Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v4 · On the chart
Strategy Long Template
This long-only strategy template provides boilerplate logic for building custom Pine Script trading systems on the price chart.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code98
Settings9inputs
LicenceApache-2.0
Last update3 years ago12 May 2023
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
98 lines of Pine Script v4 from Strategy_Long_Template.txt, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © krosenfeld7
//@version=4
strategy("Strategy Long Template", overlay = true, pyramiding = 0,
margin_long = 100, margin_short = 100,
default_qty_type = strategy.percent_of_equity,
default_qty_value = 20, initial_capital = 2000,
process_orders_on_close = true)
// Set the starting point for backtesting
start = input(title = "Backtesting Start", type = input.time,
defval = timestamp("1 Jan 2015"))
maxTimeOpen = input(title = "Order Expiration", type = input.integer,
defval = 100, minval = 1)
tpSlStrategy = input(title = "Take Profit Strategy", type = input.string,
defval = "Percent", options = ["Percent", "ATR"])
trailingStop = input(title = "Trailing Stop", type = input.string,
defval = "Fixed", options = ["Fixed", "Trail"])
// ATR For Stop Loss
atrLength = input(title = "ATR SL Length", defval = 14,
minval = 1)
atrMultiplier = input(title = "ATR Multiplier", type = input.float,
defval = 1, minval = 0.1)
riskLevel = input(title = "Risk Level", type = input.float,
defval = 1, minval = 0.1)
longProfitPercent = input(title = "Take Profit %",
type = input.float, minval = 0.0, step = 0.1, defval = 10) / 100
longLossPercent = input(title = "Stop Loss %",
type = input.float, minval = 0.0, step = 0.1, defval = 10) / 100
// Algorithm / Strategy Goes here
// Set long variables to execute positions below
long = 0
// End Algorithm
longExitPrice = 0.0
longStopPrice = 0.0
// Calculating exact prices for stop loss and exit prices
longExitPercentPrice = strategy.position_avg_price * (1 +
(longProfitPercent * riskLevel))
longStopPercentPrice = strategy.position_avg_price * (1 -
longLossPercent)
// Profit & Loss via ATR
atr = atr(atrLength)
atr := valuewhen(strategy.position_size == 0, atr, 0)
longExitAtrPrice = strategy.position_avg_price + (atr *
atrMultiplier * riskLevel)
longStopAtrPrice = strategy.position_avg_price - (atr *
atrMultiplier)
if tpSlStrategy == "Percent"
longExitPrice := longExitPercentPrice
if trailingStop == "Fixed"
longStopPrice := longStopPercentPrice
else if trailingStop == "Trail"
stopValue = close * (1 - longLossPercent)
longStopPrice := (strategy.position_size > 0) ?
max(stopValue, longStopPrice[1]) : 0
else if tpSlStrategy == "ATR"
if strategy.position_size > 0
longExitPrice := longExitAtrPrice
if trailingStop == "Fixed"
longStopPrice := longStopAtrPrice
else if trailingStop == "Trail"
stopValue = close - (atr * atrMultiplier)
longStopPrice := (strategy.position_size > 0) ?
max(stopValue, longStopPrice[1]) : 0
// Plotting profit / loss targets
plot(series = (strategy.position_size > 0) ? longExitPrice : na,
color = color.green, style = plot.style_linebr,
linewidth = 3, title = "Long Target")
plot(series = (strategy.position_size > 0) ? longStopPrice : na,
color = color.red, style = plot.style_linebr,
linewidth = 3, title = "Long Stop Loss")
// Submit entry orders
if time >= start
strategy.entry(id = "Long", long = strategy.long,
comment = "Long Open", when = long)
// Submit exit orders
strategy.exit(id = "Long", limit = longExitPrice, stop = longStopPrice,
comment = "Long Close", when = strategy.position_size > 0)
strategy.close(id = "Long", comment = "Expired: >" + tostring(maxTimeOpen),
when = (barssince(change(strategy.opentrades)) + 1) >= maxTimeOpen)
Overview
Strategy Long Template features built-in risk management that calculates target exits and stop-loss levels using either percentage-based distances or Average True Range (ATR) calculations. Traders can toggle between fixed and trailing stop-loss options and adjust risk multipliers. Visual lines plot target and stop-loss prices during active positions. The strategy relies on placeholder logic for entry signals, requiring custom entry conditions to be added.
- Percentage or ATR-based take profit and stop loss
- Fixed or trailing stop loss functionality
- Customizable risk level multipliers
- On-chart profit target and stop loss plots
Details
Published by
krosenfeld7 on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Backtesting Start | time | timestamp("1 Jan 2015") | start |
| Order Expiration | int | 100 | maxTimeOpen |
| Take Profit Strategy | string | Percent | tpSlStrategy |
| Trailing Stop | string | Fixed | trailingStop |
| ATR SL Length | int | 14 | atrLength |
| ATR Multiplier | float | 1 | atrMultiplier |
| Risk Level | float | 1 | riskLevel |
| Take Profit % | float | 10 | longProfitPercent |
| Stop Loss % | float | 10 | longLossPercent |
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.
Similar Pine Scripts
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
This overlay strategy targets one-minute ES futures and plots volume-weighted moving-average bands from the open, scaled by a standard-deviation multiple, plus a slower band from ten-minute opens. A higher-timeframe exponential moving average can filter trades
STRG-BBForce is a Bollinger Bands trend-following strategy. It calculates standard Bollinger Bands and tracks directional alignment across the upper, lower, and basis lines. When all three lines slope upward, it opens a long position and closes short positions
This strategy detects price breakouts above rolling highest highs or below lowest lows over a customizable lookback period. It includes optional volume spike and ATR volatility threshold filters, along with bar confirmation rules. Positions are taken upon conf
This price-chart strategy plots a simple moving average and upper and lower bands built from the standard deviation of close, scaled by separate offset inputs. It enters a fixed quantity long when close crosses above the upper band and a fixed quantity short w
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers