)

strategy.entry("long", strategy.long, when=longCondition)
strategy.entry("short", strategy.short, when=shortCondition)