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New Pine Script Published: Buy the Dip 2-Weeks-Low

This strategy is practically the same as before here, just it is revised with longer time frame for better backtesting. And it has modifiable input tab.

Strategy Description: It buys when the price dip at 2-week-low. The take profit is set at 3% and stop loss at 1%.

Potential ROI Monthly (in sideway): 0-10%

Recommended Settings:


Time frame: 15mins (*Optional: You can use TF5min, but adjust the Number of  Candles = 4100)

Initial Capital: 100

Base Currency: Default

Order Size: 100% of equity

Pyramiding: 1 order

Commission: 0.1 %

Take Profit: 3%

Stop Loss: 1%

strategy("Buy2weeksLow-TF15min[]", overlay=true)

// Input for the number of candles
num_candles = input(1344, title="Number of Candles", minval=1)

// Define the candles low price
low_candles = lowest(low, num_candles)

// Define the buy condition
buy_condition = low <= low_candles

// Create the buy order
if buy_condition
    strategy.entry("Buy", strategy.long)

// Input for take profit percentage
tp_percentage = input(3, title="Take Profit Percentage", minval=0, maxval=10)

// Calculate take profit level
tp_price = close * (1 + tp_percentage / 100)

// Create the take profit order
strategy.exit("Take Profit", "Buy", limit=tp_price)

// Input for stop loss percentage
sl_percentage = input(1, title="Stop Loss Percentage", minval=0, maxval=5)

// Calculate stop loss level
sl_price = close * (1 - sl_percentage / 100)

// Create the stop loss order
strategy.exit("Stop Loss", "Buy", stop=sl_price)

// Plot the candles low for reference
plot(low_candles,, 0), linewidth=2, title="Low Candles")


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