Tradingview Kitchen strategy

Kitchen is a strategy that aims to trade in the direction of the trend by using supertrend and stochRsi data by calculating at different time values.

Click here to add indicator tradingview

First of all, let’s understand the supertrend and stocrsi indicators.

How do you read and use Super Trend for trading ?

The price is often going upwards when it breaks the super trend line while keeping its position above the indication level.

When the market is in a bullish trend, the indicator becomes green. The indicator level will act as trendline support in such a scenario. The color of the indicator changes to red to indicate a negative trend once the price crosses the support line. The price uses the super trend level as a trendline resistance during a bearish move.

In our strategy, if our 1-hour and 4-hour supertrend lines show the up or down train in the same direction at the same time, we can assume that a train is forming here.

 

Supertrend indicator
Supertrend indicator

 

Why do I use the time of 1 hour and 4 hours ?

When I did a backtest from the past to the present, I discovered that the most accurate and consistent time zones are the 1 hour and 4 hour time zones.

By the way we can change our short term timeframe(1H) and long term timeframe(4H) from settings panel

 

How do you read and use the Stoch-RSI Indicator?

This indicator analyzes price dynamics automatically to detect overbought and oversold locations.

The indicator includes:

-The primary line, which typically has values between 0 and 100;

-Two dynamic levels for overbought and oversold conditions.

Stoch-RSI Indicator
Stoch-RSI Indicator

 

if our stoch-rsi indicator value has fallen below our lower boundary line, the oversold event has been observed in the price, if our stoch-rsi value breaks up our bottom line after becoming oversold, we think that the price will start the recovery phase.(The case is also true for the opposite.)

However, this does not always apply and we need additional approvals, Therefore, our 1H and 4H supertrrend indicator provides us with additional confirmation.

 

Buy Conditions:

buy signal tradingview
buy signal tradingview

 

Our 1H(short term) and 4H(long term) supertrrend indicator, has given the buy signal(green line and yellow line), and if our stochrsi indicator has broken our oversold line up on the past 15 bars, the buy signal is formed here.

 

Sell Conditions:

sell signal tradingview
sell signal tradingview

 

Our 1H(short term)  and 4H(long term) supertrrend indicator, has given the sell signal(red line and orange line), and if our stochrsi indicator has broken our overbuy line down on the past 15 bars, the sell signal is formed here.

 

Stop Loss or Take Profit Conditions:

Exit Long Senerio:

exit long signal tradingview
exit long signal tradingview

 

All conditions are completed, the buy signal has arrived and we have entered a LONG trade, the 1-hour supertrend line follows the price rise(yellow line), if the price breaks below the 1-hour super trend line and a sell condition occurs for 1H timeframe for supertrend indcator, LONG trade will exit here.

Exit Short Senerio:

exit short signal tradingview
exit short signal tradingview

 

All conditions are completed, the Sell signal has arrived and we have entered a SHORT trade, the 1-hour supertrend line follows the price down(orange line), if the price breaks up the 1-hour super trend line and a buy condition occurs for 1H timeframe for supertrend indcator, SHORT trade will exit here.

 

What can you change in the settings panel?

settings panel tradingview
settings panel tradingview

 

1-We can set Start and End date for backtest and future alarms

2-We can set ATR length and Factor for supertrend indicator

3-We can set our short term and long term timeframe value

4-We can set StochRsi Up and Low limit to confirm buy and sell conditions

5-We can set stochrsi retroactive approval length

6-We can set stochrsi values or the length

7-We can set Dollar cost for per position

8- We can choose the direction of our positions, we can set only LONG, only SHORT or both directions.

9-IF you want to place automatic buy and sell orders with this strategy, you can paste your codes into the Long open-close or Short open-close message sections.

For example

IF you write your alert window this code {{strategy.order.alert_message}}.

When trigger Long signal you will get dynamically what you pasted here for Long Open Message

 

ALSO

Please do not open trades without properly managing your risk and psychology!!!

 

I can bring your ideas to life, you can visit my website here

 

Result of the strategy:

I recommend using this bot in a 1 hour time frame.

kitchen indicator backtest
kitchen indicator backtest

 

İletişim Adreslerim

İletişim kurmak için aşağıdaki seçenekleri kullanabilirsiniz.

Don’t give up on your dreams …

Sitedeki çalışmalar örnek niteliğindedir. Lütfen alım ve satım kararlarınızı verirken dikkatli olun !