This price-chart strategy plots a simple moving average and upper and lower bands built from the standard deviation of close, scaled by separate offset inputs. It enters a fixed quantity long when close crosses above the upper band and a fixed quantity short w
Strategy · Pine Script v4 · On the chart
Built-in Kelly ratio for position sizing
This strategy draws a moving-average channel on the price chart and places stop entries when the source crosses the upper or lower band.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code96
Settings13inputs
LicenceNone stated
Last update8 months ago25 Feb 2026
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
Long and short orders can be cancelled if price returns through the average or reaches the stored breakout price. Optional Kelly sizing scales quantity from closed-trade win rate and average win versus loss; otherwise it uses the default cash quantity. Band width follows ATR, true range, or high-low range, with SMA or EMA. Take profit and stop loss stay off unless enabled, and a date window limits orders.
- Kelly ratio cash position sizing
- SMA or EMA center line
- ATR, true range, or range bands
- Stop-entry long and short orders
- Optional percent take profit and stop loss
Details
Published by
regalouisei on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Moving averages, Volatility & bands, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Kelly Ratio Position Sizing | bool | true | useKelly |
| Start Time | time | timestamp("01 Mar 1900 00:00 +0000") | i_startTime |
| End Time | time | timestamp("01 Mar 2221 00:00 +0000") | i_endTime |
| length | int | 20 | length |
| Multiplier | float | 1.0 | mult |
| Source | source | close | src |
| Use Exponential MA | bool | true | exp |
| Bands Style | string | Average True Range | BandsStyle |
| ATR Length | int | 10 | atrlength |
| use Take Profit | bool | false | usetp |
| use Stop Loss | bool | false | usesl |
| take profit | float | 10.0 | tp |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| stop loss | float | 1.0 | sl |
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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