Taking a new approach - I have noticed how all scripts have the same pattern (or issue) when it comes to a bear trend. The majority of scripts works just fine when in a bull trend but once the bears starts to overtake the shit hits the fan and the trades will mostly become negative. To prevent this I tried to create a script that only trades during a bull run. This strategy is initially created for coins with a big marketcap and for daily timeframe. It works well on 4H timeframes for some coins as well though. I have tested this through Bar Replay on daily and 4H BTC and it holds out! No repaint!
I will be adding a version for alerts soon.
Please try it out and let me know your thoughts and findings!
//Jack
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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.