Elliott 3 Wave projection

• 01/17/2023 at 12:22 PM #207540
  paulocouto

  import elliottwave

  # Define the parameters for the Elliott Wave analysis
  wave_degree = 3
  wave_tolerance = 0.5

  # Calculate the Elliott Wave patterns
  ew = elliottwave.elliottwave(close, wave_degree, wave_tolerance)

  # Initialize variables for long and short positions
  long_position = False
  short_position = False

  # Check for the start of an uptrend
  if (ew.uptrend == True and ew.uptrend_start == True):
  long_position = True

  # Check for the start of a downtrend
  if (ew.downtrend == True and ew.downtrend_start == True):
  short_position = True

  # If we have a long position and the uptrend ends, exit the trade
  if (long_position and ew.uptrend == False):
  long_position = False

  # If we have a short position and the downtrend ends, exit the trade
  if (short_position and ew.downtrend == False):
  short_position = False

  # Use the long_position and short_position variables to execute trades
  if (long_position):
  strategy.entry(“Long”, strategy.long())

  if (short_position):
  strategy.entry(“Short”, strategy.short())

  # Set the stop-loss and take-profit levels for the trades
  strategy.exit(“Stop-loss”, “Long”, stop = strategy.position_avg_price * 0.95, limit = strategy.position_avg_price * 1.05)
  strategy.exit(“Take-profit”, “Long”, limit = strategy.position_avg_price * 1.1)
  strategy.exit(“Stop-loss”, “Short”, stop = strategy.position_avg_price * 1.05, limit = strategy.position_avg_price * 0.95)
  strategy.exit(“Take-profit”, “Short”, limit = strategy.position_avg_price * 0.9)

  # Use position sizing to control the risk of the trades
  position_size = strategy.risk(percent_of_equity = 5)
  strategy.position_size = position_size

  # Use the RSI to confirm the trend direction
  rsi_period = 14
  rsi = rsi(close, rsi_period)

  # Set the RSI overbought and oversold levels
  overbought = 70
  oversold = 30

  # If the RSI is overbought or oversold, exit the trade
  if (rsi > overbought and long_position):
  long_position = False
  if (rsi < oversold and short_position):
  short_position = False

  

  paulocouto

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  01/17/2023 at 1:22 PM #207548
  Nicolas

  # Define the requirements for a code conversion

  import [Hello, Please, ThankYou, Goodbye]

   

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  Nicolas

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