OPEN-SOURCE SCRIPT
Updated Mean Reversion V-F
This strategy workings on high volatile stock or crypto assets
It using 5 dynamic band's to get in the long position.
In same time depends on the band increases the units of the asset to get in the next position.
The unit's of the asset can be adjusted. Make sure to adjust the unit for different asset.
The bands are determined of main SMA.
There is no stop loss.
Take profit is trialing - HMA or % or average price + take profit - note if you use % trailing back test is not realistic but is working on real time.
Deviations can be adjust depends on the asset volatility.
It using 5 dynamic band's to get in the long position.
In same time depends on the band increases the units of the asset to get in the next position.
The unit's of the asset can be adjusted. Make sure to adjust the unit for different asset.
The bands are determined of main SMA.
There is no stop loss.
Take profit is trialing - HMA or % or average price + take profit - note if you use % trailing back test is not realistic but is working on real time.
Deviations can be adjust depends on the asset volatility.
Release Notes
Add separated deviations on all band's.Clean up same code.
This strategy workings on high volatile stock or crypto assets
It using 5 dynamic band's to get in the long position.
In same time depends on the band increases the units of the asset to get in the next position.
The unit's of the asset can be adjusted. Make sure to adjust the unit for different asset.
The bands are determined of main SMA.
There is no stop loss.
Take profit is trialing - HMA or % or average price + take profit - note if you use % trailing back test is not realistic but is working on real time.
Deviations can be adjust depends on the asset volatility.
Release Notes
Add option for plotting dynamics band'sAdd option to use different MA Types
Change the calculations on the deviation's of the band's - each band deviation is
calculate from the main MA
One's it get in long position the first band below become static and one's is get on next -
position next band below becomes static and so on
Add plot for the static band's one by one
Remove HMA of the trialing take profit - not working
The units of the asset are change in cash sum for crypto - sum/close
Will update the units for stocks soon
Release Notes
Add unit's for stocks fix plot for static band's
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.