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
Heikin Ashi Trend Follow Strategy
The Heikin Ashi Trend Follow Strategy calculates smoothed Heikin Ashi candle values from open, high, low and close prices and plots them on the price chart along with a trend EMA.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code37
Settings3inputs
LicenceNone stated
Last update11 months ago17 Nov 2025
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
Heikin Ashi Trend Follow Strategy signals long entries when the Heikin Ashi close crosses above the trend EMA and closes the long position when the Heikin Ashi close crosses below the trend EMA. Stop loss is set at a percentage of the average entry price and take profit at a higher percentage. Main settings let users change the trend EMA length, stop loss percentage and take profit percentage. It is a trend-following strategy that draws directly on the price chart.
- Heikin Ashi candles
- Trend EMA
- crossover entries
- percentage SL/TP
- trend following
Details
Published by
surajmateti on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Candlestick patterns, Moving averages
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 |
|---|---|---|---|
| Trend EMA Length | int | 50 | trendLen |
| Stop Loss % | float | 1.0 | slPct |
| Take Profit % | float | 2.0 | tpPct |
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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