STRG One Bar Pursuit.pine

// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © FxCloudTrader

//@version=5
strategy("STRG One Bar Pursuit", overlay=true, margin_long=100, margin_short=100)


// Input for ATR length and multiplier for entry and stop
atrLength = input.int(14, title="ATR Length")
atrMultiplierEntry = input.float(1, title="ATR Multiplier for Entry")
atrMultiplierStop = input.float(1, title="ATR Multiplier for Stop")

// Calculate ATR
atr = ta.atr(atrLength)

plot(atr)

// Define the bullish and bearish conditions
bullishBar = close > open  and year >= 2024
bearishBar = close < open and year >= 2024

// Check for long entry condition
longCondition = bearishBar[1] and bullishBar

// Define long entry price (limit order) and stop loss
longProfitPrice = close[1] + atrMultiplierEntry * atr[1]
longStopPrice = longProfitPrice - atrMultiplierStop * atr[1]

// Check for short entry condition
shortCondition = bullishBar[1] and bearishBar

// Define short entry price (limit order) and stop loss
shortProfitPrice = close[1] - atrMultiplierEntry * atr[1]
shortStopPrice = shortProfitPrice + atrMultiplierStop * atr[1]

var trade_direction = 0

// Execute long trade
if longCondition
    strategy.entry("Long", strategy.long, qty = 2)
    strategy.exit("Long Exit", "Long", stop=longStopPrice) //, limit = longProfitPrice, qty = 1
    log.info("longProfitPrice {0}", longProfitPrice)
    trade_direction := 1

// Execute short trade
if shortCondition
    strategy.entry("Short", strategy.short, qty = 2)
    strategy.exit("Short Exit", "Short", stop=shortStopPrice) //, limit = shortProfitPrice, qty = 1
    trade_direction := -1

if bearishBar and trade_direction == 1
    // strategy.exit("Long Exit", "Long")
    strategy.close_all("Long Exit")
    trade_direction := 0

if bullishBar and trade_direction == -1
    // strategy.exit("Short Exit", "Short")
    strategy.close_all("Short Exit")
    trade_direction := 0