1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
76 lines of Pine Script v5 from Tradingview/heikin-ashi-buy-sell-arrows.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
A buy signal is generated when a Heikin-Ashi candle forms with no lower wick following a sell sequence, while a sell signal occurs when a Heikin-Ashi candle forms with no upper wick following a buy sequence. The script plots green BUY and red SELL labels on the price chart at the start of new signal sequences and provides alert conditions for entry notifications.
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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