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 Line Level Breakout
A test strategy that draws a red horizontal line which follows a 20-period moving average by moving about a third of the distance each bar, and extends to the right.
GitHub stars1on the repository
Pine versionv6current
Lines of code19
Settings0inputs
LicenceApache-2.0
Last update6 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
19 lines of Pine Script v6 from validation/drawing-line-level-breakout/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
strategy("drawing-line-level-breakout", overlay=true, pyramiding=0, default_qty_type=strategy.fixed, default_qty_value=1)
levelSrc = ta.sma(close, 20)
var line res = na
float level = na
if not na(levelSrc)
if na(res)
res := line.new(bar_index - 1, levelSrc, bar_index, levelSrc, color=color.red, width=2, extend=extend.right)
else
cur = line.get_y2(res)
line.set_xy2(res, bar_index, cur + (levelSrc - cur) * 0.35)
level := line.get_y2(res)
ready = not na(level)
eUp = ready and ta.crossover(close, level)
eDn = ready and ta.crossunder(close, level)
if ready and eUp
strategy.entry("L", strategy.long)
if strategy.position_size > 0 and ready and eDn
strategy.close("L")
Overview
Drawing Line Level Breakout goes long when the close crosses above that smoothed line and closes the long when the close crosses below. It takes one unit at a time with no stop loss or take profit. Its main purpose is to exercise line drawing functions in a reference corpus, so it is a code example rather than a tuned system.
- Smoothed moving average level drawn as a line
- Long entry on close above the line
- Exit on close below the line
- Line drawing function test
Details
Published by
pineforge-4pass on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Moving averages, Support & resistance
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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