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Springpad's Multibagger Indicator PineScript.

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Shiv R Arora
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203 views

Springpad's Multibagger Indicator PineScript.

Uploaded by

Shiv R Arora
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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SPRINGPAD’S

ACCELERATOR

Multibagger
Indicator PineScript
SpringPad’s Multibagger Indicator
PineScript Code

//@version=5

strategy("52-Week High/Low Breakout Strategy", overlay=true)

// Define 52-week high and low

lookbackPeriod = 52 * 5 // 5 trading days in a week

highest52Week = ta.highest(high, lookbackPeriod)

lowest52Week = ta.lowest(low, lookbackPeriod)

// Buy condition: Close above the 52-week high

buyCondition = close > highest52Week[1] // [1] for accessing the previous value

if (buyCondition)

strategy.entry("Buy", strategy.long)

// Sell condition: Close below the 52-week low

sellCondition = close < lowest52Week[1]

if (sellCondition)

strategy.close("Buy") // Close long position before selling

strategy.entry("Sell", strategy.short) // Enter a short position

// Plot the levels for visual reference

plot(highest52Week, color=color.green, linewidth=2, title="52 Week High")

plot(lowest52Week, color=color.red, linewidth=2, title="52 Week Low")


STEPS to use the above Pine Script Code

1. Copy the above code and go to google and type tradingview.com

2. Below page will appear.


3. Then click on the top right Man icon and click on sign in.

4. Then you can sign in through your gmail ID or any email ID that
you have.

5. Then click on the search markets here box.


6. In that In that box, you can choose your favourite segment, like
stocks, funds, or forex, where you want to apply the pine script
code. For reference, I am going to apply this script to hdfc bank
stock, so I just search hdfc bank and click on lunch chart.
7. Below page will appear.

8. Now click on the Pine Editor Tab.

9. Clear everything in the terminal, like shown below.


10. Now paste the pine script in the terminal.

11. Now click on the right-side option named Add to Chart.

12. And done, you successfully executed the code.

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