5m Weapon One Leg Basket Synced: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Take profit and stop orders are armed together with the entry so same-bar touches execute correctly. Half the basket books at a one-point target, the rest runs until a MACD reversal, and refill entries have their own stop loss that closes all positions. Higher timeframe filters use confirmed bars. Up to six entries can stack.

Exits armed together with the entry order
Half the basket booked at a fixed point target
Runner exits on MACD reversal
Latest position panel and trade lines

Details

Published by

jayadevrana on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Oil & commodities

Timeframes

M1-M5

Risk Notes

Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
The strategy can add several entries in the same direction
The strategy enters trades without a stop loss

File

5m_weapon_1leg_basket_v6_synced.pine

Repository

github.com/jayadevrana/pinescript-adaptive-market-suite. See its other scripts in the library

Topics

indicatormarket-structurepine-scriptpinescript-v6supply-demandtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Allow Long	`bool`	`true`	`allowLong`
Allow Short	`bool`	`true`	`allowShort`
Total Basket Lots	`float`	`10`	`totalQty`
Partial / Refill Lots	`float`	`5`	`partialQty`
+1 Point Target (price units)	`float`	`1.0`	`targetPoints`
Entry Buffer % (close +/-)	`float`	`0.02`	`entryBufferPct`
Refill SL Buffer % (from signal candle Low/High)	`float`	`0.02`	`slBufferPct`
Trading Session	`session`	`0905-2230`	`tradeSession`
Show Entry / SL / Target Lines	`bool`	`true`	`showTradeLines`
Show Execution Markers	`bool`	`true`	`showExecMarkers`
Show Exit Reason Labels	`bool`	`true`	`showExitReasonLabels`
Line Extend Bars	`int`	`80`	`lineExtendBars`

Show all 40 settings

Setting	Type	Default	Variable
Label Left Offset Bars	`int`	`5`	`labelOffsetBars`
Label Vertical Spacing Ticks	`int`	`16`	`labelSpaceTicks`
Entry Line Color	`color`	`color.new(color.blue, 0)`	`entryLineColor`
Target Line Color	`color`	`color.new(color.green, 0)`	`targetLineColor`
SL Line Color	`color`	`color.new(color.red, 0)`	`slLineColor`
Show Latest Position Panel	`bool`	`true`	`showPosPanel`
Dark Panel Theme	`bool`	`true`	`panelDark`
ST ATR Length	`int`	`2`	`st_atr_len`
ST Factor	`float`	`1.0`	`st_factor`
EMA Fast Length	`int`	`3`	`ema_fast_len`
EMA Slow Length	`int`	`13`	`ema_slow_len`
MACD Fast Length	`int`	`12`	`macd_fast_len`
MACD Slow Length	`int`	`13`	`macd_slow_len`
MACD Signal Smoothing	`int`	`12`	`macd_signal_len`
RSI Length	`int`	`14`	`rsi_len`
ADX Length	`int`	`14`	`adxLen`
ADX Smoothing	`int`	`14`	`adxSmoothing`
ADX Rising Above Level	`float`	`15.0`	`adxLevel`
VWAP Slope Lookback	`int`	`10`	`vwapSlopeLookback`
VWAP Flat ATR Length	`int`	`14`	`vwapAtrLen`
VWAP Flat ATR Multiplier	`float`	`0.15`	`vwapFlatMult`
Volume EMA Length	`int`	`20`	`volEmaLen`
BB SMA / Mid Length	`int`	`10`	`bbLen`
BB Multiplier	`float`	`2.0`	`bbMult`
BB Band Slope Lookback	`int`	`3`	`bbSlopeLookback`
15m SMA Length for BB Bias	`int`	`10`	`bb15SmaLen`
Neutral Candle Body <= % of Range	`float`	`50.0`	`neutralBodyPct`
Show Neutral Candle Dot	`bool`	`true`	`showNeutralDot`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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