This overlay strategy offers two selectable entry modes: a Bollinger squeeze on typical price and a simple moving-average cross. It filters trades by weekday, session, date range, and an optional news window, and can restrict direction or invert the side. Risk
Strategy · Pine Script v6 · On the chart
PineForge Compass Session Market
A long-only session strategy that trades inside a configurable time window, 08:00 to 16:00 UTC by default.
GitHub stars1on the repository
Pine versionv6current
Lines of code39
Settings6inputs
LicenceApache-2.0
Last update6 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/session-compass-utc-market-window-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 Session Market
strategy("PineForge — Compass Session Market", overlay=true,
initial_capital=100000,
default_qty_type=strategy.percent_of_equity, default_qty_value=7,
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)
tradeSession = input.session("0800-1600", "Trade Session", group="Session")
tradeTimezone = input.string("Etc/UTC", "Session Timezone", group="Session")
fastLength = input.int(16, "Fast EMA", minval=2, group="Signal")
slowLength = input.int(44, "Slow EMA", minval=3, group="Signal")
atrLength = input.int(14, "ATR Length", minval=2, group="Risk")
stopAtr = input.float(2.0, "Stop ATR", minval=0.5, step=0.1, group="Risk")
insideSession = not na(time(timeframe.period, tradeSession, tradeTimezone))
wasInside = insideSession[1]
sessionOpened = insideSession and not wasInside
sessionClosed = not insideSession and wasInside
fastEma = ta.ema(close, fastLength)
slowEma = ta.ema(close, slowLength)
atrValue = ta.atr(atrLength)
if insideSession and (sessionOpened or ta.crossover(fastEma, slowEma))
strategy.entry("Compass Long", strategy.long)
if sessionClosed
strategy.close("Compass Long", comment="Session flatten")
if strategy.position_size > 0
strategy.exit("Compass Guard", from_entry="Compass Long",
stop=strategy.position_avg_price - atrValue * stopAtr)
bgcolor(insideSession ? color.new(color.blue, 90) : na)
Overview
PineForge Compass Session Market enters long at the start of the window or when a 16-period EMA crosses above a 44-period EMA inside it, and closes the position when the window ends. Each trade has an ATR-based protective stop. Inputs set the session, time zone, EMA lengths, ATR length and stop multiple. The session is shaded on the price chart background, and size is a percentage of equity.
- Configurable trading session window
- EMA 16/44 crossover entry
- Flatten at session end
- ATR protective stop
- Session background shading
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
Sessions & time, Moving averages
Markets
Any symbol
Timeframes
M15-H1
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 |
|---|---|---|---|
| Trade Session | session | 0800-1600 | tradeSession |
| Session Timezone | string | Etc/UTC | tradeTimezone |
| Fast EMA | int | 16 | fastLength |
| Slow EMA | int | 44 | slowLength |
| ATR Length | int | 14 | atrLength |
| Stop ATR | float | 2.0 | stopAtr |
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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