47 lines
1.3 KiB
Plaintext
47 lines
1.3 KiB
Plaintext
//@version=5
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strategy(title="3ATR EMA Basic", shorttitle="3ATR-Basic", overlay=true, currency=currency.USD, initial_capital=10000, commission_type=strategy.commission.percent, commission_value=0.1)
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// Inputs
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ema_length = input.int(21, "EMA Length")
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atr_multiplier = input.float(3.0, "ATR Multiplier")
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// Calculations
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ema = ta.ema(close, ema_length)
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atr = ta.atr(ema_length)
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upper_band = ema + (atr * atr_multiplier)
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lower_band = ema - (atr * atr_multiplier)
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// Entry Condition
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bullish_entry = (close < ema) and
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(close[1] <= lower_band[1]) and
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(close > close[1])
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// Exit Condition (when price crosses upper band)
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bullish_exit = close > upper_band
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// Trade Execution
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if bullish_entry
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strategy.entry("Long", strategy.long)
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if bullish_exit
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strategy.close("Long")
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// Visualization
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plot(ema, "EMA", color=color.new(#4A90E2, 0))
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plot(upper_band, "Upper", color=color.orange)
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plot(lower_band, "Lower", color=color.green)
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plotshape(bullish_entry ? low : na,
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style=shape.triangleup,
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location=location.belowbar,
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color=color.new(#00FF00, 0),
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size=size.small,
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title="Bull Entry")
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plotshape(bullish_exit ? high : na,
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style=shape.triangledown,
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location=location.abovebar,
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color=color.new(#FF0000, 0),
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size=size.small,
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title="Bull Exit")
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