While Loop Counter: 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

26 lines of Pine Script v6 from apps/server/src/pine-corpus/while_loop_counter.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

while_loop_counter.pine

//@version=6
strategy("While Loop Counter", overlay=true)

len = input.int(4, "Len")

f_sum_last(_len) =>
    total = 0.0
    idx = 0
    while idx < _len
        total += nz(close[idx], 0)
        idx += 1
    total

score = f_sum_last(len)
avg = score / len

longCondition = close > avg
shortCondition = close < avg

if longCondition
    strategy.entry("Long", strategy.long)
else if shortCondition
    strategy.entry("Short", strategy.short)
else
    strategy.close("Long")
    strategy.close("Short")

Overview

While Loop Counter enters long when close exceeds the average and short when below. Positions close automatically on reversal. No stop loss is applied and entries occur on every bar.

while loop counter
average close
long short entry
mean crossover
overlay strategy

Details

Published by

Snappni on GitHub

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

apps/server/src/pine-corpus/while_loop_counter.pine

Repository

github.com/Snappni/multi-asset-quant-platform. 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
Len	`int`	`4`	`len`

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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