//@version=6
strategy("drawing-udt-alias-identity", overlay=true, pyramiding=0, default_qty_type=strategy.fixed, default_qty_value=1)
type Store
line[] lines
var Store s = Store.new(array.new<line>())
var line alias = na
target = ta.sma(close, 18)
if na(alias)
l = line.new(bar_index, target, bar_index, target)
array.push(s.lines, l)
alias := l
float lvl = na
if array.size(s.lines) > 0
e = array.get(s.lines, 0)
line.set_y2(e, target)
lvl := line.get_y2(alias)
ref = nz(lvl, close)
ready = not na(lvl)
eUp = ta.crossover(close, ref)
eDn = ta.crossunder(close, ref)
if ready and eUp
strategy.entry("L", strategy.long)
if strategy.position_size > 0 and ready and eDn
strategy.close("L")
Overview
Drawing UDT Alias Identity plots an 18-period simple moving average as a line on the price chart and reads that line's end price back through the alias. When the level is ready, it enters one fixed-size long position on a close crossover and closes that long on a close crossunder. There is no stop loss, take profit, or short entry, and pyramiding is disabled.
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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