A Configurable TradingView Backtesting Template with Risk and Trade Controls
Summary
This document presents an open-source Pine Script strategy framework for testing externally supplied trading signals. Its visible components include selectable moving-average calculations and controls for enabling long or short trades, reversing signals, re-entry, reopening positions, and waiting for an active trade to close. Tooltips describe fixed percentage or cash stop and target settings, as well as volatility-based exit calculations. The strategy declaration also sets example assumptions for capital, commissions, slippage, position sizing, and pyramiding.
The material is a configurable testing scaffold rather than a standalone trading strategy: it depends on an external indicator connection and does not specify an entry signal in the visible excerpt. The document is truncated during its stop and volatility controls, so the full behavior and implementation cannot be assessed from the supplied text. No backtest results, market, timeframe, or evidence of performance are provided. Its configurable costs and trade-management options can help organize experiments, but they do not ensure realistic fills or reliable conclusions.
Key ideas
- The script is a general framework that expects an external indicator to supply trading signals.
- It offers configurable long and short permissions, reversals, re-entry, and trade-waiting behavior.
- The visible settings include fixed and volatility-based stop or target approaches.
- Example commission, slippage, sizing, and capital assumptions are part of the strategy setup.
- The excerpt is incomplete and provides no performance results or market-specific trading rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.