9:22 5 MIN 15 MIN BANKNIFTY: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
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

47 lines of Pine Script v5 from 9-22 5 MIN 15 MIN BANKNIFTY.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

9-22 5 MIN 15 MIN BANKNIFTY.pine

//@version=5
strategy("9:22 5 MIN 15 MIN BANKNIFTY", overlay=true)
fastLength = input(9, title="Fast MA Length")
slowLength = input(22, title="Slow MA Length")
atrLength = input(14, title="ATR Length")
atrFilter = input(0.5, title="ATR Filter")
trailingStop = input(1.5, title="Trailing Stop Percentage")
pullbackThreshold = input(0.5, title="Pullback Threshold")
minCandleBody = input(0.5, title="Minimum Candle Body Percentage")
breakoutConfirmation = input(true, title="Use Breakout Confirmation")
price = close
mafast = ta.sma(price, fastLength)
maslow = ta.sma(price, slowLength)
atrValue = ta.atr(atrLength)
long_entry = ta.crossover(mafast, maslow) and atrValue > atrFilter
short_entry = ta.crossunder(mafast, maslow) and atrValue > atrFilter
// Pullback Filter
pullbackLong = ta.crossover(price, mafast) and ta.change(price) <= -pullbackThreshold
pullbackShort = ta.crossunder(price, mafast) and ta.change(price) >= pullbackThreshold
// Include pullback condition only if a valid entry signal is present
long_entry := long_entry and (pullbackLong or not ta.crossover(price, mafast))
short_entry := short_entry and (pullbackShort or not ta.crossunder(price, mafast))
// Filter based on candle body size
validLongEntry = long_entry and ta.change(price) > 0 and ta.change(price) >= minCandleBody
validShortEntry = short_entry and ta.change(price) < 0 and ta.change(price) <= -minCandleBody
// Breakout confirmation filter
breakoutLong = breakoutConfirmation ? (close > ta.highest(high, fastLength)[1]) : true
breakoutShort = breakoutConfirmation ? (close < ta.lowest(low, fastLength)[1]) : true
long_entry := validLongEntry and breakoutLong
short_entry := validShortEntry and breakoutShort
if (long_entry)
    strategy.entry("Long", strategy.long)
    strategy.close("Short")
    alert("Long trade iniated")
    
if (short_entry)
    strategy.entry("Short", strategy.short)
    strategy.close("Long")
    alert("Short trade initated")
// Trailing Stop-Loss
long_stop = strategy.position_avg_price * (1 - trailingStop / 100)
short_stop = strategy.position_avg_price * (1 + trailingStop / 100)
strategy.exit("Exit Long", "Long", stop = long_stop)
strategy.exit("Exit Short", "Short", stop = short_stop)
plot(mafast, color=color.green, linewidth=2, title="Fast MA")
plot(maslow, color=color.red, linewidth=2, title="Slow MA")
Expand (59 lines)

Overview

Entries also need ATR above a filter, a pullback check, a minimum candle-body change, and an optional close beyond the recent high or low. A percentage stop is set from the average entry price, with no separate take-profit rule. Lengths, the ATR filter, pullback and body thresholds, the stop percentage, and breakout confirmation are adjustable. The title cites five-minute and fifteen-minute Bank Nifty use, but the shown code does not request those timeframes.

Fast and slow SMA crossover entries
ATR volatility entry filter
Pullback and candle-body filters
Optional breakout confirmation
Percentage stop from average price

Details

Published by

hasnocool on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Indices

Timeframes

M1-M5, M15-H1

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

9-22 5 MIN 15 MIN BANKNIFTY.pine

Repository

github.com/hasnocool/tradingview-pine-scripts. See its other scripts in the library

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

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

Setting	Type	Default	Variable
Fast MA Length	`int`	`9`	`fastLength`
Slow MA Length	`int`	`22`	`slowLength`
ATR Length	`int`	`14`	`atrLength`
ATR Filter	`float`	`0.5`	`atrFilter`
Trailing Stop Percentage	`float`	`1.5`	`trailingStop`
Pullback Threshold	`float`	`0.5`	`pullbackThreshold`
Minimum Candle Body Percentage	`float`	`0.5`	`minCandleBody`
Use Breakout Confirmation	`bool`	`true`	`breakoutConfirmation`

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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