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Universal Technical Analysis Strategy

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Universal Technical Analysis Strategy: Overview and User Guide
Strategy Overview
The Universal Technical Analysis Strategy is a robust trading system designed for Gold (XAUUSD), Nasdaq (NAS100), US30 (DJI), S&P 500 (SPX500), and Forex pairs (e.g., EURUSD, GBPUSD). Built for TradingView using Pine Script version 6, this strategy combines multiple technical indicators to identify high-probability entry and exit points, with dynamic stop-loss and take-profit levels to manage risk. It is highly customizable, allowing traders to adjust settings for different assets, and includes a table displaying recommended settings for each asset class.
The strategy aims to maximize win probability by confirming signals with multiple indicators and incorporating volatility-based risk management. It is suitable for various timeframes, with 1-hour (1H) or 4-hour (4H) charts recommended for optimal performance.
Key Components
The strategy uses the following indicators to generate trading signals:
• Exponential Moving Averages (EMA):
• Fast and Slow EMAs identify trend direction. A crossover (Fast EMA above Slow EMA) signals a potential long entry, while a crossunder signals a short entry.
• Relative Strength Index (RSI):
• Filters out trades in overbought (e.g., RSI > 70) or oversold (e.g., RSI < 30) conditions to avoid reversals.
• Moving Average Convergence Divergence (MACD):
• Confirms momentum with bullish (MACD line > signal line) or bearish (MACD line < signal line) crossovers.
• Bollinger Bands:
• Ensures entries occur in favorable volatility conditions, typically near the lower band for longs or upper band for shorts.
• Volume:
• Confirms signal strength by requiring volume to exceed its moving average, ensuring market participation.
Trading Logic
• Long Entry:
• Fast EMA crosses above Slow EMA.
• RSI is above the oversold threshold (e.g., 30).
• MACD shows a bullish crossover.
• Price is near or above the lower Bollinger Band.
• Volume exceeds its moving average (if enabled).
• Short Entry:
• Fast EMA crosses below Slow EMA.
• RSI is below the overbought threshold (e.g., 70).
• MACD shows a bearish crossover.
• Price is near or below the upper Bollinger Band.
• Volume exceeds its moving average (if enabled).
• Exit Conditions:
• Trades exit when the take-profit (TP) or stop-loss (SL) is hit.
• TP and SL are calculated using the Average True Range (ATR), multiplied by user-defined factors (e.g., SL = 1.5x ATR, TP = 2x ATR).
• Risk Management:
• Stop-loss protects against adverse moves, dynamically adjusted based on ATR.
• Take-profit ensures a favorable risk-reward ratio, typically 1:1.33 or higher.
Recommended Settings
The strategy includes an on-screen table displaying optimized settings for each asset class:
Asset Fast EMA Slow EMA RSI OB/OS BB Mult SL/TP Mult

Gold 12 26 75/25 2.5 1.8/2.5
Nasdaq 10 20 70/30 2.0 1.5/2.0
US30 9 21 70/30 2.0 1.5/2.0
S&P 500 10 20 70/30 2.0 1.5/2.0
Forex 14 28 65/35 1.8 1.2/1.8

These settings are tailored to each asset’s volatility and market behavior but can be adjusted for specific preferences or market conditions.
How to Use the Strategy in TradingView
Follow these steps to implement and use the strategy effectively:
• Add the Script to TradingView:
• Open TradingView (tradingview.com) (tradingview.com).
• Go to the Pine Editor at the bottom of the screen.
• Copy and paste the provided Pine Script code.
• Click Add to Chart to apply the strategy to your chart.
• Configure Settings:
• Open the Settings panel by clicking the gear icon next to the strategy name on the chart.
• Adjust inputs such as EMA lengths, RSI thresholds, MACD settings, Bollinger Bands multiplier, and SL/TP multipliers.
• Refer to the on-screen table (top-right corner) for recommended settings for your chosen asset (Gold, Nasdaq, US30, S&P 500, or Forex pairs).
• Select the desired Timeframe from the dropdown (default: 1H). 1H or 4H is recommended for reliable signals.
• Apply to Your Asset:
• Load the chart for your desired asset (e.g., XAUUSD for Gold, NAS100 for Nasdaq, EURUSD for Forex).
• Ensure the timeframe matches your trading style (e.g., 1H for swing trading, 15m for shorter-term trades).
• Monitor Trading Signals:
• Long Entries: Look for green triangles below the price bars, indicating a buy signal.
• Short Entries: Look for red triangles above the price bars, indicating a sell signal.
• The strategy automatically sets stop-loss and take-profit levels for each trade based on ATR.
• Fast and Slow EMAs are plotted on the chart (blue and red lines, respectively) to visualize the trend.
• Backtest the Strategy:
• Go to the Strategy Tester tab in TradingView (bottom panel).
• Review performance metrics (e.g., win rate, profit factor) for your chosen asset and timeframe.
• Adjust settings if needed to optimize performance based on historical data.
• Trade with Risk Management:
• Risk no more than 1-2% of your account per trade to protect against losses.
• Monitor open trades in the Strategy Tester or your broker’s platform, as the strategy manages exits automatically.
• Be aware that no strategy guarantees profits; always trade with caution.
Tips for Success
• Backtest Thoroughly: Test the strategy on historical data for each asset to understand its performance in different market conditions.
• Adjust Settings: Use the recommended settings as a starting point, but fine-tune parameters (e.g., EMA lengths, SL/TP multipliers) based on your trading style or market volatility.
• Combine with Analysis: Consider supplementing the strategy with fundamental analysis or support/resistance levels for additional confirmation.
• Choose the Right Timeframe: Higher timeframes (1H, 4H) reduce noise and improve signal reliability, while lower timeframes (e.g., 15m) suit day trading but may generate more false signals.
• Stay Disciplined: Follow the strategy’s signals and risk management rules to avoid emotional trading decisions.
Warnings
• Market Risk: Trading involves significant risk, and past performance does not guarantee future results. Only trade with capital you can afford to lose.
• Broker Compatibility: Ensure your broker supports TradingView’s strategy signals if you plan to automate trades.
• Testing Required: Always backtest and demo trade the strategy before using it with real money to confirm its suitability for your goals.
Customization
The strategy is highly flexible. You can modify parameters (e.g., indicator periods, SL/TP ratios) in the settings panel to suit specific assets or market conditions. For advanced users, the Pine Script code can be edited to add new indicators (e.g., Fibonacci levels, ADX) or adjust the trading logic.
Support
If you encounter issues (e.g., errors in TradingView) or need help customizing the strategy, consult the TradingView Pine Script documentation or seek assistance from a Pine Script developer. For questions about the strategy’s logic or performance, refer to the recommended settings table or backtest results.

Note di rilascio
Universal Technical Analysis Strategy (Pine Script v6)
This multi-asset trading strategy generates high-probability buy/sell signals for Gold (XAUUSD), Nasdaq, US30, S&P 500, Forex pairs, Bitcoin (BTCUSD), and XRP (XRPUSD). It integrates key indicators—EMAs, RSI, MACD, Bollinger Bands, Volume, and ATR—to confirm trend direction, momentum, and volatility, ensuring optimized trade entries. A settings table in the top-right corner provides asset-specific recommendations, enhancing adaptability across different markets.

Strategy Overview
This approach combines trend-following (EMAs), momentum analysis (RSI, MACD), volatility filters (Bollinger Bands), market participation validation (Volume), and dynamic risk management (ATR). The settings table optimizes configurations per asset, ensuring reliable performance across stable (Gold, Forex) and volatile (Bitcoin, XRP) markets. It supports multiple timeframes (1m–1D) with customizable inputs.

Key Components
EMAs: Fast (9) & Slow (21) define trend direction; crossover signals bullish/bearish momentum.

RSI (14): Filters extreme conditions (OB: 70, OS: 30) to refine trade signals.

MACD (12,26,9): Confirms momentum via MACD line crossovers.

Bollinger Bands (20, 2.0): Identifies volatility-based entry points.

Volume (SMA-14): Confirms market participation (optional).

ATR (14): Dynamically adjusts stop-loss (SL) & take-profit (TP) based on volatility.

Trading Logic
✅ Long Entries: EMA crossover, RSI > 30, MACD bullish signal, price near lower BB, volume confirmation. ✅ Short Entries: EMA crossunder, RSI < 70, MACD bearish signal, price near upper BB, volume confirmation. ✅ Exit Conditions:

Stop-Loss: ATR-based, dynamically adjusting to volatility (default: 1.5x ATR).

Take-Profit: ATR-based with favorable risk-reward ratio (default: 2.0x ATR).

Risk Management & Settings Table
SL/TP optimized per asset (Gold, Nasdaq, US30, S&P 500, Forex, Bitcoin, XRP).

Table displayed in the top-right corner with recommended settings (EMAs, RSI thresholds, BB multiplier, SL/TP).

Margin adjustments available in strategy properties.

Asset Fast EMA Slow EMA RSI OB/OS BB Mult SL/TP Mult
Gold (XAUUSD) 12 26 75/25 2.5 1.8/2.5
Nasdaq 10 20 70/30 2.0 1.5/2.0
US30 9 21 70/30 2.0 1.5/2.0
S&P 500 10 20 70/30 2.0 1.5/2.0
Forex 14 28 65/35 1.8 1.2/1.8
Bitcoin (BTCUSD) 10 20 75/25 2.2 2.0/2.5
XRP (XRPUSD) 12 24 70/30 2.0 1.5/2.0

Settings Explanation
Gold (XAUUSD): Wider Bollinger Bands (2.5) and SL/TP (1.8/2.5) suit trend-following behavior.

Nasdaq, US30, S&P 500: Moderate EMAs (9-10/20-21) and standard SL/TP (1.5/2.0).

Forex Pairs: Longer EMAs (14/28) with tighter SL/TP (1.2/1.8) for stable currencies.

Bitcoin (BTCUSD): Short EMAs (10/20), wider bands (2.2), and larger SL/TP (2.0/2.5) for high volatility.

XRP (XRPUSD): Moderate EMAs (12/24) with standard SL/TP (1.5/2.0).

Visualization & Usage
Indicators Plotted: Fast EMA (blue) & Slow EMA (red) for trends, entry signals as green/red triangles, and a settings table in the top-right.

TradingView Setup: Copy script into Pine Editor → "Add to Chart."

Customization: Modify EMA lengths, RSI thresholds, MACD, Bollinger Bands, ATR, and SL/TP settings.

Signal Monitoring: Watch entry signals and EMA trends for confirmation.

Backtesting: Use Strategy Tester to optimize settings per asset and timeframe (1H/4H for Gold & indices, 15M/1H for crypto).

Key Features & Strengths
✅ Multi-asset compatibility: Gold, Nasdaq, US30, S&P, Forex, Bitcoin, XRP ✅ Dynamic risk management using ATR-based SL/TP ✅ Simplified, uncluttered visualization (EMAs & signals only) ✅ Flexible timeframes (1m to 1D, optimized for 1H/4H) ✅ User-friendly settings table for easy configuration

Limitations & Considerations
Reduced Indicator Complexity: Excludes Fibonacci, ADX, and Stochastic.

Potential Overtrading: May generate more signals; adjust RSI or Bollinger Band settings for stricter entries.

Asset-Specific Optimization: BTC & XRP require careful risk management; Gold & Forex benefit from trend-based tuning.

Recommendations
Risk Management: Limit risk to 1-2% per trade; monitor drawdowns.

Timeframe Selection: 1H/4H for Gold, indices, Forex; 15M/1H for Bitcoin/XRP.

Customization: Adjust EMA lengths and RSI thresholds for tailored results.

Declinazione di responsabilità

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