If you are an algorithmic trader or developer on TradingView, you know this pain loop:
1. Have a great strategy idea.
2. Open the Pine Editor.
3. Spend the next 2 hours debugging basic risk management math, fixing date filters, and calculating ATR stops.
4. Finally start writing the actual entry logic, exhausted.
Most traders spend 80% of their time on "infrastructure code" and only 20% on actual alpha.
It's time to break that loop.
Today, I'm officially open-sourcing my private toolkit:
The Pine Script v6 Utility Library (GitHub)
This is not just another indicator. This is a collection of optimized, copy-paste-ready modules designed specifically for the latest Pine Script v6.
These are the essential building blocks I use for every single strategy I build.
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Here is what's inside the repo right now:
Module 1: The Risk Calculator Codon_Risk_Manager.pine)
Stop guessing your lot size. This function automatically calculates the exact quantity to buy/sell based on your account balance and a fixed risk percentage (e.g., risk 1% per trade).
*Why it matters: Proper position sizing is the only holy grail in trading.*
Module 2: The Backtest Time Machine Codon_Time_Filter.pine)
A clean, reusable filter to limit your strategy backtests to specific date ranges. No more messy timestamp conversions or syntax errors when trying to test Q4 2024 data only.
Module 3: Dynamic ATR Stop Logic Codon_ATR_Stop.pine)
A robust implementation of volatility-based trailing stops (like the Chandelier Exit). It adapts to market noise automatically.
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Why am I giving this away for free?
Because I believe developers should focus on building logic, not fighting syntax.
I built these modules because I needed them for my own work on http://Codon.pro (an AI tool that generates full Pine Script strategies instantly). These modules are actually extracted directly from Codon's backend engine.
But you don't need to use my tool to benefit from this code. It's pure, open-source Pine Script v6. MIT Licensed.
How to use it:
1. Go to the GitHub link below.
2. Open the module you need.
3. Copy the code into your TradingView editor.
4. Done.
Star the repo if you find it useful. Let's build better strategies, faster.