Strategy · Pine Script v4 · On the chart

Allow Entry In Demo

by be-thomas

This Pine Script v4 strategy demonstrates the strategy.risk.allow_entry_in function for conditional entry control.

View on GitHub

GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code6
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

6 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-essential-strategies-14.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

v4-essential-strategies-14.pine
//@version=4
strategy("allow_entry_in demo", overlay=true)
if year > 2014
    strategy.entry("LE", strategy.long, when=strategy.position_size <= 0)
    strategy.entry("SE", strategy.short, when=strategy.position_size > 0)
strategy.risk.allow_entry_in(strategy.direction.long)

Overview

Allow Entry In Demo draws entries on the price chart by opening long positions when position size is less than or equal to zero and short positions when position size exceeds zero, but restricts entries to after the year 2014. The allow_entry_in call for long direction limits additional entries based on direction rules. No inputs are defined. It has no stop loss and does not specify exit rules.

Details

Published by

be-thomas on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

Topics

algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview

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.

Similar Pine Scripts

Doge SMA

by hackingthemarkets
474 stars

Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s

Strategy v4 TrendMoving averages
Updated 4 years ago · None stated GitHub repository of Doge SMA
440 stars

This script is an empty strategy template for Pine Script developers. It declares a version 4 strategy named Basic Strategy Boilerplate with the short title Strategy Boilerplate and sets overlay to true so any future plots would appear on the price chart. It d

Strategy v4
Updated 7 years ago · GPL-3.0 GitHub repository of Basic Strategy Boilerplate

This strategy calculates and plots a fast Exponential Moving Average (EMA) and a slow EMA directly on the main price chart. It enters long trades when the fast EMA crosses above the slow EMA and exits when the fast EMA crosses below the slow EMA. Inputs allow

Strategy v6 TrendMoving averages
Updated today · AGPL-3.0 GitHub repository of Forven S01508 — Simple EMA20/50 Cross
330 stars

2 EMA/SMA + RSI Strategy [Alorse] combines three configurable moving averages with a short-period Relative Strength Index filter. It plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the

Strategy v4 TrendOscillators & momentum
Updated 2 months ago · None stated GitHub repository of 2 EMA/SMA + RSI Strategy [Alorse]

Acrypto - Weighted Strategy

by AlbertoCuadra
318 stars

This strategy plots on the price chart and opens long or short positions when a weighted score from MACD, Stochastic RSI, RSI, Supertrend and a moving-average crossover exceeds a user-set trigger. Each component has its own weight and candle delay. Entries can

Strategy v5 TrendOscillators & momentum
Updated 3 years ago · Custom licence GitHub repository of Acrypto - Weighted Strategy

This overlay strategy offers two selectable entry modes: a Bollinger squeeze on typical price and a simple moving-average cross. It filters trades by weekday, session, date range, and an optional news window, and can restrict direction or invert the side. Risk

Strategy v5 Volatility & bandsMoving averages
Updated today · None stated GitHub repository of Boilerplate Configurable Strategy [Yosiet]

More strategys

Trade Your Charts With a Regulated Broker

Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.

Compare brokers