TEMA Strategy Indicator Pinescript

These strategies are for demonstration purposes only and are not intended for actual trading. Saanmi Capital is not responsible for any profit or loss arising from the use of these sample strategies.

//@version=5
strategy(“TEMA Strategy”, overlay=true)

// Input parameters
length = input.int(14, title=”TEMA Length”)
target_points = input.int(100, title=”Target Points”)
stop_loss_points = input.int(50, title=”Stop Loss Points”)

// Calculate TEMA
ema1 = ta.ema(close, length)
ema2 = ta.ema(ema1, length)
ema3 = ta.ema(ema2, length)
tema = 3 * ema1 – 3 * ema2 + ema3

// Strategy logic
long_condition = ta.crossover(close, tema)
short_condition = ta.crossunder(close, tema)

// Plot TEMA
plot(tema, color=color.blue, title=”TEMA”)

// Strategy entry
if long_condition
strategy.entry(“Long”, strategy.long)

if short_condition
strategy.entry(“Short”, strategy.short)

// Calculate target and stop loss levels
long_target = strategy.position_avg_price + target_points
long_stop_loss = strategy.position_avg_price – stop_loss_points
short_target = strategy.position_avg_price – target_points
short_stop_loss = strategy.position_avg_price + stop_loss_points

// Strategy exit
strategy.exit(“Long Exit”, “Long”, limit=long_target, stop=long_stop_loss)
strategy.exit(“Short Exit”, “Short”, limit=short_target, stop=short_stop_loss)