Help With Strategy

[TylerYong]

I noticed certain Price Action pattern and would like to test out the strategy with the floating Pnl (like using the Strategy in the Strategies tab). But unfortunately, I couldnt write the code out nicely (even with the help of chatgpt). Hence, I hope to seek help from pro like you peeps.



The requirement:
Condition 1: the signal candle must be > 10% gain, meaning the close price / open price >= 10%
Condition 2 : signal candle' MACD value line >= the 0 line
Condition 3 (not sure if this is possible via coding) : the signal candle closing price must be above the highest point of the nearest 2 red candle.
Condition 4 (not sure if this is possible via coding) : the signal candle's volume >= sum of the volume of the nearest 2 red candle.

Buy at the open price when the conditions are met (meaning the next day after the signal candle).

Selling condition: sell at 5% profit or 5% stock loss.

Thanks & Regards

 

[Svanoy]

@TylerYong

def MACDV = reference MACD.Value;
def LastRedHigh = if close < open then high else LastRedHigh[1];
def NextLastRedHigh = if GetTime() <> GetTime()[1] then LastRedHigh[1] else NextLastRedHigh[1];
def HighestLastRedHigh = if LastRedHigh > NextLastRedHigh then LastRedHigh else NextLastRedHigh;

def LastRedVolume = if close < open then volume else LastRedVolume[1];
def NextLastRedVolume = if GetTime() <> GetTime()[1] then LastRedVolume[1] else NextLastRedVolume[1];
def TotalLastTwoRedVolume = LastRedVolume + NextLastRedVolume;

def Cond1 = close/open >= .1;
def Cond2 = MACDV >= 0;
def Cond3 = close > HighestLastRedHigh;
def Cond4 = volume >= TotalLastTwoRedVolume;

def Buy;
def BuyTarget;
def BuyStop;
def ExitPrice;

if Buy[1] and high >= BuyTarget[1] {
Buy = 0;
BuyTarget = double.nan;
BuyStop = double.nan;
ExitPrice = BuyTarget[1];

}else if Buy[1] and low <= BuyStop[1] {
Buy = 0;
BuyTarget = double.nan;
BuyStop = double.nan;
ExitPrice = BuyStop[1];

}else if !Buy[1] && Cond1 && Cond2 && Cond3 && Cond4 {
Buy = 1;
BuyTarget = open[-1] + (open[-1] * .05);
BuyStop = open[-1] - (open[-1] * .05);
ExitPrice = double.nan;
}else {
Buy = Buy[1];
BuyTarget = BuyTarget[1];
BuyStop = BuyStop[1];
ExitPrice = ExitPrice[1];;
}

plot Signal = !Buy[1] && Cond1 && Cond2 && Cond3 && Cond4;
Signal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
plot BTPlot = BuyTarget;
plot BSPlot = BuyStop;

addOrder(OrderType.BUY_TO_OPEN, Buy, price = open[-1], tradesize = 1);
################################################################################################
#Use of negative offset in below exit order condition to simulate price hitting target or stop.#
addOrder(OrderType.SELL_TO_CLOSE, !Buy[-1], price = ExitPrice[-1], tradesize = 1);             #
################################################################################################

 

[TylerYong]

@TylerYong

def MACDV = reference MACD.Value;
def LastRedHigh = if close < open then high else LastRedHigh[1];
def NextLastRedHigh = if GetTime() <> GetTime()[1] then LastRedHigh[1] else NextLastRedHigh[1];
def HighestLastRedHigh = if LastRedHigh > NextLastRedHigh then LastRedHigh else NextLastRedHigh;

def LastRedVolume = if close < open then volume else LastRedVolume[1];
def NextLastRedVolume = if GetTime() <> GetTime()[1] then LastRedVolume[1] else NextLastRedVolume[1];
def TotalLastTwoRedVolume = LastRedVolume + NextLastRedVolume;

def Cond1 = close/open >= .1;
def Cond2 = MACDV >= 0;
def Cond3 = close > HighestLastRedHigh;
def Cond4 = volume >= TotalLastTwoRedVolume;

def Buy;
def BuyTarget;
def BuyStop;
def ExitPrice;

if Buy[1] and high >= BuyTarget[1] {
Buy = 0;
BuyTarget = double.nan;
BuyStop = double.nan;
ExitPrice = BuyTarget[1];

}else if Buy[1] and low <= BuyStop[1] {
Buy = 0;
BuyTarget = double.nan;
BuyStop = double.nan;
ExitPrice = BuyStop[1];

}else if !Buy[1] && Cond1 && Cond2 && Cond3 && Cond4 {
Buy = 1;
BuyTarget = open[-1] + (open[-1] * .05);
BuyStop = open[-1] - (open[-1] * .05);
ExitPrice = double.nan;
}else {
Buy = Buy[1];
BuyTarget = BuyTarget[1];
BuyStop = BuyStop[1];
ExitPrice = ExitPrice[1];;
}

plot Signal = !Buy[1] && Cond1 && Cond2 && Cond3 && Cond4;
Signal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
plot BTPlot = BuyTarget;
plot BSPlot = BuyStop;

addOrder(OrderType.BUY_TO_OPEN, Buy, price = open[-1], tradesize = 1);
################################################################################################
#Use of negative offset in below exit order condition to simulate price hitting target or stop.#
addOrder(OrderType.SELL_TO_CLOSE, !Buy[-1], price = ExitPrice[-1], tradesize = 1);             #
################################################################################################

Thanks alot buddy