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Strategy · Pine Script v6 · On the chart
PF probe 55 - entry reversal implicit exit
This strategy is a validation probe that isolates an implicit reversal exit.
GitHub stars1on the repository
Pine versionv6current
Lines of code29
Settings0inputs
LicenceApache-2.0
Last update5 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
29 lines of Pine Script v6 from validation/order-entry-implicit-reversal-exit-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 55 - strategy.entry implicit reversal exit
//
// Purpose: isolate TradingView's reversal behavior: an opposite strategy.entry
// order is sized as requested_qty + current_opposite_position_size, closes the
// prior position at the reversal fill, and opens the new side.
// TV setup: 15m chart, same symbol/window as data/ohlcv_ETH-USDT-USDT_15m.csv.
// Export TradingView "List of trades" to trades.csv in this folder.
//@version=6
strategy("PF probe 55 - entry reversal implicit exit", shorttitle="PF_P55_REV", overlay=true,
initial_capital=1000000,
commission_type=strategy.commission.percent, commission_value=0, slippage=0,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
if hour == 0 and minute == 15 and strategy.position_size == 0
strategy.entry("L", strategy.long, qty=1, comment="open long")
if hour == 0 and minute == 45 and strategy.position_size > 0
strategy.entry("S", strategy.short, qty=1, comment="reverse short")
if hour == 1 and minute == 15 and strategy.position_size < 0
strategy.entry("L", strategy.long, qty=1, comment="reverse long")
if hour == 1 and minute == 45 and strategy.position_size != 0
strategy.close_all(comment="flat")
Overview
When flat at 00:15 it enters one long unit. At 00:45 an opposite short entry of quantity one closes that long and opens a short. At 01:15 an opposite long entry reverses back to long. At 01:45 it flattens any open position with close all. It draws on the price chart, uses a fixed quantity of one, and has no stop loss or take profit. Entries depend only on clock time and current position size.
- Timed long entry at 00:15
- Opposite entry reverses the open position
- Timed close all at 01:45
- Fixed quantity of one
- Price-chart overlay
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Sessions & time
Markets
Crypto
Timeframes
M15-H1
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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