This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v6 · On the chart
PineForge — Compass Partial Ladder
The PineForge Compass Partial Ladder strategy identifies trend-following opportunities using a fast and slow Exponential Moving Average (EMA) crossover.
GitHub stars1on the repository
Pine versionv6current
Lines of code39
Settings7inputs
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
39 lines of Pine Script v6 from validation/bracket-compass-partial-ladder-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// SPDX-License-Identifier: Apache-2.0
// Copyright 2026 PineForge
// PineForge Corporate Strategy: Compass Partial Ladder
// Two explicit exit allocations make partial-quantity reservation auditable.
strategy("PineForge — Compass Partial Ladder", overlay=true,
initial_capital=100000,
default_qty_type=strategy.fixed, default_qty_value=5,
pyramiding=0, commission_type=strategy.commission.percent,
commission_value=0.05, slippage=1,
margin_long=100, margin_short=100,
process_orders_on_close=false, calc_on_order_fills=false)
fastLength = input.int(15, "Fast EMA", minval=2, group="Signal")
slowLength = input.int(49, "Slow EMA", minval=3, group="Signal")
atrLength = input.int(17, "ATR Length", minval=2, group="Risk")
stopAtr = input.float(1.9, "Shared Stop ATR", minval=0.5, step=0.1, group="Risk")
firstTargetAtr = input.float(1.4, "First Target ATR", minval=0.5, step=0.1, group="Risk")
secondTargetAtr = input.float(3.0, "Second Target ATR", minval=0.5, step=0.1, group="Risk")
firstPercent = input.float(40.0, "First Exit Percent", minval=5, maxval=90, step=5, group="Execution")
fastEma = ta.ema(close, fastLength)
slowEma = ta.ema(close, slowLength)
atrValue = ta.atr(atrLength)
if ta.crossover(fastEma, slowEma)
strategy.entry("Compass Ladder Long", strategy.long)
if strategy.position_size > 0
sharedStop = strategy.position_avg_price - atrValue * stopAtr
strategy.exit("Compass First", from_entry="Compass Ladder Long",
qty_percent=firstPercent, stop=sharedStop,
limit=strategy.position_avg_price + atrValue * firstTargetAtr)
strategy.exit("Compass Remainder", from_entry="Compass Ladder Long",
qty_percent=100.0 - firstPercent, stop=sharedStop,
limit=strategy.position_avg_price + atrValue * secondTargetAtr)
plot(fastEma, "Fast EMA", color=color.teal)
plot(slowEma, "Slow EMA", color=color.orange)
Overview
Upon entering a long position, the strategy manages risk and profit targets using Average True Range (ATR) calculations. It splits the position into two exit tiers: a configurable percentage exits at the first ATR profit target, while the remaining allocation exits at a higher ATR target. Both tiers share a dynamic ATR-based stop loss level. The strategy overlays the fast and slow EMAs directly onto the price chart.
- EMA crossover entry logic
- Dual ATR profit target ladder
- Dynamic shared ATR stop loss
- Configurable partial exit percentage
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
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.
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 15 | fastLength |
| Slow EMA | int | 49 | slowLength |
| ATR Length | int | 17 | atrLength |
| Shared Stop ATR | float | 1.9 | stopAtr |
| First Target ATR | float | 1.4 | firstTargetAtr |
| Second Target ATR | float | 3.0 | secondTargetAtr |
| First Exit Percent | float | 40.0 | firstPercent |
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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