Momentum Breakout | 200SMA + MACD + StochRSI — Strategy by martinearthheaven
By martinearthheaven
Performance Metrics
- Author: martinearthheaven
- Symbol: BINANCE:UNIUSDT
- Timeframe: 1 hour
- Net P&L: −62.77 USDT (−0.63%)
- Win Rate: 64.2%
- Profit Factor: 0.916
- Max Drawdown: 303.27 USDT (3.00%)
- Total Trades: 53
Description
Act as an expert quantitative developer. Please write a Pine Script v5 TradingView strategy based on the following logic:The Strategy: A Momentum Breakout strategy that uses the 200 Simple Moving Average to determine the long-term trend, and the MACD and Stochastic RSI to catch explosive momentum entries.Entry Condition (Long): > * Price crosses ABOVE the 200 SMA.AND the MACD line is strictly greater than 0.AND the Stochastic RSI %K line is greater than 80 (indicating high upward momentum).Entry Condition (Short):Price crosses BELOW the 200 SMA.AND the MACD line is strictly less than 0.AND the Stochastic RSI %K line is less than 20 (indicating high downward momentum).TP Condition: A dynamic Take Profit set at the recent resistance level (e.g., the recent swing high prior to the entry).SL Condition: A dynamic Stop Loss set just below the recent support level (e.g., the recent swing low prior to the entry).