EasyLanguage Code Examples

This page contains complete code examples for three trading strategies implemented in EasyLanguage for MultiCharts.

Moving Average Crossover Strategy

// Simple Moving Average Crossover Strategy
// This strategy generates buy signals when a fast moving average crosses above a slow moving average
// and sell signals when the fast moving average crosses below the slow moving average.

[IntrabarOrderGeneration = false]

// Input parameters that can be adjusted by the user
Inputs:
    FastLength(9),    // Length of the fast moving average
    SlowLength(20),   // Length of the slow moving average
    StopLoss(500),    // Stop loss amount in points
    ProfitTarget(1000); // Profit target amount in points

// Variables to store the moving average values
Variables:
    FastMA(0),        // Fast moving average value
    SlowMA(0),        // Slow moving average value
    FastMAprev(0),    // Previous bar's fast moving average
    SlowMArev(0);     // Previous bar's slow moving average

// Calculate the moving averages
FastMA = Average(Close, FastLength);
SlowMA = Average(Close, SlowLength);
FastMArev = FastMA[1];
SlowMArev = SlowMA[1];

// Plot the moving averages on the chart
Plot1(FastMA, "Fast MA", Blue);
Plot2(SlowMA, "Slow MA", Red);

// Entry conditions
// Buy when fast MA crosses above slow MA
If FastMA > SlowMA AND FastMArev <= SlowMArev Then
    Buy("MA Crossover") Next Bar at Market;

// Sell when fast MA crosses below slow MA
If FastMA < SlowMA AND FastMArev >= SlowMArev Then
    Sell("MA Crossover") Next Bar at Market;

// Exit conditions
// Set stop loss and profit target for long positions
If MarketPosition = 1 Then Begin
    SetStopLoss(StopLoss);
    SetProfitTarget(ProfitTarget);
End;

// Set stop loss and profit target for short positions
If MarketPosition = -1 Then Begin
    SetStopLoss(StopLoss);
    SetProfitTarget(ProfitTarget);
End;

RSI Strategy

// RSI Strategy
// This strategy uses the Relative Strength Index (RSI) to generate buy and sell signals
// Buy when RSI crosses above oversold level, sell when RSI crosses below overbought level

[IntrabarOrderGeneration = false]

// Input parameters that can be adjusted by the user
Inputs:
    RSILength(14),     // Length for RSI calculation
    OverSold(30),      // Oversold threshold
    OverBought(70),    // Overbought threshold
    StopLoss(500),     // Stop loss amount in points
    ProfitTarget(1000); // Profit target amount in points

// Variables to store values
Variables:
    RSIValue(0),       // Current RSI value
    RSIValuePrev(0);   // Previous bar's RSI value

// Calculate RSI
RSIValue = RSI(Close, RSILength);
RSIValuePrev = RSIValue[1];

// Plot RSI on the chart
Plot1(RSIValue, "RSI", Blue);
Plot2(OverBought, "Overbought", Red);
Plot3(OverSold, "Oversold", Green);

// Entry conditions
// Buy when RSI crosses above oversold level
If RSIValue > OverSold AND RSIValuePrev <= OverSold Then
    Buy("RSI Oversold") Next Bar at Market;

// Sell when RSI crosses below overbought level
If RSIValue < OverBought AND RSIValuePrev >= OverBought Then
    Sell("RSI Overbought") Next Bar at Market;

// Exit conditions
// Set stop loss and profit target for long positions
If MarketPosition = 1 Then Begin
    SetStopLoss(StopLoss);
    SetProfitTarget(ProfitTarget);
End;

// Set stop loss and profit target for short positions
If MarketPosition = -1 Then Begin
    SetStopLoss(StopLoss);
    SetProfitTarget(ProfitTarget);
End;

Breakout Strategy

// Breakout Strategy
// This strategy generates buy signals when price breaks above a resistance level
// and sell signals when price breaks below a support level

[IntrabarOrderGeneration = false]

// Input parameters that can be adjusted by the user
Inputs:
    Length(20),        // Lookback period for support/resistance levels
    StopLoss(500),     // Stop loss amount in points
    ProfitTarget(1000); // Profit target amount in points

// Variables to store values
Variables:
    HighestVal(0),     // Highest high over lookback period
    LowestVal(0);      // Lowest low over lookback period

// Calculate support and resistance levels
HighestVal = Highest(High[1], Length);
LowestVal = Lowest(Low[1], Length);

// Plot support and resistance levels on the chart
Plot1(HighestVal, "Resistance", Red);
Plot2(LowestVal, "Support", Green);

// Entry conditions
// Buy when price breaks above resistance level
If Close > HighestVal Then
    Buy("Breakout") Next Bar at Market;

// Sell when price breaks below support level
If Close < LowestVal Then
    Sell("Breakdown") Next Bar at Market;

// Exit conditions
// Set stop loss and profit target for long positions
If MarketPosition = 1 Then Begin
    SetStopLoss(StopLoss);
    SetProfitTarget(ProfitTarget);
End;

// Set stop loss and profit target for short positions
If MarketPosition = -1 Then Begin
    SetStopLoss(StopLoss);
    SetProfitTarget(ProfitTarget);
End;