Strategy · Pine Script v5 · On the chart

Multi-Signal Risk Manager

by turnupdigital

A strategy on the price chart that reads an external long and a short signal and manages trades with selectable exits.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code280
Settings39inputs
LicenceNone stated
Last update1 year ago12 Aug 2025

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  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

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Position size is a set number of contracts. Exit options include a moving average exit, a fixed stop with up to three targets measured in ATR or other units, Fibonacci stop and target levels, and a trailing stop. It builds webhook JSON messages for an automation service. All the exit modes except the moving average exit are off by default.

Details

Published by

turnupdigital on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

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.

Settings

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

SettingTypeDefaultVariable
Number of Contractsint1positionQty
primaryLongEnablebooltrueprimaryLongEnable
Primary Long SignalsourcecloseprimaryLongSrc
primaryShortEnablebooltrueprimaryShortEnable
Primary Short SignalsourcecloseprimaryShortSrc
ATR Lengthint14atrLen
Enable MA ExitbooltruemaExitOn
MA Lengthint8maLen
MA TypestringEMAmaType
Enable Fixed SL/TPboolfalsefixedEnable
UnitstringATRfixedUnit
Stop Sizefloat1.0fixedStop
Show all 39 settings
SettingTypeDefaultVariable
TP1boolfalsetp1Enable
tp1Sizefloat2.0tp1Size
TP2boolfalsetp2Enable
tp2Sizefloat3.0tp2Size
TP3boolfalsetp3Enable
tp3Sizefloat4.0tp3Size
Enable Fibonacci SL/TPboolfalsefibEnable
UnitstringATRfibUnit
Stop Loss Fib Levelstring0.618fibSL
TP1boolfalsefibTP1Enable
fibTP1string1.272fibTP1
TP2boolfalsefibTP2Enable
fibTP2string1.618fibTP2
TP3boolfalsefibTP3Enable
fibTP3string2.618fibTP3
Enable Trailing StopboolfalsetrailEnable
TypestringATRtrailType
Valuefloat1.0trailVal
Enable Custom ExitboolfalsecustEnable
exitShort1_enableboolfalseexitShort1_enable
Short Exit 1sourcecloseexitShort1_input
exitShort2_enableboolfalseexitShort2_enable
Short Exit 2sourcecloseexitShort2_input
exitLong1_enableboolfalseexitLong1_enable
Long Exit 1sourcecloseexitLong1_input
exitLong2_enableboolfalseexitLong2_enable
Long Exit 2sourcecloseexitLong2_input
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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