0bps

Strategy vault / Mean reversion

SWING TRADE SIGNALS

BUY & SELL Signals for higher timeframes based on Ema & Sma with RSI overbought/oversold dots for possible reversal indication. It can be used for booking profit in the existing trade and take fresh position once the…

Pine ScriptMean reversionRSIEMASMA
Author
ChaoZhang
Complexity
Starter · 53 lines
Parameters
4
Backtest bar
1m · intraday
Tested on
BTC/USDT · futures
Jump to codeView in vaultOriginal on FMZ

BUY & SELL Signals for higher timeframes based on Ema & Sma with RSI overbought/oversold dots for possible reversal indication.

It can be used for booking profit in the existing trade and take fresh position once the new candle breaks the high/low of alert candle depending upon the side.

Best work with 1h+ timeframes.

backtest

IMG

Parameters

NameDefaultWhat it controls
v_input_15ema_value
v_input_250sma_value
v_input_380Overbought limit of RSI
v_input_420Oversold limit of RSI

Source Pine Script

/*backtest
start: 2022-04-25 00:00:00
end: 2022-05-24 23:59:00
period: 1m
basePeriod: 1m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © nicks1008
//@version=4
study("SWING CALLS",title="SMA call buy/sale",shorttitle = "SWING CALL",precision=1, overlay=true)
ema_value=input(5)
sma_value=input(50)
ema1=ema(close,ema_value)
sma2= sma(close,sma_value)
rs=rsi(close,14)

mycolor= iff(rs>=85 or rs<=15,color.yellow,iff(low> sma2,color.lime,iff(high<sma2,color.red,color.yellow)))

hl=input(80,title="Overbought limit of RSI",step=1)
ll=input(20,title="Oversold limit of RSI",step=1)


buyexit= crossunder(rs,hl)
sellexit=crossover(rs,ll)


plot(sma2,title="Long SMA",color=mycolor,linewidth=2,transp=40)

plotshape(buyexit,title="RSI alert Bearish", style=shape.triangledown,
                 location=location.abovebar, color=color.teal, text="↓\n ↓")
plotshape(sellexit,title="RSI alert Bullish", style=shape.triangleup,
                 location=location.belowbar, color=color.teal, text="↑ \n ↑")    
                 
sellcall= crossover(sma2,ema1)and open>close
buycall=crossunder (sma2,ema1)and high>sma2
                 
plotshape(buycall,title="BuyShape", style=shape.labelup,
                   location=location.belowbar, color=color.aqua, text="B",textcolor=color.white)
plotshape(sellcall,title="SellShape", style=shape.labeldown,
                   location=location.abovebar, color=color.red,transp=20, text="S",textcolor=color.black) 
                   
alertcondition(buyexit or sellexit,title="Reversal", message="Possible Reversal on Swing Signal Alert") 
alertcondition(buycall or sellcall,title="Buy/Sale Swing Signal", message="Swing Signal Entry Alert") 


if buycall
    strategy.entry("Enter Long", strategy.long)
else if sellcall
    strategy.entry("Enter Short", strategy.short)

Published by ChaoZhang on the FMZ strategy square · last modified 2022-05-26. Collected in the Quant Trading Vault. Unvalidated research: re-test with your own data and costs before trusting it.

Build this with AgenKit

A spec is not a trading system. Paste this into your coding agent and AgenKit runs a specialist team — architecture, test-first build, risk gates, review — with paper trading on by default.

in Claude Code, Cursor, Codex & 4 more
/agenkit build a production-grade trading bot with a backtest engine, risk controls and paper trading by default from strategies/SWING-TRADE-SIGNALS.md
  1. npx agenkit install engineering-kit in your project
  2. Paste the command into your agent and approve each phase
  3. Get tests, backtest, risk controls and a paper-trading switch
Get AgenKitHow /agenkit works

Understand it first

Before you run this, read the lesson behind the idea and how to backtest it honestly. Specs like this one are the survivors of an unknown number of trials; deflate their results accordingly.

Related specs

esc

Try , , or .

↑↓ move↵ open