RicardoSantos

[RS]JR Moving Average System V1.a

added Ichimoku Cloud as a filter
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study(title="[RS]JR Moving Average System V1.a", shorttitle="[RS]JR.MAS.V1a", overlay=true)
hide_sl_lines = input(true)
ma0 = sma(hl2, input(1))


tp = input(8)
ma1 = wma(open, tp)
ma2 = ema(open, tp)

//---   2nd pass
tf = input(2)
ma3 = wma(open, tf)
ma4 = ema(open, tf)
//---   2nd pass plot output not required.

plot(ma0, color=black)
plot(ma1, color=gray)
plot(ma2, color=silver)

condition = ma0 >= ma1 and ma1 >= ma2 ? (close >= open ? lime : green) :
        ma0 <= ma1 and ma1 <= ma2 ? (close >= open ? red : maroon) :
        ma0 >= ma3 and ma3 >= ma4 ? (close >= open ? lime : green) :
        ma0 <= ma3 and ma3 <= ma4 ? (close >= open ? red : maroon) : (close >= open ? silver : gray)

barcolor(condition)

//  ||---   3rd pass Ichimoku cloud, blatantly copyed from Hpotter :p
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 23/05/2014
//  Ichimoku
////////////////////////////////////////////////////////////
hidecloud = input(true)
cloudfilter = input(true)

middleDonchian(Length) =>
    lower = lowest(Length)
    upper = highest(Length)
    avg(upper, lower)

conversionPeriods = tp
basePeriods = tf
laggingSpan2Periods = tp
displacement = tf

Tenkan = middleDonchian(conversionPeriods)
Kijun =  middleDonchian(basePeriods)
xChikou = close
SenkouA = middleDonchian(laggingSpan2Periods)
SenkouB = (Tenkan[basePeriods] + Kijun[basePeriods]) / 2
//plot(Tenkan, color=red, title="Tenkan")
//plot(Kijun, color=blue, title="Kijun")
//plot(xChikou, color= teal , title="Chikou", offset = -displacement)
A = plot(hidecloud ? na : SenkouA[displacement], color=purple, title="SenkouA")
B = plot(hidecloud ? na : SenkouB, color=green, title="SenkouB")
fill(A, B, color=green)

abovecloud = cloudfilter ? ( close >= max(SenkouA[displacement], SenkouB) ? true : false ) : true
undercloud = cloudfilter ? ( close <= min(SenkouA[displacement], SenkouB) ? true : false ) : true
//----------------------------------------------------------------------------------------------------------

//  ||---   Crossovers
buyx1 = cross(ma0,ma1) and ma0 >= ma0[1] and abovecloud ? true : false
sellx1 = cross(ma0,ma1) and ma0 <= ma0[1]  and undercloud ? true : false
plotshape(buyx1, style=shape.arrowup, color=green, location=location.belowbar)
plotshape(sellx1, style=shape.arrowdown, color=maroon, location=location.abovebar)

//  ||---   SL lines
sltop = highest(max(max(high,ma0),max(ma1,ma2)), tp)
slbot = lowest(min(min(low,ma0),min(ma1,ma2)), tp)

tcol = sltop != sltop[1] ? na : silver
bcol = slbot != slbot[1] ? na : silver
plot(hide_sl_lines ? na : sltop, color=tcol, style=line)
plot(hide_sl_lines ? na : slbot, color=bcol, style=line)


snapshot


This will minimize trade commission and losses
+1 Reply
IvanLabrie PRO QuantitativeExhaustion
Looks good, so take short term trades will riding against the walls.
+1 Reply
candles riding against wall and strong candle signals.. (dark red and light green) not along wall.
Reply
IvanLabrie PRO QuantitativeExhaustion
https://www.youtube.com/watch?v=cIcqUokPiTw
+1 Reply
snapshot


So basically anything that is free floating that is not a strong candle indicator is a no trade
+1 Reply
jangseohee QuantitativeExhaustion
But JR, that is abit of hindsight, how can we be at least 70% sure that the candles ahead will have at least 3 or > big bars?
+1 Reply
IvanLabrie PRO jangseohee
Indeed, or how do you enter, because the last candle will repaint until the bar close.
That's always my issue with these type of systems...If you can fine tune that, then it'll be great.
Reply
Don't get all Barry Manilow cheezy on me
Reply
IvanLabrie PRO QuantitativeExhaustion
hahaha!
Seemed appropriate...looks very good JR. Now to the backtestmobile.
+1 Reply
snapshot


Inside / outside cloud is giving better scalping set ups as well as trades.
+1 Reply
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