OPEN-SOURCE SCRIPT
Super Guppy Strategy
Updated
CM Super Guppy with Long/Short signals, backtesting, and additional options. Updated for PineScript v4.
BTCUSD
Features 2 primary modes, depending on your risk profile. These options are available in the settings:
"Early Signals" ON (default):
"Early Signals" OFF
Additionally:
In development: alerts
BTCUSDFeatures 2 primary modes, depending on your risk profile. These options are available in the settings:
"Early Signals" ON (default):
- Prints a "long" on grey to green transitions AND red to gray transitions.
- Prints a "short" on green to grey transitions AND gray to red transitions.
- Will not print back-to-back repeated positions (i.e. green → grey → red will only print the first green → gray "short" signal and not print "short" twice).
- Rotates long and short positions with no delay.
"Early Signals" OFF
- Will close trades, but never open new ones, when guppy transitions to from any color to gray.
- Open long: guppy transitions gray to green.
- Close long: guppy transitions green to gray.
- Open short: guppy transitions gray to red.
- Close short: guppy transitions red to gray.
- Does not rotate long and short positions back to back.
Additionally:
- Can toggle on/off the 200EMA. Default is off.
- Can toggle on/off short positions. Default is on.
In development: alerts
Release Notes
Release notes:minor aesthetic update for opening and closing shorts with "Early Signal" mode disabled to be consistent with the rest of the labels. Removed some redundant comments.
Additional Notes:
Original post also mistakenly had "100%" for position size. Here are some additional results:
2% position size:
15% position size:
30% position size:
Release Notes
Ignore that last update, the screencaps did not publish the way I expected them to. I do advise playing around with position size while backtesting, and never go all in :). Also small grammatical fix to the original post, since we can't edit in TV: "when guppy transitions to from any color to gray" should instead say "when guppy transitions from any color to gray"
Happy trading!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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