by 
Omar Edited WF is a trading strategy overlay built around Williams Fractals and multiple Exponential Moving Averages. It detects high and low fractal pivot points over configurable lookback periods alongside three adjustable EMA trendlines. Long entries are ma
Strategy · Pine Script v6 · On the chart
Drawing Chartpoint Trendline
Drawing Chartpoint Trendline is a strategy that calculates a 20-period simple moving average to dynamically construct a trendline using chart points between past SMA values.
GitHub stars1on the repository
Pine versionv6current
Lines of code22
Settings0inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
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
22 lines of Pine Script v6 from validation/drawing-chartpoint-trendline/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
strategy("drawing-chartpoint-trendline", overlay=true, pyramiding=0, default_qty_type=strategy.fixed, default_qty_value=1)
var line trend = na
base = ta.sma(close, 20)
float proj = na
if not na(base) and not na(base[2])
p1 = chart.point.from_index(bar_index - 2, base[2])
p2 = chart.point.from_index(bar_index, base)
if na(trend)
trend := line.new(p1, p2)
else
line.set_first_point(trend, p1)
line.set_second_point(trend, p2)
proj := line.get_price(trend, bar_index - 1)
ref = nz(proj, close)
ready = not na(proj)
sDn = ta.crossunder(close, ref)
sUp = ta.crossover(close, ref)
if ready and sDn
strategy.entry("S", strategy.short)
if strategy.position_size < 0 and ready and sUp
strategy.close("S")
Overview
Drawing Chartpoint Trendline extracts the projected line price at the previous bar as a reference level on the price chart. The strategy enters a short position when the close crosses under this projected reference line and closes the short position when the close crosses above it. It contains no adjustable inputs or predefined stop loss.
- Dynamic trendline construction using chart point API
- SMA-based price level projection
- Crossover logic for short trade entry and exit
Details
Published by
pineforge-4pass on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Moving averages, Support & resistance, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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