tarzan

Momentuminator 1.0

Here we have a general purpose momentum based long and short flip flop with optional profit target and maximum loss.

Program development: Boffin Hollow Lab

Author: Tarzan at tradingview.com

Release: Version 1.0 May 2016

Please Note: Past Performance is not necessarily indicative of future results
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
strategy("Momentuminator 1.0", title = "Momentuminator", overlay=true)

//©2016 Boffin Hollow Lab
//Author: Craig Harris

//color the background by days of the week

c = navy


bgColor = (dayofweek == monday)    ? color(c, 94) :
          (dayofweek == tuesday)   ? color(c, 90) :
          (dayofweek == wednesday) ? color(c, 86) :
          (dayofweek == thursday)  ? color(c, 84) :
          (dayofweek == friday)    ? color(c, 82) : na
          
          
bgcolor(color = bgColor)

//input parms and variables

length = input(12)
tgtt = input(title = "profit target", defval=600, step = 5)
mloss = input (title = "Maximum Loss",defval=-600, step=5)
price = close

//momentuminator function

momentum(seria, length) =>
    mom = seria - seria[length]
    mom
    
// give it to a mom    

momz = momentum(price, length)
mom1 = momentum( momz, 1)

if (momz > 0 and mom1 > 0)
    strategy.entry("MomLE", strategy.long, stop=high+syminfo.mintick, comment="MomLE")
else
    strategy.cancel("MomLE")
    
strategy.close("MomLE", when = strategy.openprofit > (tgtt))    
strategy.close("MomSE", when = strategy.openprofit > (tgtt))     

if (momz < 0 and mom1 < 0)
    strategy.entry("MomSE", strategy.short, stop=low-syminfo.mintick, comment="MomSE")
else
    strategy.cancel("MomSE")
    
strategy.close("MomLE", when = strategy.openprofit > (tgtt))    
strategy.close("MomSE", when = strategy.openprofit > (tgtt)) 

strategy.close("MomLE", when = strategy.openprofit < (mloss))    
strategy.close("MomSE", when = strategy.openprofit < (mloss))    

//plot(strategy.equity, title="equity", color=red, linewidth=2, style=areabr)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out