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 v4 · On the chart
Combined Script
Strategy combining EMA and SMA trend alignment with pin bar candle patterns and moving average piercing.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code193
Settings24inputs
LicenceNone stated
Last update4 years ago25 Aug 2022
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
Combined Script triggers trades in the direction of the moving average fan when a pin bar forms, managing positions using an ATR-based stop loss, pip-based profit targets, and optional trailing stops. It plots patterns, target levels, and day-of-week labels directly on the price chart, with integrated PineConnector alert syntax for automated execution.
- Moving average fan trend filter
- Bullish and bearish pin bar detection
- ATR-based stop loss and pip take profit
- Trailing stop loss configuration
- PineConnector alert integration
Details
Published by
maxits on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Moving averages, Candlestick patterns, Trend
Markets
Forex
Timeframes
M15-H1
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 |
|---|---|---|---|
| Plot Day of Week? | bool | true | plotday |
| Plot Pin Bar? | bool | true | plotPinBar |
| Plot TP/SL? | bool | true | plotTarget |
| Plot Label? | bool | true | plotlabel |
| Label Plotting Distance From bar | int | 5 | labeldist |
| =========== Strategy Inputs =========== | bool | false | sep1 |
| Risk Per Trade | float | 3 | pc_risk |
| Cancel Entry After X Bars (Period) | int | 3 | ent_canc |
| =========== TP/SL Inputs =========== | bool | false | sep2 |
| Profit Target in Pips | int | 300 | profitPip |
| Stop Loss (x*ATR, Float) | float | 0.5 | atr_mult |
| ATR (Period) | int | 14 | atr_valu |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trailing Stop Loss Trigger Price from entry in pips | int | 100 | trailtrig |
| Trailing Stop Loss from entry in pips | int | 10 | traildist |
| Trailing Stop Loss step up | int | 10 | trailstep |
| =========== MA Inputs =========== | bool | false | sep3 |
| Slow SMA (Period) | int | 50 | sma_slow |
| Medm EMA (Period) | int | 18 | ema_medm |
| Fast EMA (Period) | int | 6 | ema_fast |
| =========== External Alerts Inputs =========== | bool | false | sep4 |
| License ID | string | 5510492750007 | pc_id |
| MetaTrader Prefix | string | | pc_prefix |
| MetaTrader Suffix | string | | pc_suffix |
| Use Limit Order? | bool | true | pc_limit |
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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