PINE LIBRARY

Trade

Updated

Library "Trade"
A Trade Tracking Library

Monitor conditions with less code by using Arrays. When your conditions are met in chronologically, a signal is returned and the scanning starts again.

Create trades automatically with Stop Loss, Take Profit and Entry. The trades will automatically track based on the market movement and update when the targets are hit.

Sample Usage
Enter a buy trade when RSI crosses below 70 then crosses above 80 before it crosses 40.
Note: If RSI crosses 40 before 80, No trade will be entered.

Pine Script®

method signal(conditions, reset)
Signal Conditions
Namespace types: bool[]
Parameters:
conditions (bool[])
reset (bool)
Returns: Boolean: True when all the conditions have occured

method update(this, stoploss, takeprofit, entry)
Update Trade Parameters
Namespace types: Trade
Parameters:
this (Trade)
stoploss (float)
takeprofit (float)
entry (float)
Returns: nothing

method clear(this)
Clear Trade Parameters
Namespace types: Trade
Parameters:
this (Trade)
Returns: nothing

method track(this, _high, _low)
Track Trade Parameters
Namespace types: Trade
Parameters:
this (Trade)
_high (float)
_low (float)
Returns: nothing

new(stoploss, takeprofit, entry, _high, _low, condition, update)
New Trade with tracking
Parameters:
stoploss (float)
takeprofit (float)
entry (float)
_high (float)
_low (float)
condition (bool)
update (bool)
Returns: a Trade with targets and updates if stoploss or takeprofit is hit

new()
New Empty Trade
Returns: an empty trade

Trade
Fields:
stoploss (series__float)
takeprofit (series__float)
entry (series__float)
sl_hit (series__bool)
tp_hit (series__bool)
open (series__integer)

Release Notes

v2 Added Stop and Limit orders.

Now you can track stop and limit orders. If you place a new trade with custom entry that is not the current market price, the trade will remain inactive until the market prices cross your entry point. Targets will not be tracked until we cross the threshold.

See these 2 examples of a buy limit. The green background activate when the trade is active.

Release Notes

v3

New property `profit`

Now you can check your trade profit by referencing the profit property. A negative value means that is a loss.

Example

Pine Script®

Updated:
Trade
Fields:
stoploss (series float)
takeprofit (series float)
entry (series float)
active (series bool)
sl_hit (series bool)
tp_hit (series bool)
open (series int)
profit (series float)

Release Notes

v4

Retrieve previous trade fields, entry, stoploss and takeprofit.

Updated:
Trade
Fields:
stoploss (series float)
takeprofit (series float)
entry (series float)
active (series bool)
sl_hit (series bool)
tp_hit (series bool)
open (series int)
profit (series float)
lastEntry (series float)
lastTP (series float)
lastSL (series float)

Release Notes

v5

Bug fix: Added a missing feature from last update.

Release Notes

v6

Updated: New properties (profit and trade direction)
Trade
Fields:
stoploss (series float)
takeprofit (series float)
entry (series float)
active (series bool)
sl_hit (series bool)
tp_hit (series bool)
open (series int)
profit (series float)
cumulativeProfit (series float)
lastEntry (series float)
lastTP (series float)
lastSL (series float)
direction (series int)
lastDirection (series int)

Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.

DevLucem

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.