Multi Trend Cross Strategy Template

2022년 10월 26일

Today I am sharing with the community trend cross strategy template that incorporates any combination of over 20 built in indicators. Some of these indicators are in the Pine library, and some have been custom coded and contributed over time by the beloved Pine Coder community. Identifying a trend cross is a common trend following strategy and a common custom-code request from the community. Using this template, users can now select from over 400 different potential trend combinations and setup alerts without any custom coding required. This Multi-Trend cross template has a very inclusive library of trend calculations/indicators built-in, and will plot any of the 20+ indicators/trends that you can select in the settings.

How it works: Simple trend cross strategies go long when the fast trend crosses over the slow trend, and/or go short when the fast trend crosses under the slow trend. Options for either trend direction are built-in to this strategy template. The script is also coded in a way that allows you to enable/modify pyramid settings and scale into a position over time after a trend has crossed.

Use cases: These types of strategies can reduce the volatility of returns and can help avoid large market downswings. For instance, those running a longer term trend-cross strategy may have not realized half the down swing of the bear markets or crashes in 02', 08', 20', etc. However, in other years, they may have exited the market from time to time at unfavorable points that didn't end up being a down turn, or at times the market was ranging sideways. Some also use them to reduce volatility and then add leverage to attempt to beat buy/hold of the underlying asset within an acceptable drawdown threshold.

Special thanks to Duyck, everget, KivancOzbilgic and LazyBear for coding and contributing earlier versions of some of these custom indicators in Pine.

This script incorporates all of the following indicators. Each of them can be selected and modified from within the indicator settings:

• ALMA - Arnaud Legoux Moving Average
  
• DEMA - Double Exponential Moving Average
  
• DSMA - Deviation Scaled Moving Average - Contributed by Everget
  
• EMA - Exponential Moving Average
  
• HMA - Hull Moving Average
  
• JMA - Jurik Moving Average - Contributed by Everget
  
• KAMA - Kaufman's Adaptive Moving Average - Contributed by Everget
  
• LSMA - Linear Regression , Least Squares Moving Average
  
• RMA - Relative Moving Average
  
• SMA - Simple Moving Average
  
• SMMA - Smoothed Moving Average
  
• Price Source - Plotted based on source selection
  
• TEMA - Triple Exponential Moving Average
  
• TMA - Triangular Moving Average
  
• VAMA - Volume Adjusted Moving Average - Contributed by Duyck
  
• VIDYA - Variable Index Dynamic Average - Contributed by KivancOzbilgic
  
• VMA - Variable Moving Average - Contributed by LazyBear
  
• VWMA - Volume Weighted Moving Average
  
• WMA - Weighted Moving Average
  
• WWMA - Welles Wilder's Moving Average
  
• ZLEMA - Zero Lag Exponential Moving Average - Contributed by KivancOzbilgic
  

Disclaimer: This is not financial advice. Open-source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. If you would like to implement a version of any script, I would recommend making significant additions/modifications to the strategy & risk management functions. If you don’t know how to program in Pine, then hire a Pine-coder. We can help!