Heikin Ashi Strategy V2 [Alorse]: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

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 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

58 lines of Pine Script v4 from strategies/trend/Heikin Ashi Strategy V2 [FAKE].pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

Heikin Ashi Strategy V2 [FAKE].pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// Heikin Ashi Strategy V2 [Alorse] based on breizh29 script
// © alorse

//@version=4
strategy("Heikin Ashi Strategy V2 [Alorse]",shorttitle="HAS V2 [Alorse]", overlay=true, pyramiding=0, currency=currency.USD, default_qty_type=strategy.percent_of_equity, default_qty_value=100)

res = input(title="Timeframe", type=input.resolution, defval="60", group="Heikin Ashi Candle")
hshift = input(1,title="Timeframe Shift", group="Heikin Ashi Candle")
res1 = input(title="EMA Timeframe", type=input.resolution, defval="180", group="Heikin Ashi EMA")
mhshift = input(0,title="EMA Timeframe Shift", group="Heikin Ashi EMA")
fama = input(1,"EMA Period", group="Heikin Ashi EMA")
test = input(1,"EMA Shift", group="Heikin Ashi EMA")
sloma = input(30,"EMA Period", group="Slow EMA")
slomas = input(1,"EMA Shift", group="Slow EMA")

showShort = input(false, title="Show only Long entries", group="Strategy")

macdf = input(false,title="With MACD filter", group="MACD")
res2 = input(title="MACD Time Frame", type=input.resolution, defval="15", group="MACD")
macds = input(1,title="MACD Shift", group="MACD")
ha_t = heikinashi(syminfo.tickerid)
ha_close = security(ha_t, res, close[hshift], barmerge.gaps_off, barmerge.lookahead_on)
mha_close = security(ha_t, res1, close[mhshift], barmerge.gaps_off, barmerge.lookahead_on)

//macd
[macdLine, signalLine, histLine] = macd(close, 12, 26, 9)
macdl = security(ha_t,res2,macdLine[macds], barmerge.gaps_off, barmerge.lookahead_on)
macdsl= security(ha_t,res2,signalLine[macds], barmerge.gaps_off, barmerge.lookahead_on)

//Moving Average
fma = ema(mha_close[test], fama)
sma = ema(ha_close[slomas], sloma)

plot(fma,title="MA", color=color.blue, linewidth=1, style=plot.style_line)
plot(sma,title="SMA", color=color.purple, linewidth=1, style=plot.style_line)


//BACKTESTING
startDate = input(title="Day", type=input.integer, defval=1, minval=1, maxval=31, group="Backtesting starts")
startMonth = input(title="Month", type=input.integer, defval=7, minval=1, maxval=12, group="Backtesting starts")
startYear = input(title="Year", type=input.integer, defval=2021, minval=1800, maxval=2100, group="Backtesting starts")

endDate = input(title="Day", type=input.integer, defval=21, minval=1, maxval=31, group="Backtesting ends")
endMonth = input(title="Month", type=input.integer, defval=12, minval=1, maxval=12, group="Backtesting ends")
endYear = input(title="Year", type=input.integer, defval=2022, minval=1800, maxval=2100, group="Backtesting ends")

inDateRange = (time >= timestamp(syminfo.timezone, startYear, startMonth, startDate, 0, 0)) and (time < timestamp(syminfo.timezone, endYear, endMonth, endDate, 0, 0))

//Strategy
golong =  crossover(fma,sma) and (macdl > macdsl or macdf == false)
goshort =   crossunder(fma,sma) and (macdl < macdsl or macdf == false)

strategy.entry("Buy", strategy.long, when=golong)
if showShort == false
    strategy.entry("Sell", strategy.short, when=goshort)
else
    strategy.close("Buy", when=goshort)

Overview

Heikin Ashi Strategy V2 [Alorse] calculates a fast and slow exponential moving average from higher-timeframe Heikin Ashi close data and plots both lines on the price chart. Entries trigger on moving average crosses, with an optional multi-timeframe MACD filter. Users can adjust timeframes, period lengths, shifts, and restrict trades to long-only. The script uses lookahead in its multi-timeframe security calls, which causes historical repainting, and provides no stop loss or take profit.

Multi-timeframe Heikin Ashi moving averages
Optional Heikin Ashi MACD trend filter
Configurable timeframes and bar shifts
Long-only execution toggle
Customizable backtest date window

Details

Published by

Alorse on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)
Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
The strategy enters trades without a stop loss

File

strategies/trend/Heikin Ashi Strategy V2 [FAKE].pine

Repository

github.com/Alorse/pinescript-strategies. See its other scripts in the library

Topics

pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Timeframe	`timeframe`	`60`	`res`
Timeframe Shift	`int`	`1`	`hshift`
EMA Timeframe	`timeframe`	`180`	`res1`
EMA Timeframe Shift	`int`	`0`	`mhshift`
EMA Period	`int`	`1`	`fama`
EMA Shift	`int`	`1`	`test`
EMA Period	`int`	`30`	`sloma`
EMA Shift	`int`	`1`	`slomas`
Show only Long entries	`bool`	`false`	`showShort`
With MACD filter	`bool`	`false`	`macdf`
MACD Time Frame	`timeframe`	`15`	`res2`
MACD Shift	`int`	`1`	`macds`

Show all 18 settings

Setting	Type	Default	Variable
Day	`int`	`1`	`startDate`
Month	`int`	`7`	`startMonth`
Year	`int`	`2021`	`startYear`
Day	`int`	`21`	`endDate`
Month	`int`	`12`	`endMonth`
Year	`int`	`2022`	`endYear`

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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