Strategy · Pine Script v6 · On the chart

PineForge — Keystone Limit Pullback

by pineforge-4pass· code credited to PineForge

This strategy plots a trend EMA and a working pullback limit on the price chart.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code36
Settings5inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026

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

36 lines of Pine Script v6 from validation/order-keystone-limit-replace-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

strategy.pine
//@version=6
// SPDX-License-Identifier: Apache-2.0
// Copyright 2026 PineForge
// PineForge Corporate Strategy: Keystone Limit Pullback
// A live pullback limit follows a rising trend and is cancelled when the trend fails.
strategy("PineForge — Keystone Limit Pullback", overlay=true,
     initial_capital=100000,
     default_qty_type=strategy.percent_of_equity, 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)

trendLength = input.int(48, "Trend EMA", minval=5, group="Signal")
atrLength = input.int(18, "ATR Length", minval=2, group="Signal")
pullbackAtr = input.float(0.55, "Pullback ATR", minval=0.1, step=0.05, group="Execution")
stopAtr = input.float(2.3, "Stop ATR", minval=0.5, step=0.1, group="Risk")
targetAtr = input.float(2.0, "Target ATR", minval=0.5, step=0.1, group="Risk")

trend = ta.ema(close, trendLength)
atrValue = ta.atr(atrLength)
risingTrend = trend > trend[1] and close > trend
workingLimit = trend - atrValue * pullbackAtr

if strategy.position_size == 0 and risingTrend
    strategy.entry("Keystone Pullback", strategy.long, limit=workingLimit)
else if strategy.position_size == 0
    strategy.cancel("Keystone Pullback")

if strategy.position_size > 0
    strategy.exit("Keystone Risk", from_entry="Keystone Pullback",
         stop=strategy.position_avg_price - atrValue * stopAtr,
         limit=strategy.position_avg_price + atrValue * targetAtr)

plot(trend, "Trend EMA", color=color.teal)
plot(workingLimit, "Working Limit", color=color.yellow)

Overview

PineForge — Keystone Limit Pullback enters long only when flat, the EMA is rising, and close is above the EMA, placing a limit buy a set fraction of ATR below the EMA. If that trend condition fails while still flat, it cancels the pending order. An open long exits with an ATR stop below the average entry and an ATR profit target above it. Trend length, ATR length, pullback distance, stop, and target are adjustable. It does not pyramid and sizes each entry as a percent of equity.

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.

SettingTypeDefaultVariable
Trend EMAint48trendLength
ATR Lengthint18atrLength
Pullback ATRfloat0.55pullbackAtr
Stop ATRfloat2.3stopAtr
Target ATRfloat2.0targetAtr
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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