by 
This strategy trades price action pin bar patterns aligned with moving average trend alignment on the main price chart. It defines uptrends or downtrends using a fan arrangement of three moving averages (6 EMA, 18 EMA, and 50 SMA). Entry conditions require a b
Strategy · Pine Script v5 · On the chart
ARC PinBarAlgo
A Pine v5 strategy that trades pin bar candles on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code238
Settings28inputs
LicenceNone stated
Last update8 months ago16 Feb 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
A pin bar needs a long wick relative to its body and range, a small opposite wick, and an optional required wick side. Optional confirmation uses band, momentum and EMA crossover settings and a trend moving average filter. Entry can be at the close or on a break of the bar, with long and short toggles. The stop can be the pattern, ATR or fixed ticks, and the target uses risk-reward, ATR or ticks. The code describes itself as reconstructed.
- Pin bar detection by wick, body and nose ratios
- Optional confirmation and trend moving average filter
- Close or break-of-bar entry trigger
- Pattern, ATR or fixed-tick stop loss
- Risk-reward, ATR or tick take profit
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Min Wick/Body Ratio | float | 2.0 | minWickBodyRatio |
| Max Body % of Range | float | 33 | maxBodyPctRange |
| Required Wick Location | string | Any | wickLocation |
| Min Wick % of Range | float | 60 | minWickPctRange |
| Max Nose % of Range | float | 25 | noseSize |
| Use VMAlgo Confirmation | bool | true | useVMAlgo |
| Band Period | int | 20 | bandPeriod |
| Fast Period | int | 12 | fastPeriod |
| Slow Period | int | 26 | slowPeriod |
| StdDev Multiplier | float | 2.0 | stdDevNumber |
| Swing Strength (ATR) | int | 14 | swingStrength |
| Momentum-Distance Mult | float | 1.0 | multiplierMD |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable EMA Crossover | bool | true | enableEmaCrossover |
| Fast EMA Period | int | 9 | fastEmaPeriod |
| Slow EMA Period | int | 21 | slowEmaPeriod |
| Use Trend Filter | bool | true | useTrendFilter |
| Trend MA Period | int | 50 | trendMAPeriod |
| Allow Long Entries | bool | true | allowLong |
| Allow Short Entries | bool | true | allowShort |
| Entry Trigger | string | Close | entryTrigger |
| Stop Loss Type | string | Pattern | stopType |
| ATR Period | int | 14 | atrPeriod |
| ATR Multiplier (Stop) | float | 1.5 | atrMultStop |
| Fixed Stop (Ticks) | int | 20 | fixedStopTicks |
| Risk:Reward Ratio | float | 2.0 | riskRewardRatio |
| Target Type | string | RR | targetType |
| ATR Multiplier (Target) | float | 3.0 | atrMultTarget |
| Fixed Target (Ticks) | int | 40 | fixedTargetTicks |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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