Strategy · Pine Script v5 · On the chart

New Strategy Template

by NakliTechie· code credited to PineScript Development Framework

New Strategy Template provides a basic Pine Script v5 boilerplate structure for developing custom automated trading strategies.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code27
Settings3inputs
LicenceMIT
Last update1 year ago19 Sep 2025

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

27 lines of Pine Script v5 from templates/strategy_template.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

strategy_template.pine
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © PineScript Development Framework

//@version=5
strategy("New Strategy Template", overlay=true, margin_long=100, margin_short=100)

// Input parameters
length = input.int(14, "Length", minval=1)
source = input.source(close, "Source")
qty = input.float(1.0, "Quantity", minval=0.1)

// Calculations
// TODO: Add your strategy calculations here

// Conditions
longCondition = false  // TODO: Define your long condition
shortCondition = false // TODO: Define your short condition

// Execution
if (longCondition)
    strategy.entry("Long", strategy.long, qty=qty)

if (shortCondition)
    strategy.entry("Short", strategy.short, qty=qty)

// Alerts
// TODO: Add alert conditions if needed

Overview

New Strategy Template includes pre-configured inputs for lookback period, source price, and trade position sizing, as well as conditional structures for long and short entries. Because it serves purely as a development template, the execution triggers are set to false by default, and it contains no trade calculation logic, exit rules, or stop loss definitions until populated by the user.

Details

Published by

NakliTechie on GitHub

Code credit

PineScript Development Framework, as written in the script's header

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

Settings

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

SettingTypeDefaultVariable
Lengthint14length
Sourcesourceclosesource
Quantityfloat1.0qty
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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