Multi Trend Cross Strategy Template by TradeAutomation
By Duyck
Performance Metrics
- Author: Duyck
- Symbol: AMEX:SOXL
- Timeframe: 1 day
- Net P&L: +28,127,665.94 USD (+2,812.77%)
- Win Rate: 50.0%
- Profit Factor: 9.789
- Max Drawdown: 3,116,562.10 USD (38.85%)
- Total Trades: 14
- Sharpe Ratio: 0.137
Description
Today I am sharing with the community trend cross strategy template that incorporates any combination of over 20 built in indicators. Some of these indicators are in the Pine library, and some have been custom coded and contributed over time by the beloved Pine Coder community. Identifying a trend cross is a common trend following strategy and a common custom-code request from the community. Using this template, users can now select from over 400 different potential trend combinations and setup alerts without any custom coding required. This Multi-Trend cross template has a very inclusive library of trend calculations/indicators built-in, and will plot any of the 20+ indicators/trends that you can select in the settings.How it works: Simple trend cross strategies go long when the fast trend crosses over the slow trend, and/or go short when the fast trend crosses under the slow trend. Options for either trend direction are built-in to this strategy template. The script is also coded in a way that allows you to enable/modify pyramid settings and scale into a position over time after a trend has crossed.Use cases: These types of strategies can reduce the volatility of returns and can help avoid large market downswings. For instance, those running a longer term trend-cross strategy may have not realized half the down swing of the bear markets or crashes in 02', 08', 20', etc. However, in other years, they may have exited the market from time to time at unfavorable points that didn't end up being a down turn, or at times the market was ranging sideways. Some also use them to reduce volatility and then add leverage to attempt to beat buy/hold of the underlying asset within an acceptable drawdown threshold. Special thanks to Duyck, everget, KivancOzbilgic and LazyBear for coding and contributing earlier versions of some of these custom indicators in Pine. This script incorporates all of the following indicators. Each of them can be selected and modified from within the indicator settings: ALMA - Arnaud Legoux Moving Average DEMA - Double Exponential Moving Average DSMA - Deviation Scaled Moving Average - Contributed by Everget EMA - Exponential Moving Average HMA - Hull Moving Average JMA - Jurik Moving Average - Contributed by Everget KAMA - Kaufman's Adaptive Moving Average - Contributed by Everget LSMA - Linear Regression , Least Squares Moving Average RMA - Relative Moving Average SMA - Simple Moving Average SMMA - Smoothed Moving Average Price Source - Plotted based on source selection TEMA - Triple Exponential Moving Average TMA - Triangular Moving Average VAMA - Volume Adjusted Moving Average - Contributed by Duyck VIDYA - Variable Index Dynamic Average - Contributed by KivancOzbilgic VMA - Variable Moving Average - Contributed by LazyBear VWMA - Volume Weighted Moving Average WMA - Weighted Moving Average WWMA - Welles Wilder's Moving Average ZLEMA - Zero Lag Exponential Moving Average - Contributed by KivancOzbilgicDisclaimer: This is not financial advice. Open-source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. If you would like to implement a version of any script, I would recommend making significant additions/modifications to the strategy & risk management functions. If you don’t know how to program in Pine, then hire a Pine-coder. We can help!