im really new at coding, so i know it doesnt run, but this what i got. I want to show buy signal when PSAR goes below the chart and the EMAs are below the chart(EMA200 below EMA20) I want to show sellsignal when PSAR goes above the chart and the EMAs are above the chart(EMA200 above EMA20) I find it really good automated startegy with R.R=2 . if you can help me run the code i reall appreciate your time and effort.
my effort is below - THANKS AGAIN :
strategy("PSAR 2EMAs Strategy",shorttitle="PSAR Buy/Sell" ,overlay=true )
indicator(title="Parabolic SAR", shorttitle="SAR", overlay=true, timeframe="",
timeframe_gaps=true)
start = input(0.02)
increment = input(0.02)
maximum = input(0.2, "Max Value")
out3 = ta.sar(start, increment, maximum)
plot(out3, "ParabolicSAR", style=plot.style_cross, color=#2962FF)
indicator(title="Moving Average Exponential", shorttitle="EMA1", overlay=true,
timeframe="", timeframe_gaps=true)
len = input.int(20, minval=1, title="Length")
src = input(close, title="Source")
offset = input.int(title="Offset", defval=0, minval=-500, maxval=500)
out = ta.ema(src, len)
plot(out, title="EMA", color=color.yellow, offset=offset)
ma(source, length, type) =>
switch type
"SMA" => ta.sma(source, length)
"EMA" => ta.ema(source, length)
"SMMA (RMA)" => ta.rma(source, length)
"WMA" => ta.wma(source, length)
"VWMA" => ta.vwma(source, length)
typeMA = input.string(title = "Method", defval = "SMA", options=["SMA", "EMA", "SMMA
(RMA)", "WMA", "VWMA"], group="Smoothing")
smoothingLength = input.int(title = "Length", defval = 5, minval = 1, maxval = 100,
group="Smoothing")
smoothingLine = ma(out, smoothingLength, typeMA)
plot(smoothingLine, title="Smoothing Line", color=#f37f20, offset=offset,
display=display.none)
indicator(title="Moving Average Exponential", shorttitle="EMA2", overlay=true,
timeframe="", timeframe_gaps=true)
len2 = input.int(200, minval=1, title="Length")
src2 = input(close, title="Source")
offset2 = input.int(title="Offset", defval=0, minval=-500, maxval=500)
out2 = ta.ema(src, len)
plot(out2, title="EMA", color=color.blue, offset2=offset2)
ma(source, length, type) =>
switch type
"SMA" => ta.sma(source, length)
"EMA" => ta.ema(source, length)
"SMMA (RMA)" => ta.rma(source, length)
"WMA" => ta.wma(source, length)
"VWMA" => ta.vwma(source, length)
typeMA = input.string(title = "Method", defval = "SMA", options=["SMA", "EMA", "SMMA
(RMA)", "WMA", "VWMA"], group="Smoothing")
smoothingLength = input.int(title = "Length", defval = 5, minval = 1, maxval = 100,
group="Smoothing")
smoothingLine = ma(out, smoothingLength, typeMA)
plot(smoothingLine, title="Smoothing Line", color=#f37f20, offset=offset,
display=display.none)
//the strategy goes like this: WHEN PSAR gets below the chart and EMA200 is below EMA20
and chart is above the 2 EMAs: "BUY"
// WHEN PSAR gets above the chart and EMA200 is above EMA20
and chart is below the 2 EMAs: "SELL"
if ta.change("PSAR Buy/Sell") < 0 and EMA1 below EMA2
strategy.entry("My Long Entry Id", strategy.long)
if ta.change("PSAR Buy/Sell") > 0 and EMA1 above EMA2
strategy.entry("My Short Entry Id", strategy.short)