strategy.risk.allow_entry_in() - Pine Script Function

strategy.risk.allow_entry_in()

Overview

This function can be used to specify in which market direction the strategy.entry function is allowed to open positions.

Syntax

strategy.risk.allow_entry_in(value) → void

Parameters

Name	Type	Description
value	simple string	The allowed direction. Possible values: strategy.direction.all
strategy.direction.long	—	—
strategy.direction.short	—	—

Examples

Example 1

//@version=6
strategy("strategy.risk.allow_entry_in")
strategy.risk.allow_entry_in(strategy.direction.long)
if open > close
strategy.entry("Long", strategy.long)// Instead of opening a short position with 10 contracts, this command will close long entries.
if open < close
strategy.entry("Short", strategy.short, qty = 10)