This strategy plots running pivot highs as red R circles and pivot lows as blue S circles directly on the price chart. It computes an EMA 3 and a Cto trend line from close prices, then generates long signals on upward EMA-Cto crossovers combined with price pos
Strategy · Pine Script v6 · On the chart
Multi Variable Declaration
Multi Variable Declaration is a strategy designed to demonstrate multiple variable declaration syntax within a trading model.
GitHub stars1on the repository
Pine versionv6current
Lines of code19
Settings0inputs
LicenceMIT
Last update4 months ago6 Jun 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 apps/server/src/pine-corpus/multi_variable_declaration.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
strategy("Multi Variable Declaration", overlay=true)
float upper = na, lower = na
var float trendBias = 0.0, threshold = 0.0
upper := ta.highest(high, 12)
lower := ta.lowest(low, 12)
trendBias := ta.ema(close, 9) - ta.ema(close, 21)
threshold := (upper + lower) / 2
longCondition = ta.crossover(close, threshold) and trendBias > 0
shortCondition = ta.crossunder(close, threshold) and trendBias < 0
if (longCondition)
strategy.entry("Long", strategy.long)
if (shortCondition)
strategy.entry("Short", strategy.short)
Overview
Multi Variable Declaration calculates a 12-period price channel midpoint alongside an exponential moving average spread (EMA 9 minus EMA 21) to establish trend bias. A long entry triggers when the close crosses above the midpoint while the trend bias is positive. A short entry occurs when price crosses below the midpoint with a negative trend bias. The script plots directly on the main price chart and includes no configurable inputs or protective stop-loss orders.
- Multi-variable declaration demonstration
- Donchian-style midpoint threshold calculation
- Dual EMA trend bias filter
- Signal-based position reversal execution
Details
Published by
Snappni on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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.
Similar Pine Scripts
This strategy executes trades based on crossovers between a 12-period and a 26-period exponential moving average (EMA). Long positions can be filtered by pivot resistance breakouts and RSI boundary ranges. For trade management, it provides two configurable par
This strategy trades long breakouts of a fast and a slow moving average on the price chart. It opens a long position when price crosses above either average, using a percentage of equity as size. It reduces the position by a set share when the high reaches the
This strategy executes trades on short-term cryptocurrency charts using a combination of pivot support and resistance levels and a multi-pole smoothed trend filter. Entries trigger when price crosses the smoothed trend line and confirms above or below a short-
This strategy trades longs and shorts on the price chart. Long entries require a close above the prior Donchian high, a close above a long-term SMA, and RSI above a threshold, with size set as a percentage of equity. Long exits use a stop at the prior Donchian
This strategy plots Donchian channels, trailing stops, and profit targets directly on the price chart. It enters breakout trades using a 55-bar Donchian channel and sizes positions according to an ATR-based risk percentage per unit. The system adds units as pr
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers