MA + Volume Strategy

ieri

//version=5
strategy("MA + Volume Strategy", overlay=true)

// Parameters
maLength = input.int(50, title="MA Length", minval=1)
volLength = input.int(20, title="Volume MA Length", minval=1)

// Calculating Moving Average and Volume Average
ma = ta.sma(close, maLength)
volMa = ta.sma(volume, volLength)

// Plot the Moving Average
plot(ma, title="Moving Average", color=color.blue, linewidth=2)

// Buy Condition: Price crosses above the MA and Volume > Volume MA
buyCondition = ta.crossover(close, ma) and volume > volMa

// Sell Condition: Price crosses below the MA and Volume > Volume MA
sellCondition = ta.crossunder(close, ma) and volume > volMa

// Strategy entry/exit
if (buyCondition)
strategy.entry("Buy", strategy.long)

if (sellCondition)
strategy.close("Buy")

// Plot volume with volume average for reference
plot(volume, title="Volume", color=color.green, style=plot.style_histogram, transp=70)
plot(volMa, title="Volume Moving Average", color=color.red)