Trendline Breakout Indicator and Screener
- This topic has 6 replies, 3 voices, and was last updated 15 hours ago by
.
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Hello Vivien, Hello All,
thanks a lot for your indicator, I used it in my strategy, adding some filter and rules for position management.
Please find in attach a first result on 1 hour US100, everybody feel free to try updates and improvement on 1-2-3 minue Timeframe in order to decrease the overnight cost.
Welcome to any improvement! :):)
Regards,
Franco
Hello plbourse,
I attached in my previous post the .txt with the code, anyway I post again below no problem, best regards!
Franco
/——————————————————–//
// 1224-kkTrendLines Breaker-1H
//——————————————————–//
DEFPARAM CUMULATEORDERS = False
DEFPARAM PRELOADBARS = 1000
////////////////////
//Strategia: To do: until I hit TakeProfit if BUY, I close when Hyper turns red and reopen when it turns green
/////// If I have reached Stop Loss I stop
//——————————————————–//
ExitTrailingStop=0 // Exit in Traling Stop
EntrateHyperTrig=0 /// Green and yellow arrow entries Hyper Trig (crosses over avg in trend green)
TooLateToEnter=1 // Too far from last change of HyperTrend
TooLateToEnterMaxBar=60 /// 60 How many bar too far? Max Bar
SeguiTPconHyper=1 // If change color of Trend Hyper close the position
EntrataHyper=1 // Entry filter versus hyper trend by default
UscitaHyper=1 /// and I go against Hyper timeframedefault and close
EntrataHyperHTF=0 /// to do Filter with respect to Hyper High Time Frame, but within the same BUY if they are close to the lower
///////and SELL if they are close to upper
CifraDaInvestire=1000
MinVol=50
takeProf=CifraDaInvestire/1.1 /// 1.1
SwingContrarioChiudoDaQuestoGain=CifraDaInvestire/2
////////SET TARGET PROFIT takeProf
volLastCand=volume[1]
numc=round((CifraDaInvestire*20/close)*100)/100
//// 0224-kkHyperTrend–1Day
timeframe(1 Day) // 1 hour 30 minute
mult30m=5
slope30m=14
width30m=80
once avg30m = close
once hold30m = 0
once os30m = 1
once rR30m = 220
once gR30m = 20
once bR30m = 60
once rV30m = 60
once gV30m = 179
once bV30m = 113if barindex > 200 then
atr30m = AverageTrueRange[200] * mult30mIf abs(close – avg30m) > atr30m then
avg30m = (close+avg30m)/2
//avg30m = avg30mN
else
avg30m = avg30m + os30m*(hold30m/mult30m/slope30m)
//avg30m = avg30mN
endifos30m = sgn(avg30m – avg30m[1])
If os30m <> os30m[1] then
hold30m = atr30m
else
hold30m = hold30m[1]
endifupper30m = avg30m + width30m*hold30m/100
lower30m = avg30m – width30m*hold30m/100If os30m = 1 then
r30m = rV30m
g30m = gV30m
b30m = bV30m
TrendHypeColorDay=1
else
r30m = rR30m
g30m = gR30m
b30m = bR30m
TrendHypeColorDay=-1
endif
If os30m = 1 then
r30mA = 0
g30mA = 255
b30mA = 0
else
r30mA = 255
g30mA = 0
b30mA = 0
endifendif
LimituppavgDay=(avg30m+upper30m)/2
LimitDownavgDay=(avg30m+lower30m)/2timeframe(default,updateonclose)
//——————————————————–//
// *** POSITION SIZE *** //
//——————————————————–//
// Capital to invest
ONCE CapitalToInvest = 10000
// Minimum number of contracts
ONCE NumberOfContractsMin = 1
// Position Size
NumberOfContracts = MAX(ROUND(CapitalToInvest / Close, 2), NumberOfContractsMin)//——————————————————–//
// *** SETTING BLOCK *** //
//——————————————————–//
// Type of lines
ONCE FallingLines = 1
ONCE RisingLines =1
// Length
ONCE LineLength = 5
ONCE LineExtension = 15
// Signals
ONCE breakout = 1
ONCE ValidatedBreakout = 0
ONCE Retest = 0
ONCE ValidatedRetest = 0
// Trend filters
ONCE intheTrend = 0
ONCE Reversal = 0
// Strength filters
ONCE withVolumes = 0
ONCE withDivergence = 0
// Take profit
ONCE TakeProfit = 1
ONCE TPLevel = 2
// Stop-loss
ONCE StopLoss = 1
ONCE SLLevel = 1
// Display options
ONCE FallingColor = 0
ONCE RisingColor = 0
ONCE LineThickness = 0
ONCE FontSize = 0
// Starting year
ONCE StartingYear = 2010
////////////////////////////////////////////////////
////////////////////////////////////////////////////// 1124-kkHyperTrend-SuppDem-Trig
//////
mult=5
slope=14
width=80
once avg = close
once hold = 0
once TrendHyperos1m = 1
once rR = 220
once gR = 20
once bR = 60
once rV = 60
once gV = 179
once bV = 113if barindex > 200 then
atr = AverageTrueRange[200] * multIf abs(close – avg) > atr then
avg = (close+avg)/2
//avg = avgN
else
avg = avg + TrendHyperos1m*(hold/mult/slope)
//avg = avgN
endifTrendHyperos1m = sgn(avg – avg[1])
If TrendHyperos1m <> TrendHyperos1m[1] then
hold = atr
else
hold = hold[1]
endifupper = avg + width*hold/100
lower = avg – width*hold/100If TrendHyperos1m = 1 then
r = rV
g = gV
b = bV
TrendHypeColor=1
else
r = rR
g = gR
b = bR
TrendHypeColor=-1
endif
if TrendHyperos1m<>TrendHyperos1m[1] THEN
avcandleH=(high-low)
upperprec=upper[1]
lowerprec=lower[1]
SearchUp=0
SearchDn=0
CambioTrendHyperBar=BarIndex
CambioTrendHyperVal=close
SignalHyper=0
If TrendHyperos1m = 1 THEN
///drawarrowUp(barindex,close-avcandleH) coloured(“blue”)
SignalHyper=1
ELSE
////drawarrowdown(barindex,close+avcandleH) coloured(“magenta”)
SignalHyper=-1
endif
endif
/////////////endif
////////////////////////////////////////
if SearchUp=0 and TrendHypeColor=1 and avg crosses over upperprec THEN
SearchUp=1
endif
if SearchDn=0 and TrendHypeColor=-1 and avg crosses under lowerprec THEN
SearchDn=1
endif
SignalHyperBounce=0
if SearchUp=1 and close crosses over avg THEN
//////drawarrowUp(barindex,close-avcandleH) coloured(“green”)
SignalHyperBounce=1
SearchUp=0
endif
if SearchDn=1 and close crosses under avg THEN
/////drawarrowDown(barindex,close+avcandleH) coloured(“yellow”)
SignalHyperBounce=-1
SearchDn=0
endif///////Return upper as “upper” COLOURED(rR,gR,bR,100)style(line,1),lower as “lower” COLOURED(rV,gV,bV,100)style(line,1), upperprec as “upperprec”, lowerprec as “lowerprec”,avg as “avg” COLOURED(r,g,b,255)style(line,1)
//////////////////////////////////////////////
///myBreakout, myTakeProfit, myStopLoss = CALL “TrendLines Breaker(1)”[FallingLines, RisingLines, LineLength, LineExtension, breakout, ValidatedBreakout, Retest, ValidatedRetest, intheTrend, Reversal, withVolumes, withDivergence, TakeProfit, TPLevel, StopLoss, SLLevel, FallingColor, RisingColor, LineThickness, FontSize, StartingYear](close)
// Conditions pour ouvrir une position acheteuse
entrBuy=myBreakout
entrSell=myBreakout
///////////////////////////////////
if EntrateHyperTrig=1 then
if entrBuy=0 and entrSell=0 and SignalHyperBounce=1 THEN
entrBuy=1
endif
if entrBuy=0 and entrSell=0 and SignalHyperBounce=-1 THEN
entrSell=1
endif
endif
Entrato=0
////
if TrendHypeColorDay=1 and close<LimituppavgDay THEN
entrSell=0
endif
if TrendHypeColorDay=-1 and close>LimitDownavgDay THEN
entrBuy=0
endif
if EntrataHyper=0 THEN
CheckTrendHypeColorBUY=1
CheckTrendHypeColorSELL=-1
ELSE
CheckTrendHypeColorBUY=TrendHypeColor
CheckTrendHypeColorSELL=-TrendHypeColor
endif
/////////////////////////////
if TooLateToEnter=1 then
if TrendHyperos1m=1 and barindex-CambioTrendHyperBar >TooLateToEnterMaxBar THEN
entrBuy=0
endif
if TrendHyperos1m=-1 and barindex-CambioTrendHyperBar >TooLateToEnterMaxBar THEN
entrSell =0
endif
endif
/////////////////////////////////////////
IF NOT LongOnMarket AND entrBuy=1 and CheckTrendHypeColorBUY=1 THEN
// Target price
///Set Target Price myTakeProfit
myTakeProfitBUY=myTakeProfit
// Stop-Loss price
Set Stop Price myStopLoss
myStopLossBUY=myStopLoss
// Buying order
BUY numc CONTRACTS AT MARKET
LastSignal=1
Entrato=1
ENDIF
///////////////////////////////
// Conditions pour ouvrir une position en vente à découvert
IF NOT ShortOnMarket AND entrSell = -1 and CheckTrendHypeColorSELL=-1 THEN
// Target price
///Set Target Price myTakeProfit
myTakeProfitSELL=myTakeProfit
// Stop-Loss price
Set Stop Price myStopLoss
myStopLossSELL=myStopLoss
// Buying order
SELLSHORT numc CONTRACTS AT MARKET
LastSignal=-1
Entrato=1
ENDIF
/////////////////////////////////////////////// USCITE
if UscitaHyper=1 then
if ShortOnMarket and SignalHyper=1 and TrendHypeColorDay=1 and close<avg30m THEN
EXITSHORT AT MARKET
endif
///////////////////////////////////////
if LongOnMarket and SignalHyper=-1 and TrendHypeColorDay=-1 and close>avg30m THEN
SELL AT MARKET
endif
endif
////////////////////////////
if SeguiTPconHyper=1 THEN
//Strategy: To do until I reach TakeProfit if BUY, I close when Hyper turns red and reopen when it turns green
/////// If I have reached Stop Loss I stop
if LastSignal=1 then
if LongOnMarket and SignalHyper=-1 THEN
SELL AT MARKET
endif
if not LongOnMarket and SignalHyper=1 and SignalHyper[1]=-1 and close<LimituppavgDay THEN /// Entrato=0 and
BUY NumberOfContracts CONTRACTS AT MARKET
endif
endif
/////////////
if LastSignal=-1 then
if ShortOnMarket and SignalHyper=1 THEN
EXITSHORT AT MARKET
endif
if not ShortOnMarket and SignalHyper=-1 and SignalHyper[1]=1 and close>LimitDownavgDay THEN /// Entrato=0 and
SELLSHORT NumberOfContracts CONTRACTS AT MARKET
endif
endif
endif
/////////////////////////////////////////////////////
if ExitTrailingStop=1 then
/////RETURN TrendLine coloured(r,g,0) style(line,2) as “BBands stop Trend”
PriceDistance = 7 * pipsize //7 minimun distance from current price
Moltav=1
SellPrice=avg-Moltav*avcandleH
ExitPrice=avg+Moltav*avcandleH//SellPrice=TMA30
///ExitPrice=TMA30+10
if LongOnMarket thenIF abs(close – SellPrice) > PriceDistance THEN
//
// place either a LIMIT or STOP pending order according to current price positioning
//
if close>avg then
IF close >= SellPrice THEN
SELL AT SellPrice STOP
ELSE
SELL AT SellPrice LIMIT
ENDIF
endif
ELSE
//
//sell AT MARKET when EXITPRICE does not meet the broker’s minimun distance from current price
//
///SELL AT Market
ENDIF
endif
if ShortOnMarket then
//
IF abs(close – ExitPrice) > PriceDistance THEN
//
// place either a LIMIT or STOP pending order according to current price positioning
if close<avg then
IF close <= ExitPrice THEN
EXITSHORT AT ExitPrice STOP
ELSE
EXITSHORT AT ExitPrice LIMIT
ENDIF
endif
ELSE
//
//ExitShort AT MARKET when EXITPRICE does not meet the broker’s minimun distance from current price
//
///EXITSHORT AT Market
ENDIF
endif
endif
/////
///graph myBreakout
///graph TrendHypeColorDay
///graph SignalHyperBounce
///graph TrendHypeColor
///graph SignalHyper1 user thanked author for this post.
Hello Roccafragius
I have been running your code with only a very change : I had to call the function “TrendLines Breaker” instead of “TrendLines Breaker(1)” : I do not know the changes you made in the function “TrendLines Breaker(1)” on IG Dow(1€), Nasdaq(1€), DAX40(1€), CAC40(1€) with always a spread of 2 points on the timeframes 1 min, 5 min, 15 min, 1 hour and 4 hour, each time using a 200k bars chart.
The results on the whole are not satisfactory,
- % Tr > 0 between 20 % and 30 %
- Equity curve mostly around 0 or negative, no result showing a steady growing equity curve
- Best results as average trade between 15€ and 30 € but on timeframe 1 hour or 4 hour, resulting in very low trade rate per day.
I have found that if you chose “only long trades” in the detailed report summary, you sometime achieve the same quality of results or even slightly better (teh short trade reduce the average performance), here screenshots of the detailed reports for Nasdaq 1 hour
Maybe this can allow further optimisation of the system especially for Long Trades. Until now, I had not the time to go deeply in understanding the code to try further optimization .
Hope this can help in the mean time
1 user thanked author for this post.
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