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This strategy is basically a conversion from the this MSB indicator. It is yet the most intensive and longest tested before being published.
Below are the pine script:
//This Pine script strategy was inspired and modified from MSB-OB by EmreKb. Credit goes to EmreKb.
//@version=5
strategy("MSB strategy[kriptos.my]", overlay=true, max_lines_count=500, max_bars_back=4900, max_boxes_count=500, initial_capital=100, default_qty_type=strategy.percent_of_equity, default_qty_value=99, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0.12)
//The setting below is example for NEARUSDT TF30min on Kucoin exchanger.
//In general, recommended TF are 15min/30min/1hour
// --- STRATEGY SETTINGS ---
strat_group = "Strategy Settings"
zigzag_len = input.int(14, "ZigZag Length [Recommended 3-14]", group=strat_group)
fib_factor = input.float(0.99, "Fib Factor [Recommended 0.3-0.99]", 0, 1, 0.01, group=strat_group)
tp_perc = input.float(9.0, title="Take Profit % [Recommended 4-14%]", step=0.1, group=strat_group)
rr_ratio = input.float(1.5, title="Reward/Risk Ratio [Recommended 1.0-3.0]", step=0.1, group=strat_group)
sl_perc = tp_perc / rr_ratio // Auto-calculates SL based on RR
time_group = "Time Filter [DO NOT FORGET to SET A DAY AFTER]"
start_time = input.time(timestamp("2025-01-01 00:00"), title="Start Time", group=time_group)
end_time = input.time(timestamp("2027-12-31 23:59"), title="End Time", group=time_group)
in_time_frame = time >= start_time and time <= end_time
// --- ORIGINAL INDICATOR SETTINGS ---
settings = "Settings"
show_zigzag = input.bool(true, "Show Zigzag", group=settings)
text_size = input.string(size.tiny, "Text Size", [size.tiny, size.small, size.normal, size.large, size.huge], group=settings)
delete_boxes = input.bool(false, "Delete Old/Broken Boxes", group=settings)
bu_ob_inline_color = "Bu-OB Colors"
be_ob_inline_color = "Be-OB Colors"
bu_bb_inline_color = "Bu-BB Colors"
be_bb_inline_color = "Be-BB Colors"
bu_ob_display_settings = "Bu-OB Display Settings"
bu_ob_color = input.color(color.new(color.green, 70), "Color", group=bu_ob_display_settings, inline=bu_ob_inline_color)
bu_ob_border_color = input.color(color.green, "Border Color", group=bu_ob_display_settings, inline=bu_ob_inline_color)
bu_ob_text_color = input.color(color.green, "Text Color", group=bu_ob_display_settings, inline=bu_ob_inline_color)
be_ob_display_settings = "Be-OB Display Settings"
be_ob_color = input.color(color.new(color.red, 70), "Color", group=be_ob_display_settings, inline=be_ob_inline_color)
be_ob_border_color = input.color(color.red, "Border Color", group=be_ob_display_settings, inline=be_ob_inline_color)
be_ob_text_color = input.color(color.red, "Text Color", group=be_ob_display_settings, inline=be_ob_inline_color)
bu_bb_display_settings = "Bu-BB & Bu-MB Display Settings"
bu_bb_color = input.color(color.new(color.green, 70), "Color", group=bu_bb_display_settings, inline=bu_bb_inline_color)
bu_bb_border_color = input.color(color.green, "Border Color", group=bu_bb_display_settings, inline=bu_bb_inline_color)
bu_bb_text_color = input.color(color.green, "Text Color", group=bu_bb_display_settings, inline=bu_bb_inline_color)
be_bb_display_settings = "Be-BB & Be-MB Display Settings"
be_bb_color = input.color(color.new(color.red, 70), "Color", group=be_bb_display_settings, inline=be_bb_inline_color)
be_bb_border_color = input.color(color.red, "Border Color", group=be_bb_display_settings, inline=be_bb_inline_color)
be_bb_text_color = input.color(color.red, "Text Color", group=be_bb_display_settings, inline=be_bb_inline_color)
var float[] high_points_arr = array.new_float(5)
var int[] high_index_arr = array.new_int(5)
var float[] low_points_arr = array.new_float(5)
var int[] low_index_arr = array.new_int(5)
var box[] bu_ob_boxes = array.new_box(5)
var box[] be_ob_boxes = array.new_box(5)
var box[] bu_bb_boxes = array.new_box(5)
var box[] be_bb_boxes = array.new_box(5)
var box[] bu_mb_boxes = array.new_box(5)
var box[] be_mb_boxes = array.new_box(5)
to_up = high >= ta.highest(zigzag_len)
to_down = low <= ta.lowest(zigzag_len)
trend = 1
trend := nz(trend[1], 1)
trend := trend == 1 and to_down ? -1 : trend == -1 and to_up ? 1 : trend
last_trend_up_since = ta.barssince(to_up[1])
low_val = ta.lowest(nz(last_trend_up_since > 0 ? last_trend_up_since : 1, 1))
low_index = bar_index - ta.barssince(low_val == low)
last_trend_down_since = ta.barssince(to_down[1])
high_val = ta.highest(nz(last_trend_down_since > 0 ? last_trend_down_since : 1, 1))
high_index = bar_index - ta.barssince(high_val == high)
if ta.change(trend) != 0
if trend == 1
array.push(low_points_arr, low_val)
array.push(low_index_arr, low_index)
if trend == -1
array.push(high_points_arr, high_val)
array.push(high_index_arr, high_index)
f_get_high(ind) =>
[array.get(high_points_arr, array.size(high_points_arr) - 1 - ind), array.get(high_index_arr, array.size(high_index_arr) - 1 - ind)]
f_get_low(ind) =>
[array.get(low_points_arr, array.size(low_points_arr) - 1 - ind), array.get(low_index_arr, array.size(low_index_arr) - 1 - ind)]
f_delete_box(box_arr) =>
if delete_boxes
box.delete(array.shift(box_arr))
else
array.shift(box_arr)
0
[h0, h0i] = f_get_high(0)
[h1, h1i] = f_get_high(1)
[l0, l0i] = f_get_low(0)
[l1, l1i] = f_get_low(1)
if ta.change(trend) != 0 and show_zigzag
if trend == 1
line.new(h0i, h0, l0i, l0)
if trend == -1
line.new(l0i, l0, h0i, h0)
market = 1
market := nz(market[1], 1)
market := market == 1 and close < l0 and low < l0 - math.abs(h0 - l0) * fib_factor ? -1 : market == -1 and close > h0 and high > h0 + math.abs(h0 - l0) * fib_factor ? 1 : market
last_l0 = ta.valuewhen(ta.change(market) != 0, l0, 0)
last_h0 = ta.valuewhen(ta.change(market) != 0, h0, 0)
market := last_l0 == l0 or last_h0 == h0 ? market : market == 1 and l0 < l1 and l0 < l1 - math.abs(h0 - l1) * fib_factor ? -1 : market == -1 and h0 > h1 and h0 > h1 + math.abs(h1 - l0) * fib_factor ? 1 : market
bu_ob_index = bar_index
bu_ob_index := nz(bu_ob_index[1], bar_index)
for i=h1i to l0i[zigzag_len]
index = bar_index - i
if open[index] > close[index]
bu_ob_index := bar_index[index]
bu_ob_since = bar_index - bu_ob_index
be_ob_index = bar_index
be_ob_index := nz(be_ob_index[1], bar_index)
for i=l1i to h0i[zigzag_len]
index = bar_index - i
if open[index] < close[index]
be_ob_index := bar_index[index]
be_ob_since = bar_index - be_ob_index
be_bb_index = bar_index
be_bb_index := nz(be_bb_index[1], bar_index)
for i=h1i - zigzag_len to l1i
index = bar_index - i
if open[index] > close[index]
be_bb_index := bar_index[index]
be_bb_since = bar_index - be_bb_index
bu_bb_index = bar_index
bu_bb_index := nz(bu_bb_index[1], bar_index)
for i=l1i - zigzag_len to h1i
index = bar_index - i
if open[index] < close[index]
bu_bb_index := bar_index[index]
bu_bb_since = bar_index - bu_bb_index
if ta.change(market) != 0
if market == 1
line.new(h1i, h1, h0i, h1, color=color.green, width=2)
label.new(int(math.avg(h1i, l0i)), h1, "MSB", color=color.new(color.black, 100), style=label.style_label_down, textcolor=color.green, size=size.small)
bu_ob = box.new(bu_ob_index, high[bu_ob_since], bar_index + 10, low[bu_ob_since], bgcolor=bu_ob_color, border_color=bu_ob_border_color, text="Bu-OB", text_color=bu_ob_text_color, text_halign=text.align_right, text_size=text_size)
array.push(bu_ob_boxes, bu_ob)
is_bu_bb = l0 < l1
bu_bb = box.new(bu_bb_index, high[bu_bb_since], bar_index + 10, low[bu_bb_since], bgcolor=bu_bb_color, border_color=bu_bb_border_color, text=is_bu_bb ? "Bu-BB" : "Bu-MB", text_color=bu_bb_text_color, text_halign=text.align_right, text_size=text_size)
if is_bu_bb
array.push(bu_bb_boxes, bu_bb)
else
array.push(bu_mb_boxes, bu_bb)
if market == -1
line.new(l1i, l1, l0i, l1, color=color.red, width=2)
label.new(int(math.avg(l1i, h0i)), l1, "MSB", color=color.new(color.black, 100), style=label.style_label_up, textcolor=color.red, size=size.small)
be_ob = box.new(be_ob_index, high[be_ob_since], bar_index + 10, low[be_ob_since], bgcolor=be_ob_color, border_color=be_ob_border_color, text="Be-OB", text_color=be_ob_text_color, text_halign=text.align_right, text_size=text_size)
array.push(be_ob_boxes, be_ob)
is_be_bb = h0 > h1
be_bb = box.new(be_bb_index, high[be_bb_since], bar_index + 10, low[be_bb_since], bgcolor=be_bb_color, border_color=be_bb_border_color, text=is_be_bb ? "Be-BB" : "Be-MB", text_color=be_bb_text_color, text_halign=text.align_right, text_size=text_size)
if is_be_bb
array.push(be_bb_boxes, be_bb)
else
array.push(be_mb_boxes, be_bb)
// --- MODIFIED ALERTS, BOX EXTENSION LOOPS & STRATEGY TRIGGER ---
long_signal = false
for bull_ob in bu_ob_boxes
if not na(bull_ob)
bottom = box.get_bottom(bull_ob)
top = box.get_top(bull_ob)
if close < bottom
f_delete_box(bu_ob_boxes)
else if close < top
continue // Stops box extension while inside the zone
else
box.set_right(bull_ob, bar_index + 10)
if close[1] <= top and barstate.isconfirmed
alert("Price closed above BU-OB green box")
long_signal := true
for bull_bb in bu_bb_boxes
if not na(bull_bb)
bottom = box.get_bottom(bull_bb)
top = box.get_top(bull_bb)
if close < bottom
f_delete_box(bu_bb_boxes)
else if close < top
continue
else
box.set_right(bull_bb, bar_index + 10)
if close[1] <= top and barstate.isconfirmed
alert("Price closed above Bu-BB green box")
long_signal := true
for bull_mb in bu_mb_boxes
if not na(bull_mb)
bottom = box.get_bottom(bull_mb)
top = box.get_top(bull_mb)
if close < bottom
f_delete_box(bu_mb_boxes)
else if close < top
continue
else
box.set_right(bull_mb, bar_index + 10)
for bear_ob in be_ob_boxes
if not na(bear_ob)
top = box.get_top(bear_ob)
bottom = box.get_bottom(bear_ob)
if close > top
f_delete_box(be_ob_boxes)
else if close > bottom
continue // Stops box extension while inside the zone
else
box.set_right(bear_ob, bar_index + 10)
if close[1] >= bottom and barstate.isconfirmed
alert("Price closed below BE-OB red box")
for bear_bb in be_bb_boxes
if not na(bear_bb)
top = box.get_top(bear_bb)
bottom = box.get_bottom(bear_bb)
if close > top
f_delete_box(be_bb_boxes)
else if close > bottom
continue
else
box.set_right(bear_bb, bar_index + 10)
if close[1] >= bottom and barstate.isconfirmed
alert("Price closed below Be-BB red box")
for bear_mb in be_mb_boxes
if not na(bear_mb)
top = box.get_top(bear_mb)
bottom = box.get_bottom(bear_mb)
if close > top
f_delete_box(be_mb_boxes)
else if close > bottom
continue
else
box.set_right(bear_mb, bar_index + 10)
alertcondition(ta.change(market) != 0, "MSB", "MSB")
// --- STRATEGY EXECUTION ---
if long_signal and in_time_frame
strategy.entry("Long", strategy.long)
if strategy.position_size > 0
limit_price = strategy.position_avg_price * (1 + (tp_perc / 100))
stop_price = strategy.position_avg_price * (1 - (sl_perc / 100))
strategy.exit("Exit Long", "Long", limit=limit_price, stop=stop_price)Examples of Recommeded settings:
Pair: NEARUSDT
Exchanger: Kucoin
TF: 30min
Zigzag Length: 14
Fib Factor for breakout confirmation: 0.99
Take Profit %: 9.0
RR ratio: 1.5
P/S Please do not forget to set the time filter to start trading on next following day. This is to ensure the first Buy Order will follow your initial capital USDT.
*code262
admin
If you would like to share your setting, u can post it here in the comment section.