Donchian Channels was developed by Richard Donchian in 1949. They have been used with great success by the Turtles, a group of traders in the 1980s who managed to obtain returns of 80% annually. Truly incredible story. This particular indicator is a trend trading system I coded that shows you when to enter long or short and when to exit those longs or shorts. In...
There are a few different attempts at the turtle strategy on here, but none that I have seen thus far correctly follow the strategy as I know it. This version uses a stop order to trail out of the position by moving the stop order to match the exit channel or stoploss as the N*2( ema of True Range * 2). This version of turtle strategy also uses stop orders for...
First pinescript strategy I've ever written so still learning what is possible. This strategy is based on the famous turtle system and tried to stay true to the rules within the confines of what pinescript will allow me to do. Features: Green lines represents the 20/55 day highs (configurable) Red lines represent the 10/20 day lows (configurable) ...
Turtle strategy with multiple options: - Choose time range for backtest - input parameters for strategy - trend filter by MA (not trade against trend define by MA). You can choose SMA, EMA, ... and time frame you want not depend on chart time frame (Ex: using daily MA trend filter for strategy on 4h chart) - risk equity (%) to calculate position size from ATR...
original idea from «Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders» (2007) CURTIS FAITH