Creating and Backtesting Tradingview Pinescript Trading Strategy

This basic tutorial helps you to explore creating your own first trading system in Tradingview platform using pinescript programming language. If you are searching for how to create and backtesting your trading ideas then this is the first video tutorial that you have to start with.

Simple Trading Rules

Enter Long: Positive EMA Crossover of 20 and 50
Exit Long: Candle closes below 25 periods EMA

Enter Short: Negative EMA Crossover of 20 and 50
Exit Short: Candle Closes above 25 periods EMA

Video Tutorial on How to Create and Bactesting Tradingview Pinescript Programming

Pinescript Code

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © algomojo

//@version=4
strategy("Simple Trading Strategy",overlay=true)

//compute the indicators

ema1 = ema(close,20)
ema2 = ema(close,50)
ema3 = ema(close,25)



//plot the indicators

plot(ema1,title="EMA20",color=color.red,linewidth=2)
plot(ema2,title="EMA50",color=color.green,linewidth=2)
plot(ema3,title="EMA25",color=color.blue,linewidth=2)


//Trading Logic

EnterLong = crossover(ema1,ema2) //Positive EMA Crossover
ExitLong = crossunder(close,ema3) //candle closes below 25 per EMA value

EnterShort = crossunder(ema1,ema2) //Negative EMA crossover
ExitShort = crossover(close,ema3)



//Execution Logic - Placing Orders

strategy.entry("Long",strategy.long,1,when=EnterLong)
strategy.close("Long",when=ExitLong)

strategy.entry("Short",strategy.short,1,when=EnterShort)
strategy.close("Short",when=ExitShort)