//@version=5strategy("BTCUSDT Day Trading Strategy", shorttitle="BTCUSDT DayTrade", overlay=true)// Moving Averagesfast_ma = sma(close, 10)slow_ma = sma(close, 30)// RSIrsi = rsi(close, 14)// Volumevolume_conf = volume > sma(volume, 20)// Risk Managementrisk_ratio = 0.02 // 2% risk per trade// Entry Conditionsbuy_signal = crossover(fast_ma, slow_ma) and rsi < 70 and volume_conf// Strategy Entryif (buy_signal) strategy.entry("Buy", strategy.long)// Exit Conditionsif (strategy.position_size > 0) stop_loss = strategy.position_avg_price * (1 - risk_ratio) profit_target = strategy.position_avg_price * (1 + risk_ratio) strategy.exit("Stop Loss/Profit", from_entry="Buy", stop=stop_loss, limit=profit_target)The changes made to the original code are as follows:Replacedta.sma()withsma()for calculating moving averages, as it is a built-in function in Pine Script 5.Replacedta.rsi()withrsi()for calculating the Relative Strength Index (RSI).Replacedta.crossover()withcrossover()for checking the crossover of moving averages.Replacedvolume > ta.sma(volume, 20)withvolume > sma(volume, 20)for volume confirmation.Removed unnecessary parentheses in thestrategy.entry()andstrategy.exit()functions.
7/3/2024 04:23pm