How to detect PULLBACKS in Pine Script

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Want to learn Pine Script? Look no further. I have you covered!

This lesson demonstrates how to detect high-quality trend-continuation pullbacks in price action using Pine Script code.

With over 16 years of coding experience and 5+ years of profitable trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.

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Educational Content Disclaimer:
The content provided in our videos, including all code, lessons, and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and are not suitable for all persons. Before making any trading decisions, please consult with a qualified professional to understand the risks involved. By using our materials, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.

▼Timestamps▼
00:00 - Intro & Disclaimer
01:28 - Overview
03:36 - Importing Library & User Inputs
05:50 - Getting Indicator Values
07:00 - Calculating Stop Loss
09:30 - Detecting Pullbacks
17:40 - Drawing Signals, Stops & Targets
19:30 - Generating Alerts

#PineScript #TradingView #Trading

[eitan]

that's a really great video.
i'm an algo-trading software developer, and i couldn't find the right rules for a pullback.
you really helped me.
Thank you!

[rohi]

I love the approach of building each section one by one on the video. thank you

[Robin_Skye]

Such a useful video once again. You're the best PineScript tutor on YouTube. And a nice person to boot. Enjoy your holiday and rest well.

[glebcherkashyn]

thank you for your work! I've learned 2 new things for me: `alert()` function - will definitely use it, and `import` :)

[ThomasCollado]

Dude, your videos are great, you are always putting out so much quality content. Thank you.

[roystoncartwright]

thank you hope you have a nice weekend 😊

[carlofrancisco]

Just checked out your TV scripts, subbed!

[Dramwave]

Thank you for the great tutorial and for sharing your knowledge!

[jasonn]

Thanks for all your great codes man. I have a question.
I would like to know if I can explore a library of yours so I don’t have to rely on your library in my strategy…
Thanks for sharing I guess. ❤

[bayces]

thank you. Can you write a support and resistance indicator as an example?

[sallywilson]

Thanks so much for this video and the indicator code. This is the exact Steven Hart strategy I had been trying code.

[ReptarKingoftheBrozone]

Any chance you could make a brief video on how switch statements work in pine script? I'm struggling to understand it from the written manual

[Drawn_Cup]

Love the videos and the descriptions you earned a like and subscription with the top notch quality and love the honesty I had to quit smoking too for my Trading❤

[CryptoTraderHab]

Thanks for sharing for free! God bless you!

[bayces]

thank you. how to detect buildup formation

[amarsanaagalbadrah]

do you do entry only engulfing candle on 4h timeframe?

[GreyFox]

Hey Mathew, thank you for this. Your whole channel really! I have a question: Is it possible to use the strategy tester for a strategy with risk-based position sizing? For instance you always calculate an initial stop and based on the entry price and that stop calculate the position size in order to have a trade risk of 2% of your capital. Is it possible to have the strategy tester do that?

[inLOVEwithPK]

New Art of Trading video is out!
Liking first, watching second!

[reylopez]

Is there a way to enter into a forex trade and then, set up a way to have it EXIT automatically, this would ofcourse follow exit rules including stoploss rules and eliminate emotional trading.
Can it be done?

[IamFluffY]

Yes! Keeping it simple is always better. The rules should be able to fit into less than 100 lines of code IMO…