Strategy · Pine Script v5 · On the chart

Template

by benso87

This script provides a foundational starter template for building custom Pine Script v5 trading strategies.

View on GitHub

GitHub stars24on the repository
Pine versionv5runs as is
Lines of code78
Settings2inputs
LicenceMPL-2.0
Last update4 years ago5 Oct 2022

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

78 lines of Pine Script v5 from template - strategy.pine, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.

template - strategy.pine
//@version=5
//
// Author: benso87
// benso87.com
//
//
strategy("TEMPLATE", overlay=true, initial_capital=100, default_qty_value=100, default_qty_type=strategy.percent_of_equity, process_orders_on_close=true, backtest_fill_limits_assumption=1, pyramiding=0, max_bars_back=500)

noColor = color.new(color.white, transp=100)
////////////////////////////////////////////////////////////
// Inputs

//Dates
startDate    = input.time    (timestamp('1 Jan 2022 00:00'), title='Start', group='Dates')
endDate        = input.time    (timestamp('1 Jan 2100 00:00'), title='End', group='Dates')




////////////////////////////////////////////////////////////
// Calculations



// Entries
longEntry = 
shortEntry = 

// Trade variables
var float entryPrice = na
var float slLong = na
var float slShort = na
var float tpLong = na
var float tpShort = na
var string tradeType = na

if longEntry and strategy.position_size == 0
    entryPrice := close
    slLong := 
    tpLong := 
    tradeType := 'long'

if shortEntry and strategy.position_size == 0
    entryPrice := close
    slShort := 
    tpShort := 
    tradeType := 'short'

stopLoss = tradeType == 'long' ? slLong : tradeType == 'short' ? slShort : na
takeProfit = tradeType == 'long' ? tpLong : tradeType == 'short' ? tpShort : na


//////////////////////////////////////////////////////////////
// Strategy

// Entries
strategy.entry('Long', strategy.long, when=longEntry)
strategy.entry('Short', strategy.short, when=shortEntry)

// Exits
strategy.exit('Long Exit', from_entry='Long', stop=slLong, limit=tpLong)
strategy.exit('Short Exit', from_entry='Short', stop=slShort, limit=tpShort)


////////////////////////////////////////////////////////////
// Plots

// Trades
sl = plot(strategy.position_size != 0 or strategy.position_size[1] != 0 ? stopLoss : na, title='Stop Loss', color=color.red, style=plot.style_linebr)
e = plot(strategy.position_size != 0 or strategy.position_size[1] != 0 ? entryPrice : na, title='Entry', color=color.yellow, style=plot.style_linebr)
tp = plot(strategy.position_size != 0 or strategy.position_size[1] != 0 ? takeProfit : na, title='Take Profit', color=color.green, style=plot.style_linebr)

fill(sl, e, color=color.new(color.red, transp=80))
fill(tp, e, color=color.new(color.green, transp=80))


//////////////////////////////////////////////////////////////
// Testing

Overview

Template overlays on the main price chart and establishes the scaffolding for long and short positions, including bracketed exit orders. Configurable date inputs allow users to filter backtesting across specific start and end ranges. When positions are active, the script plots lines and shaded background fills for entry price, stop loss, and take profit. Because this is an incomplete template, the entry conditions, stop loss values, and profit targets are left unassigned and require manual definition.

Details

Published by

benso87 on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

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.

SettingTypeDefaultVariable
Starttimetimestamp('1 Jan 2022 00:00')startDate
Endtimetimestamp('1 Jan 2100 00:00')endDate
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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