Gaussian Channel Strategy by RezzoRedPriest
By RezzoRedPriest
Performance Metrics
- Author: RezzoRedPriest
- Symbol: RUS:SBER
- Timeframe: 1 day
- Net P&L: +37,363,363.81 RUB (+3,736.34%)
- Win Rate: 62.1%
- Profit Factor: 13.285
- Max Drawdown: 1,322,435.29 RUB (24.22%)
- Total Trades: 29
- Sharpe Ratio: 0.164
Description
Gaussian Channel Strategy — User Guide1. ConceptThis strategy builds trades around the Gaussian Channel. Based on Pine Script v4 indicator originally published by Donovan Wall. With rework to v6 Pine Script and adding entry and exit functions.The channel consists of three dynamic lines:Line Formula PurposeFilter (middle) N-pole Gaussian filter applied to price Market "equilibrium"High Band Filter + (Filtered TR × mult) Dynamic upper envelopeLow Band Filter − (Filtered TR × mult) Dynamic lower envelopeA position is opened when price crosses a user-selected line in a user-selected direction.When the smoothed True Range (Filtered TR) becomes negative, the raw bands can flip (High drops below Low).The strategy automatically reorders them so the upper band is always above the lower band.Visual colors still flip, but signals stay correct.2. Entry LogicChoose a signal line for longs and/or shorts: Filter, Upper band, or Lower band.Choose a cross direction (Cross Up or Cross Down).A signal remains valid for Lookback bars after the actual cross, as long as price is still on the required side of the line.When the opposite signal appears, the current position is closed or reversed depending on Reverse on opposite.3. ParametersGroup Setting MeaningSource & Filter Source Price series used (close, hlc3, etc.)Poles (N) Number of Gaussian filter poles (1-9). More poles ⇒ smoother but laggierSampling Period Main period length of the channelFiltered TR Multiplier Width of the bands in fractions of smoothed True RangeReduced Lag Mode Adds a lag-compensation term (faster but noisier)Fast Response Mode Blends 1-pole & N-pole outputs for quicker turnsSignals Long → signal line / Short → signal line Which line generates signalsLong when price / Short when price Direction of the crossLookback bars for late entry Bars after the cross that still allow an entryTrading Enable LONG/SHORT-side trades Turn each side on/offOn opposite signal: reverse True: reverse -- False: flatMisc Start trading date Ignores signals before this timestamp (back-test focus)4. Quick StartAdd the strategy to a chart. Default: hlc3, N = 4, Period = 144.Select your signal lines & directions.Example: trend trading – Long: Filter + Cross Up, Short: Filter + Cross Down.Disable either side if you want long-only or short-only.Tune Lookback (e.g. 3) to catch gaps and strong impulses.Run Strategy Tester, optimise period / multiplier / stops (add strategy.exit blocks if needed).When satisfied, connect alerts via TradingView webhooks or use the builtin broker panel.5. NotesCommission & slippage are not preset – adjust them in Properties → Commission & Slippage.Works on any market and timeframe, but you should retune Sampling Period and Multiplier for each symbol.No stop-loss / take-profit is included by default – feel free to add with strategy.exit.Start trading date lets you back-test only recent history (e.g. last two years).6. DisclaimerThis script is for educational purposes only and does not constitute investment advice.Use entirely at your own risk. Back-test thoroughly and apply sound risk management before trading real capital.