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    Mateus Mendes
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    The document defines a Keltner Channels strategy using two simple moving averages (SMA) and average true range (ATR) to generate upper and lower bands. It plots the SMAs and bands, enters long positions when the low crosses below the lower band and exits longs when the close crosses above one of the SMAs. It enters shorts when the high crosses above the upper band and exits shorts when the close crosses below one of the SMAs.

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    The document defines a Keltner Channels strategy using two simple moving averages (SMA) and average true range (ATR) to generate upper and lower bands. It plots the SMAs and bands, enters long positions when the low crosses below the lower band and exits longs when the close crosses above one of the SMAs. It enters shorts when the high crosses above the upper band and exits shorts when the close crosses below one of the SMAs.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views2 pages

    Version

    Uploaded by

    Mateus Mendes
    The document defines a Keltner Channels strategy using two simple moving averages (SMA) and average true range (ATR) to generate upper and lower bands. It plots the SMAs and bands, enters long positions when the low crosses below the lower band and exits longs when the close crosses above one of the SMAs. It enters shorts when the high crosses above the upper band and exits shorts when the close crosses below one of the SMAs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    //@version=5

    strategy("Keltner Channels Strategy", overlay=true)

    length = input(89, title="Length")


    lenght2 = input(34, title="Lenght2")
    mult = input(2, title="Multiplier")
    mult2 = input(3, title="Multplier2")

    basis = ta.sma(close, length)


    basis2 = ta.sma(close,lenght2)
    atr = ta.atr(length)

    upper_band = basis + (mult * atr)


    upper_band2 = basis + (mult2 * atr)
    lower_band = basis - (mult * atr)
    lower_band2 = basis - (mult2 * atr)

    plot(basis, color=color.blue, title="Basis")


    plot(basis2, color=color.white, title="Basis2")
    plot(upper_band, color=color.red, title="Upper Band")
    plot(lower_band, color=color.green, title="Lower Band")
    plot(upper_band2, color=color.red, title="Upper Band Ext")
    plot(lower_band2, color=color.green, title="Lower Band Ext")

    enterLong = ta.crossunder(low, lower_band)


    exitLong = ta.crossover(close, basis2)

    enterShort = ta.crossover(high, upper_band)


    exitShort = ta.crossunder(close, basis2)

    LongCondition = ta.crossunder (basis2, basis)


    if (LongCondition)
    strategy.entry("Long", strategy.long)
    strategy.close("CloseL", when=exitLong)

    ShortCondition = ta.crossover (basis2, basis)


    if (ShortCondition)
    strategy.entry("Short", strategy.short)
    strategy.close("CloseS", when=exitShort)

    AtivaTSLong = strategy.position_avg_price * 1.02


    AtivaTSShort = strategy.position_avg_price *0.98
    strategy.exit("Exit Long", "Long", trail_price = AtivaTSLong, trail_offset = 1 )
    strategy.exit("Exit Short", "Short", trail_price = AtivaTSShort, trail_offset = 1 )

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