PineForge Quarry ALMA Correlation: Free TradingView Strategy (Pine Script)

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

36 lines of Pine Script v6 from validation/ta-quarry-alma-correlation-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 Owned Strategy: Quarry ALMA Correlation
// A smoothed price transition is admitted only when price and volume co-move.
strategy("PineForge — Quarry ALMA Correlation", overlay=true,
     initial_capital=100000,
     default_qty_type=strategy.fixed, default_qty_value=2,
     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)

almaLength = input.int(31, "ALMA Length", minval=5, group="Signal")
almaOffset = input.float(0.72, "ALMA Offset", minval=0.05, maxval=0.95, step=0.01, group="Signal")
almaSigma = input.float(5.4, "ALMA Sigma", minval=1.0, maxval=12.0, step=0.1, group="Signal")
correlationLength = input.int(23, "Correlation Length", minval=5, group="Confirmation")
minimumCorrelation = input.float(0.04, "Minimum Correlation", minval=-0.8, maxval=0.8, step=0.01, group="Confirmation")
atrLength = input.int(17, "ATR Length", minval=2, group="Risk")
maximumAtrLoss = input.float(2.6, "Maximum ATR Loss", minval=0.5, step=0.1, group="Risk")

almaLine = ta.alma(close, almaLength, almaOffset, almaSigma)
priceVolumeCorrelation = ta.correlation(close, volume, correlationLength)
atrValue = ta.atr(atrLength)

enterLong = ta.crossover(close, almaLine) and priceVolumeCorrelation > minimumCorrelation
regimeEnded = ta.crossunder(close, almaLine) or priceVolumeCorrelation < -minimumCorrelation
riskExceeded = strategy.position_size > 0 and close < strategy.position_avg_price - atrValue * maximumAtrLoss

if strategy.position_size == 0 and enterLong
    strategy.entry("Quarry Long", strategy.long)
else if strategy.position_size > 0 and (regimeEnded or riskExceeded)
    strategy.close("Quarry Long", comment=riskExceeded ? "ATR risk" : "Correlation regime")

plot(almaLine, "ALMA Center", color=color.orange)
plot(priceVolumeCorrelation, "Price-Volume Correlation", color=color.teal, display=display.data_window)

Overview

PineForge Quarry ALMA Correlation enters long trades when price crosses above ALMA and correlation exceeds the minimum threshold. It exits on price crossing below ALMA, correlation falling below the negative minimum, or when price drops below average entry by ATR times maximum ATR loss. The main settings control ALMA length offset and sigma, correlation length and minimum, ATR length, and maximum ATR loss. It draws the ALMA line on the price chart and correlation in the data window. It uses fixed size with no pyramiding.

ALMA Center
Price-Volume Correlation
ATR Length
Quarry Long
ATR risk

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

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

validation/ta-quarry-alma-correlation-01/strategy.pine

Repository

github.com/pineforge-4pass/pineforge-corpus. See its other scripts in the library

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
ALMA Length	`int`	`31`	`almaLength`
ALMA Offset	`float`	`0.72`	`almaOffset`
ALMA Sigma	`float`	`5.4`	`almaSigma`
Correlation Length	`int`	`23`	`correlationLength`
Minimum Correlation	`float`	`0.04`	`minimumCorrelation`
ATR Length	`int`	`17`	`atrLength`
Maximum ATR Loss	`float`	`2.6`	`maximumAtrLoss`

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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