Strategy · Pine Script v6 · On the chart

Drawing Delete Halt

by pineforge-4pass

This validation strategy monitors price crosses against a dynamic level derived from a 20-period simple moving average drawn as a line object.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code19
Settings0inputs
LicenceApache-2.0
Last update5 days ago23 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

19 lines of Pine Script v6 from validation/drawing-delete-halt/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

strategy.pine
//@version=6
strategy("drawing-delete-halt", overlay=true, pyramiding=0, default_qty_type=strategy.fixed, default_qty_value=1)
sma = ta.sma(close, 20)
var line lv = na
var int entries = 0
if na(lv)
    lv := line.new(bar_index, sma, bar_index, sma)
else
    line.set_y2(lv, sma)
level = line.get_y2(lv)
eUp = ta.crossover(close, level)
eDn = ta.crossunder(close, level)
if eUp
    strategy.entry("L", strategy.long)
    entries += 1
if strategy.position_size > 0 and eDn
    strategy.close("L")
if entries == 5
    line.delete(lv)

Overview

Drawing Delete Halt enters a long position when the closing price crosses over the line level and exits when price crosses under it. After recording five trade entries, the script explicitly deletes the line object to test drawing lifecycle handling. It executes on the main chart, contains no customizable input parameters, and relies solely on crossunder signals without explicit stop-loss or take-profit orders.

Details

Published by

pineforge-4pass on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Moving averages, 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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