Pullback Trading Tool ALT: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Bar colors can be customized using a 3-tone or 6-tone scheme relative to the signal moving average. Signals trigger on pullback fractal breaks or trend line crosses. Position risk is managed through a percentage-based stop loss and an optional Hull Moving Average stop rule. All components and trade orders plot directly on the price chart.

Dual moving average ribbon with multi-timeframe anchoring
Fractal pivot detection with support and resistance extensions
Multi-tone candle coloring relative to signal moving average
Configurable pullback and trend break entry rules
Percentage-based and Hull moving average stop loss options

Details

Published by

PipC on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Forex

Timeframes

M15-H1, H4 and above

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.

File

TradingView/Pullback Trading Tool ALT.pine

Repository

github.com/PipC/thinkOrSwimScripts. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Trading Amount	`float`	`10000.0`	`tradeMaxAmount`
Stop Loss Precentage %	`float`	`5`	`stopLossPrecent`
Stop Below HMA55	`bool`	`true`	`stopBelowHMA55`
Source for All Moving Averages	`source`	`close`	`ma_src`
Show MA Ribbon	`bool`	`true`	`showMAs`
Anchor MA Ribbon	`bool`	`true`	`anchorRibbon`
Fast Ribbon MA Type:	`string`	`EMA`	`fastType`
Fast Ribbon MA Length:	`int`	`5`	`fastLen_`
Slow Ribbon MA Type:	`string`	`EMA`	`slowType`
Slow Ribbon MA Length:	`int`	`12`	`slowLen_`
Anchor TimeFrame in Mins (0=none, 1D=1440, 1W=7200)	`int`	`0`	`anchor`
Fast Anchored MA Type:	`string`	`EMA`	`fastAnchorType`

Show all 40 settings

Setting	Type	Default	Variable
Fast Anchored MA Length:	`int`	`35`	`fastAnchorLen_`
Medium Anchored MA Type:	`string`	`EMA`	`mediumAnchorType`
Medium Anchored MA Length:	`int`	`65`	`mediumAnchorLen_`
Show Slow Anchored MA	`bool`	`false`	`useSlowMA`
Slow Anchored MA Type:	`string`	`EMA`	`slowAnchorType`
Slow Anchored MA Length:	`int`	`200`	`slowAnchorLen_`
Signal Anchored MA Type:	`string`	`EMA`	`signalType`
Signal Anchored MA Length:	`int`	`50`	`signalLen_`
Show Entrys for Trend Breaks	`bool`	`false`	`ShowBreak`
Show Entrys for PB Fractal Breaks	`bool`	`false`	`ShowPB`
Use Close Break instead Touch Fractal Break	`bool`	`true`	`closeBr`
Pull Back Lookback Length	`int`	`6`	`Lookback`
Show coloured Bars close relative to Signal MA	`bool`	`true`	`ShowBarColor`
Use Grab Candle (6-tone) Colouring, instead of Standard (3-tone)	`bool`	`true`	`useGrabClr`
Show Pivot Points	`bool`	`true`	`ShowPivots`
Pivot Length Left Hand Side	`int`	`2`	`pvtLenL`
Pivot Length Right Hand Side	`int`	`2`	`pvtLenR`
Show S/R Level Extensions	`bool`	`true`	`ShowSRLevels`
Show Levels as a Fractal Chaos Channel	`bool`	`false`	`ShowChannel`
Maximum S/R Level Extension Length	`int`	`0`	`maxLvlLen`
Use Renko Style Pivots (open/close for high/low)	`bool`	`false`	`uRenko`
ShowHHLL	`bool`	`false`	`ShowHHLL`
VWAP Anchor Lookback (days)	`int`	`55`	`vwapLookbackDays`
SMA #E	`int`	`200`	`lenE`
SMA Source #E	`source`	`close`	`srcE`
Show Trading Table	`bool`	`true`	`ShowTradingTable`
Trading Account Total	`float`	`10000.0`	`TradingAccountTotal`
Trading Stop Loss Allowance(%)	`float`	`3`	`TradingStopLossAllow`

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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