OPEN-SOURCE SCRIPT
PEERTRADING WITH MOVING AVEREAGE
Peer Stocks Script Using TradingView
APIBridge, TradingView
You may want to optimize your entry conditions based on reference with peer stocks. For example, you may want to BUY HDFCBANK when the price of HDFC bank is in uptrend. Similarly when the price of ICICIBANK is also in uptrend. We will show you how to setup algo trading using such complex conditions, using a very simple strategy.
Peer Stocks Algo Strategy Logic
Entries will be taken only when Moving Average Crossover happens. Even though this tutorial uses Moving Average, you can use other indicators like SuperTrend, VWAP, RSI etc.
We will have a buy condition in current stock if candle crosses above moving average and the peer stock is bullish (peer stock is trading above moving average)
We will have a sell condition in current stock if candle crosses below moving average and peer stock is bearish (peer stock trading below moving average)
Explanation of logic with example: Say we have current stock as INFOSYS and peer stock as TCS. We may want to trade bullish if stock crosses above moving average. For that to we are also checking Peer TCS is in uptrend so that we filter our trades.
APIBridge, TradingView
You may want to optimize your entry conditions based on reference with peer stocks. For example, you may want to BUY HDFCBANK when the price of HDFC bank is in uptrend. Similarly when the price of ICICIBANK is also in uptrend. We will show you how to setup algo trading using such complex conditions, using a very simple strategy.
Peer Stocks Algo Strategy Logic
Entries will be taken only when Moving Average Crossover happens. Even though this tutorial uses Moving Average, you can use other indicators like SuperTrend, VWAP, RSI etc.
We will have a buy condition in current stock if candle crosses above moving average and the peer stock is bullish (peer stock is trading above moving average)
We will have a sell condition in current stock if candle crosses below moving average and peer stock is bearish (peer stock trading below moving average)
Explanation of logic with example: Say we have current stock as INFOSYS and peer stock as TCS. We may want to trade bullish if stock crosses above moving average. For that to we are also checking Peer TCS is in uptrend so that we filter our trades.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。