by 
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
Session islastbar flatten
This strategy enters long positions when a 9-period Simple Moving Average (SMA) crosses above a 21-period SMA during active market session hours.
GitHub stars1on the repository
Pine versionv6current
Lines of code19
Settings0inputs
LicenceApache-2.0
Last update7 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
19 lines of Pine Script v6 from validation/symbol-specified/SPY/session-lastbar-flatten-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// TV_RUN_NEEDED: tv_trades.csv missing — capture in TradingView:
// Symbol: SPY TF: 5m Range: 2024-01-02..2024-03-29
// Save List of Trades → tv_trades.csv in this directory.
//@version=6
strategy("Session islastbar flatten", overlay=true,
default_qty_type=strategy.fixed, default_qty_value=1)
// Enter on SMA crossover within session; flatten all positions on the
// last bar of the session (session.islastbar) to avoid overnight holds.
if session.ismarket
if ta.crossover(ta.sma(close, 9), ta.sma(close, 21))
strategy.entry("Long", strategy.long)
// Flatten on last session bar — session.islastbar_regular == session.islastbar
// in engine (single session string; see session_time.hpp limitation comment).
if session.islastbar
strategy.close_all()
Overview
To avoid holding positions overnight, it automatically exits all open trades on the final bar of the session using the session.islastbar conditional check. The indicator plots overlays directly on the main price chart. Created as a validation probe for Pine Script engine testing, it lacks stop loss or take profit risk controls, relying strictly on session timing for position exits.
- SMA crossover entry signal
- End-of-session position flattening
- Active session filtering
- Intraday trade execution
Details
Published by
pineforge-4pass on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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