Write a moving-average pullback as one procedure

A pullback written as a procedure

A moving average, in this historical workflow, is a lookback average of closing prices used as the pullback reference line. Pullback trading is a rule set that waits for a defined retreat toward that average, then requires a separate entry trigger. A time-stop is an exit that closes the position after a fixed number of bars rather than a price target.

The pullback reference is a 30-bar average of closing prices.

Setup conditions

A setup requires no close below that 30-bar average over the pullback lookback. A setup also requires the recent low to sit above an earlier lookback high. A setup also requires the close to sit within 1.5 percent of the average.

Trigger and entry

The default entry trigger is a high that exceeds the prior bar high. The strategy version buys the next bar at market when setup and trigger are both true.

Time-stop exit

The strategy version exits after three bars have elapsed since entry. That time-stop closes the position after a fixed number of bars rather than a price target.

Screening version

A screening version also requires price between 5 and 20 and a 20-bar average volume above 600000.

Keep the pieces in one sequence

Editorial reading: keep the 30-bar average, the three setup tests, the high trigger, the next-bar market buy, and the three-bar time-stop as a single procedure. If setup or trigger is false, the procedure does not enter. The screening version adds price between 5 and 20 and a 20-bar average volume above 600000 before that same sequence.