Bear & Bull Builder // visual strategy builderAre you a trend follower?
Trend following systems have been a cornerstone of trading since the first candlestick charts were invented in 18th-century Japan by Munehisa Homma (or Honma), a legendary rice merchant who used them to analyze market sentiment and predict price movements. Since then, legendary traders like Richard Dennis and Dr. David Paul have used technical analysis—the study of turning points and trends of candlestick charts—to develop an edge and strategy for trading equity, commodity, and forex markets.
How to Utilize the Bear & Bull Builder
This script is a way to pick and choose technical methods like SMAs and EMAs to define trend exits and entries. Additionally, you can specify an ATR (Average True Range) calculated stop loss based on your individual strategy and trading plan. Within the settings panel, you can set up this script to display only Long Position values, zones, and levels—or configure it for shorts, or both.
What Makes This Original
Unlike most trend-following indicators that lock you into a single approach, this script lets you combine different indicator types (RSI, WaveTrend, CCI, EMA, SMA) across three separate trend timeframes. The originality comes from the flexibility: you can test whether momentum-based trends (like RSI) work better than moving averages for your timeframe, or experiment with mixing them together. The script also bridges the gap between manual trading and automation by providing visual position values and fill zones that show exactly where signals generate versus where orders execute—critical information most scripts ignore.
Getting Started
For this quick and easy setup example, I built a strategy that is long-only, displays only long positional data and values, and uses a 21 & 55 period exponential moving average for the short and medium-term trend in addition to an 89 period simple moving average for my longer-term outlook. I have set my ATR-based multiplier to 0.75, and have left the fill zone display turned on to help visualize when to set up the built-in alerts for automating my strategy. I have made this the default settings of the script.
Positional Values
GREEN NUMBERS → Entry signal price
YELLOW NUMBERS → Stop loss price
BLUE NUMBERS → Exit signal price
IMPORTANT
I cannot describe how useful it is to use TradingView's built-in Long and Short position tools! The whole reason for this script is that it is as manually friendly as it is automated—especially for backtesting. You can use the long position tool to measure exact profits and losses on individual trades for the strategies you build. This can really help you see clearly if you have built a system with positive expectancy.
Tables
1. Settings Display Table
Displays the trend types that are configurable in the settings panel. Shows if positional values for longs and shorts are currently displayed.
2. Back testing Table
Displays the total amount of long and short entry signals since the first bar of the chart. Additionally, it displays the average amount of bars per trade (time in trade).
Alerts & Automation
There are 4 built-in alerts for automating your strategy to an external server:
1.Long Entries
2.Long Exits
3.Short Entries
4.Short Exits
Since this script uses confirmed bar states for alert generation (to avoid repainting), all alerts and displayed position values (the green, yellow, and blue numbers) will be sent on the closing price. Each alert has a placeholder preset for further customization.
Technical Details
How the trend detection works:
Bullish state triggers when close > all three selected trends
Bearish state triggers when close < all three selected trends
Uses barstate.isconfirmed to prevent repainting
Stop loss calculation:
Long stops: highest_trend - (ATR × multiplier)
Short stops: lowest_trend + (ATR × multiplier)
ATR period is fixed at 20 bars, multiplier is user-adjustable
Entry placement logic:
Long entries execute at the highest value among the three selected trends
Short entries execute at the lowest value among the three selected trends
This ensures entries occur near the support/resistance created by the trend lines
Why calculate all indicators upfront:
The script calculates all five indicator types (EMA, SMA, RSI, CCI, WaveTrend) for all three trend lengths on every bar, then selectively uses the ones you choose in settings. This prevents Pine Script consistency warnings while maintaining flexibility.
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