Pine Script Trading Strategy Development
Budget: $250 – $750 USD
I'm looking for a skilled developer to create a Pine Script trading strategy for TradingView. The strategy should be tailored for a monthly timeframe and focused on detecting downtrend Elliott wave patterns (12345) using swing highs and lows.
Key Requirements:
- The strategy needs to plot a line at the end (Lowest low) of wave 3 once the wave is identified.
- Trade initiation should occur when the monthly price closes above this line by at least 10% and then retraces to touch it again.
- Stop loss should be set just below wave 5 by 1%.
- Target price must ensure a minimum risk-reward ratio of 3:1 based on the stop loss price.
Chart Data Display:
- The strategy should visually mark the wave numbers (Bottom of wave 1, top of wave 2, etc.)
- It should also display the entry price line, target price line, stop loss price line, and the detected line of wave 3.
- Only basic lines and markers are needed for the chart.
Strategy Optimization:
- The primary focus should be on the accuracy of wave detection to minimize false entries and maximize profit potential.
Notifications:
- The strategy should include in-app notifications for critical updates.
Ideal Skills:
- Proficient in Pine Script and TradingView platform.
- Strong understanding of Elliott Wave theory.
- Experience in developing and optimizing trading strategies.
- Ability to create clear and concise visual data representations.
Key Requirements:
- The strategy needs to plot a line at the end (Lowest low) of wave 3 once the wave is identified.
- Trade initiation should occur when the monthly price closes above this line by at least 10% and then retraces to touch it again.
- Stop loss should be set just below wave 5 by 1%.
- Target price must ensure a minimum risk-reward ratio of 3:1 based on the stop loss price.
Chart Data Display:
- The strategy should visually mark the wave numbers (Bottom of wave 1, top of wave 2, etc.)
- It should also display the entry price line, target price line, stop loss price line, and the detected line of wave 3.
- Only basic lines and markers are needed for the chart.
Strategy Optimization:
- The primary focus should be on the accuracy of wave detection to minimize false entries and maximize profit potential.
Notifications:
- The strategy should include in-app notifications for critical updates.
Ideal Skills:
- Proficient in Pine Script and TradingView platform.
- Strong understanding of Elliott Wave theory.
- Experience in developing and optimizing trading strategies.
- Ability to create clear and concise visual data representations.