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Outperform

BTC outperform atrategy### Code Description This Pine Script™ code implements a simple trading strategy based on the relative prices of Bitcoin (BTC) on a weekly and a three-month basis. The script plots the weekly and three-month closing prices of Bitcoin on the chart and generates trading signals based on the comparison of these prices. The code can also be applied to Ethereum (ETH) with similar effectiveness. ### Explanation 1. **Inputs and Variables**: - The user selects the trading symbol (default is "BINANCE:BTCUSDT"). - `weeklyPrice` retrieves the closing price of the selected symbol on a weekly interval. - `monthlyPrice` retrieves the closing price of the selected symbol on a three-month interval. 2. **Plotting Data**: - The weekly price is plotted in blue. - The three-month price is plotted in red. 3. **Trading Conditions**: - A long position is suggested if the weekly price is greater than the three-month price. - A short position is suggested if the three-month price is greater than the weekly price. 4. **Strategy Execution**: - If the long condition is met, the strategy enters a long position. - If the short condition is met, the strategy enters a short position. This script works equally well for Ethereum (ETH) by changing the symbol input to "BINANCE:ETHUSDT" or any other desired Ethereum trading pair.
Pine Script® strategy
by witus9719
Jun 25, 2024
22

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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