IND
//version=5
strategy("Prajapati", overlay=true)
// Input Settings
riskPercent = input.float(3, title="Risk Percentage per Trade (%)", minval=0.1, step=0.1)
rewardRatio = input.float(3, title="Risk-Reward Ratio", minval=1.0)
capital = input.float(10000, title="Starting Capital ($)", minval=1)
atrMultiplier = input.float(1.5, title="ATR Multiplier for Stop Loss")
show_TT = input.bool(true, title = "Show T and TT")
show_sma = input.bool(true, title = "Show SMA")
// ATR Calculation for Volatility-based Stop-Loss
atrLength = input.int(14, title="ATR Length")
atrValue = ta.atr(atrLength)
stopLossDistance = atrValue * atrMultiplier
takeProfitDistance = stopLossDistance * rewardRatio
// Simple Moving Averages
fastMA = ta.sma(close, 13)
slowMA = ta.sma(close, 5)
// Entry and Exit Conditions using Simple Moving Averages
longCondition = ta.crossover(fastMA, slowMA)
shortCondition = ta.crossunder(fastMA, slowMA)
// Candlestick Patterns Functions
isBullishEngulfing() => (open[1] > close[1] and close > open and close >= open[1] and close[1] >= open and close - open > open[1] - close[1])
isBearishEngulfing() => (close[1] > open[1] and open > close and open >= close[1] and open[1] >= close and open - close > close[1] - open[1])
isHammer() => (((high - low) > 3 * (open - close)) and ((close - low) / (.001 + high - low) > 0.6) and ((open - low) / (.001 + high - low) > 0.6))
isInvertedHammer() => (((high - low) > 3 * (open - close)) and ((high - close) / (.001 + high - low) > 0.6) and ((high - open) / (.001 + high - low) > 0.6))
isBullishHarami() => (open[1] > close[1] and close > open and close <= open[1] and close[1] <= open and close - open < open[1] - close[1])
isBearishHarami() => (close[1] > open[1] and open > close and open <= close[1] and open[1] <= close and open - close < close[1] - open[1])
// Color Bars for Candlestick Patterns
barcolor(isBullishEngulfing() ? color.rgb(0, 102, 255) : na)
barcolor(isHammer() ? (#1f0cef) : na)
barcolor(isBullishHarami() ? color.rgb(0, 93, 214) : na)
barcolor(isBearishEngulfing() ? color.rgb(255, 196, 0) : na)
barcolor(isBearishHarami() ? color.rgb(251, 255, 0) : na)
barcolor(isInvertedHammer() ? color.rgb(247, 0, 247) : na)
// Calculate SMA for Visualization
sma_22 = ta.sma(close, 22)
lineColor = close > sma_22 ? color.black : color.black
plot(show_sma ? sma_22 : na, color=lineColor, linewidth=1)
// Determine T and TT Labels based on Conditions
candleCrossG = ta.crossover(close, sma_22)
candleCrossR = ta.crossunder(close, sma_22)
// Place Trades Based on Conditions
if (longCondition)
strategy.entry("BUY ", strategy.long)
strategy.exit("Take Profit", from_entry="Long", limit=close + takeProfitDistance, stop=close - stopLossDistance)
if (shortCondition)
strategy.entry("SELL", strategy.short)
strategy.exit("Take Profit", from_entry="Short", limit=close - takeProfitDistance, stop=close + stopLossDistance)
// Plotting Stop Loss and Take Profit Levels for Visualization
plot(longCondition ? close - stopLossDistance : na, color=na, title="Stop Loss", linewidth=1, style=plot.style_line)
plot(longCondition ? close + takeProfitDistance : na, color=na, title="Take Profit", linewidth=1, style=plot.style_line)
plot(shortCondition ? close + stopLossDistance : na, color=na, title="Stop Loss (Short)", linewidth=1, style=plot.style_line)
plot(shortCondition ? close - takeProfitDistance : na, color=na, title="Take Profit (Short)", linewidth=1, style=plot.style_line)
strategy("Prajapati", overlay=true)
// Input Settings
riskPercent = input.float(3, title="Risk Percentage per Trade (%)", minval=0.1, step=0.1)
rewardRatio = input.float(3, title="Risk-Reward Ratio", minval=1.0)
capital = input.float(10000, title="Starting Capital ($)", minval=1)
atrMultiplier = input.float(1.5, title="ATR Multiplier for Stop Loss")
show_TT = input.bool(true, title = "Show T and TT")
show_sma = input.bool(true, title = "Show SMA")
// ATR Calculation for Volatility-based Stop-Loss
atrLength = input.int(14, title="ATR Length")
atrValue = ta.atr(atrLength)
stopLossDistance = atrValue * atrMultiplier
takeProfitDistance = stopLossDistance * rewardRatio
// Simple Moving Averages
fastMA = ta.sma(close, 13)
slowMA = ta.sma(close, 5)
// Entry and Exit Conditions using Simple Moving Averages
longCondition = ta.crossover(fastMA, slowMA)
shortCondition = ta.crossunder(fastMA, slowMA)
// Candlestick Patterns Functions
isBullishEngulfing() => (open[1] > close[1] and close > open and close >= open[1] and close[1] >= open and close - open > open[1] - close[1])
isBearishEngulfing() => (close[1] > open[1] and open > close and open >= close[1] and open[1] >= close and open - close > close[1] - open[1])
isHammer() => (((high - low) > 3 * (open - close)) and ((close - low) / (.001 + high - low) > 0.6) and ((open - low) / (.001 + high - low) > 0.6))
isInvertedHammer() => (((high - low) > 3 * (open - close)) and ((high - close) / (.001 + high - low) > 0.6) and ((high - open) / (.001 + high - low) > 0.6))
isBullishHarami() => (open[1] > close[1] and close > open and close <= open[1] and close[1] <= open and close - open < open[1] - close[1])
isBearishHarami() => (close[1] > open[1] and open > close and open <= close[1] and open[1] <= close and open - close < close[1] - open[1])
// Color Bars for Candlestick Patterns
barcolor(isBullishEngulfing() ? color.rgb(0, 102, 255) : na)
barcolor(isHammer() ? (#1f0cef) : na)
barcolor(isBullishHarami() ? color.rgb(0, 93, 214) : na)
barcolor(isBearishEngulfing() ? color.rgb(255, 196, 0) : na)
barcolor(isBearishHarami() ? color.rgb(251, 255, 0) : na)
barcolor(isInvertedHammer() ? color.rgb(247, 0, 247) : na)
// Calculate SMA for Visualization
sma_22 = ta.sma(close, 22)
lineColor = close > sma_22 ? color.black : color.black
plot(show_sma ? sma_22 : na, color=lineColor, linewidth=1)
// Determine T and TT Labels based on Conditions
candleCrossG = ta.crossover(close, sma_22)
candleCrossR = ta.crossunder(close, sma_22)
// Place Trades Based on Conditions
if (longCondition)
strategy.entry("BUY ", strategy.long)
strategy.exit("Take Profit", from_entry="Long", limit=close + takeProfitDistance, stop=close - stopLossDistance)
if (shortCondition)
strategy.entry("SELL", strategy.short)
strategy.exit("Take Profit", from_entry="Short", limit=close - takeProfitDistance, stop=close + stopLossDistance)
// Plotting Stop Loss and Take Profit Levels for Visualization
plot(longCondition ? close - stopLossDistance : na, color=na, title="Stop Loss", linewidth=1, style=plot.style_line)
plot(longCondition ? close + takeProfitDistance : na, color=na, title="Take Profit", linewidth=1, style=plot.style_line)
plot(shortCondition ? close + stopLossDistance : na, color=na, title="Stop Loss (Short)", linewidth=1, style=plot.style_line)
plot(shortCondition ? close - takeProfitDistance : na, color=na, title="Take Profit (Short)", linewidth=1, style=plot.style_line)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.