Strategy · Pine Script v6 · On the chart

CL Crude Oil Momentum [trugurpala]

by trugurpala

This strategy trades directional momentum breakouts for crude oil on the price chart.

View on GitHub

GitHub stars4on the repository
Pine versionv6current
Lines of code79
Settings7inputs
LicenceMIT
Last update2 months ago3 Aug 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

79 lines of Pine Script v6 from global-markets/18_cl_crude_momentum.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

18_cl_crude_momentum.pine
//@version=6
// Crude Oil (CL) — ATR Momentum + Session Filter
// Author: Ugur Pala · github.com/trugurpala/pinescriptv6
// TradingView: https://tr.tradingview.com/u/trugurpala/
//
// TR: Yüksek ATR momentum ile yön kırılması üzerine işlem yapar.
//     Çarşamba EIA stok verisi saatlerinden kaçınır (10:30 ET).
//     Seans sonu tüm pozisyonlar kapatılır.
// EN: Trades directional breakout on high ATR momentum.
//     Avoids Wednesday EIA inventory release (10:30 ET).
//     All positions closed at session end.
//
// Sembol / Symbol: NYMEX:CL1!
// Önerilen TF / Recommended TF: 5M, 15M
strategy("CL Crude Oil Momentum [trugurpala]",
    overlay           = true,
    initial_capital   = 10000,
    default_qty_type  = strategy.fixed,
    default_qty_value = 1,
    commission_type   = strategy.commission.cash_per_contract,
    commission_value  = 5.0,
    slippage          = 2)

// ── Inputs ───────────────────────────────────────────────────────────────────
int   fastLen   = input.int(9,    "Fast EMA",   minval=1)
int   slowLen   = input.int(21,   "Slow EMA",   minval=1)
int   atrLen    = input.int(14,   "ATR",        minval=1)
float momMult   = input.float(1.2, "ATR Momentum Mult", step=0.1)
float slMult    = input.float(2.0, "SL Mult",   step=0.1)
float tpMult    = input.float(2.5, "TP Mult",   step=0.1)
bool  avoidEIA  = input.bool(true, "Avoid EIA Window (Wed 10:00-11:00 ET)")

// ── En Aktif Seans: 09:00–14:30 ET ──────────────────────────────────────────
bool inSession  = not na(time(timeframe.period, "0900-1430", "America/New_York"))
bool sesEnd     = inSession[1] and not inSession
if sesEnd
    strategy.close_all(comment="Session End")

// EIA penceresi — Çarşamba 10:00-11:00 ET
bool eiaWindow  = avoidEIA
                    and dayofweek == dayofweek.wednesday
                    and not na(time(timeframe.period, "1000-1100", "America/New_York"))

// ── Calculations ─────────────────────────────────────────────────────────────
float fastEma   = ta.ema(close, fastLen)
float slowEma   = ta.ema(close, slowLen)
float atrVal    = ta.atr(atrLen)
float atrAvg    = ta.sma(atrVal, 20)
bool  highMom   = atrVal > atrAvg * momMult

bool bullCross  = ta.crossover(fastEma,  slowEma) and highMom and inSession and not eiaWindow
bool bearCross  = ta.crossunder(fastEma, slowEma) and highMom and inSession and not eiaWindow

// ── Entries ──────────────────────────────────────────────────────────────────
if bullCross
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long",
        stop  = close - slMult * atrVal,
        limit = close + tpMult * atrVal)

if bearCross
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short",
        stop  = close + slMult * atrVal,
        limit = close - tpMult * atrVal)

// ── Visuals ──────────────────────────────────────────────────────────────────
plot(fastEma, "Fast", fastEma > slowEma ? color.green : color.red,    linewidth=2)
plot(slowEma, "Slow", fastEma > slowEma ? color.lime  : color.orange, linewidth=2)
bgcolor(eiaWindow     ? color.new(color.red,  88) : na, title="EIA Window")
bgcolor(not inSession ? color.new(color.gray, 96) : na, title="Off Hours")
plotshape(bullCross, "Long",  shape.triangleup,   location.belowbar, color.green, size=size.small)
plotshape(bearCross, "Short", shape.triangledown, location.abovebar, color.red,   size=size.small)

// ── Alerts (alert() — strategy içinde çalışır) ───────────────────────────────
if bullCross
    alert("CL Crude Oil Long — " + str.tostring(close, "#.##"), alert.freq_once_per_bar)
if bearCross
    alert("CL Crude Oil Short — " + str.tostring(close, "#.##"), alert.freq_once_per_bar)

Overview

CL Crude Oil Momentum [trugurpala] enters long or short positions when a fast exponential moving average crosses a slow exponential moving average, provided that current Average True Range exceeds its moving average by a specified multiplier. Entries are restricted to active trading hours between 09:00 and 14:30 ET and optionally filter out Wednesday EIA inventory release times. Positions use ATR-based stop loss and take profit orders, and any remaining open trades are automatically closed at the end of the session.

Details

Published by

trugurpala on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Trend, Moving averages, Volatility & bands, Sessions & time

Markets

Oil & commodities

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.

Topics

aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis

Settings

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

SettingTypeDefaultVariable
Fast EMAint9fastLen
Slow EMAint21slowLen
ATRint14atrLen
ATR Momentum Multfloat1.2momMult
SL Multfloat2.0slMult
TP Multfloat2.5tpMult
Avoid EIA Window (Wed 10:00-11:00 ET)booltrueavoidEIA
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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