# Strategy CCTBBO v2 | Fadior

978 5
Second version of the CCTBBO strategy. CCTBBO is a price oscillator that fluctuate between -200 and 200 according to price volatility . Value 0 represent mean price - 2 * StdDev and value 100 represent mean price + 2 * StdDev.

Signal is generated when oscillator cross over / under it's EMA . Position is closed with trailing stop. Source of the indicator is the highs of the last n bars.

Tips if you want to trade with it :

- use small EMA period to increase number of signals and fasten detection of price reversal.
- If there is too much signals you can try increase EMA or filter noise by playing with the margin. The margin is the minimum value between the oscillator and it's moving average to consider a signal valid.
- define your trailing stop by percentage of the price or by ticks. Default value 0.013 equal 1.3% of the Bitcoin             price which is approximatly \$5.
- make sure you correctly set the number of digits of your current security
```//@version=2
// This strategy is based on the CCT Bollinger Band Oscillator (CCTBO)
// developed by Steve Karnish of Cedar Creek Trading and coded by LazyBear.
// Indicator is available here https://www.tradingview.com/v/iA4XGCJW/

strategy("Strategy CCTBBO v2 | Fadior", shorttitle="Strategy CCTBBO v2", pyramiding=0, precision=2, calc_on_order_fills=false, initial_capital=1000, default_qty_type=strategy.percent_of_equity, currency="USD", default_qty_value=100, overlay=false)

length_stddev=input(title="Stddev loopback period",defval=20)
length_ema=input(title="EMA period", defval=2)
margin=input(title="Margin", defval=0, type=float, step=0.1)
price = input(title="Source", type=source, defval=high)
digits= input(title="Number of digits",type=integer,defval=2,step=1,minval=2,maxval=6)
offset = input(title="Trailing offset (0.01 = 1%) :", defval=0.013, type=float, step=0.01)
pips= input(title="Offset in ticks ?",defval=false,type=bool)

src=security(tickerid, "1440", price)

cctbbo=100 * ( src + 2*stdev( src, length_stddev) - sma( src, length_stddev ) ) / ( 4 * stdev( src, length_stddev ) )

ul=hline(150, color=gray, editable=true)
ll=hline(-50, color=gray)
hline(50, color=gray)
fill(ul,ll, color=green, transp=90)
plot(style=line, series=cctbbo, color=blue, linewidth=2)
plot(ema(cctbbo, length_ema), color=red)

d = digits == 2 ? 100 : digits == 3 ? 1000 : digits == 4 ? 10000 : digits == 5 ? 100000 : digits == 6 ? 1000000 : na

TS = 1
TO = pips ? offset : close*offset*d
CQ = 100
TSP = TS
TOP = (TO > 0) ? TO : na

longCondition = crossover(cctbbo, ema(cctbbo, length_ema)) and cctbbo - ema(cctbbo, length_ema) > margin
if (longCondition)
strategy.entry("Long", strategy.long)
strategy.exit("Close Long", "Long", qty_percent=CQ, trail_points=TSP, trail_offset=TOP)

shortCondition = crossunder(cctbbo, ema(cctbbo, length_ema)) and cctbbo - ema(cctbbo, length_ema) < -margin
if (shortCondition)
strategy.entry("Short", strategy.short)
strategy.exit("Close Short", "Short", qty_percent=CQ, trail_points=TSP, trail_offset=TOP)

```
Does this repaint?
P.I.P.B.O.Y.
No but beware there is no tick calculation.
Would that have any influence on the accuracy of the backtesting results?
Actually it must repaint since in 16 line you get higher timeframe and fall into case described here: https://getsatisfaction.com/tradingview/topics/strategies-and-indicators-are-repainting
Please vote up for fixing this issue.
P.I.P.B.O.Y.
@P.I.P.B.O.Y., yes id does repaint
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter