Heikin Ashi with Pivot Trendline…: 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

151 lines of Pine Script v5 from Tradingview/heikin-ashi-pivot-trendlines-strategy.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

heikin-ashi-pivot-trendlines-strategy.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
strategy("Heikin Ashi with Pivot Trendlines Strategy", overlay=true)

// @keywords: heikin-ashi, pivot-trendlines, ma-cloud, ma-crossover, pivot-high, pivot-low, strategy-entry, strategy-exit, profit-target, stop-loss, swing-high, swing-low, long-trades, short-trades, filter-ma, three-bar-rule, entry-line, target-line, stop-line, ha-trend

ma(source, length, type) =>
    switch type
        "SMA" => ta.sma(source, length)
        "EMA" => ta.ema(source, length)
        "SMMA (RMA)" => ta.rma(source, length)
        "WMA" => ta.wma(source, length)
        "VWMA" => ta.vwma(source, length)
        
ma1_length = input.int(9, title = 'MA 1', minval = 1, group = 'Indicator Settings', inline = '1')
ma1_type = input.string(title = "", defval = "EMA", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group="Indicator Settings", inline = '1')

ma2_length = input.int(20, title = 'MA 2', minval = 1, group = 'Indicator Settings', inline = '2')
ma2_type = input.string(title = "", defval = "EMA", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group="Indicator Settings", inline = '2')

long_ma_length = input.int(200, title = 'Filter MA', group = 'Indicator Settings', inline = '3')
long_type = input.string(title = "", defval = "EMA", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group="Indicator Settings", inline = '3')

bull_color = input.color(color.green, title = 'Bull Color', group = 'Visual Settings', inline = '1')
bear_color = input.color(color.red, title = 'Bear Color', group = 'Visual Settings', inline = '1')

ma1_color = input.color(color.gray, title = 'MA 1 Color', group = 'Visual Settings', inline = '2')
ma2_color = input.color(color.gray, title = 'MA 2 Color', group = 'Visual Settings', inline = '2')

pivot_length = input.int(3, minval = 2, maxval = 5, title = 'Pivot Length', group="Indicator Settings", inline = '4')
pivot_debug = input.bool(false, title = 'Debug', group="Indicator Settings", inline = '4')

long_trades = input.bool(true, title = 'Long Trades', group="Trade Settings", inline = '1')
short_trades = input.bool(true, title = 'Short Trades', group="Trade Settings", inline = '2')
use_3_bar = input.bool(true, title = 'Use 3 Bar', group="Trade Settings", inline = '3')
use_filter = input.bool(true, title = 'Use Filter', group="Trade Settings", inline = '4')
target_mult = input.float(1.50, minval = 0.01, title = 'Tgt Amount', group="Trade Settings", inline = '5')

ma1_value = ma(close, ma1_length, ma1_type)
ma1_plot = plot(ma1_value, title = 'MA 1', color = ma1_color)
ma2_value = ma(close, ma2_length, ma2_type)
ma2_plot = plot(ma2_value, title = 'MA 2', color = ma2_color)
cloud_color = ma1_value >= ma2_value ? bull_color : bear_color
fill(ma1_plot, ma2_plot, title = 'MA Cloud', color = color.new(cloud_color,80))

longma_value = ma(close, long_ma_length, long_type)
long_color = close >= longma_value ? bull_color : bear_color
longma_plot = plot(longma_value, title = 'MA 1', color = color.new(long_color,50))
mid_lineplot = plot(close >= longma_value ? math.min(close,open) : math.max(close,open), title = 'Long Cloud Mid', color = color.new(#000000,100), display = display.none)
fill(mid_lineplot, longma_plot, color = color.new(long_color,90), title = 'Long MA Cloud')

heikinashi_close = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, close)
heikinashi_open = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, open)

ha_trend = heikinashi_close > heikinashi_open ? 1 : -1
ha_color = ha_trend == 1 ? bull_color : bear_color
barcolor(ha_color)

var ha_bull = 0
ha_bull := heikinashi_close > heikinashi_open ? 1 : 0
var ha_bear = 0
ha_bear := heikinashi_close > heikinashi_open ? 0 : 1

buy_cross = ta.crossover(ma1_value, ma2_value)
sell_cross = ta.crossunder(ma1_value, ma2_value)

var buy_cond = false
var sell_cond = false

if use_3_bar and use_filter
    buy_cond := ma1_value >= ma2_value and close >= longma_value and buy_cross[2] and math.sum(ha_bull, 3) == 3
    sell_cond := ma1_value < ma2_value and close < longma_value and sell_cross[2] and math.sum(ha_bear, 3) == 3
    
else if use_3_bar and not use_filter
    buy_cond := ma1_value >= ma2_value and buy_cross[2] and math.sum(ha_bull, 3) == 3
    sell_cond := ma1_value < ma2_value and sell_cross[2] and math.sum(ha_bear, 3) == 3
    
else if not use_3_bar and use_filter
    buy_cond := ma1_value >= ma2_value and close >= longma_value and buy_cross
    sell_cond := ma1_value < ma2_value and close < longma_value and sell_cross

else if not use_3_bar and not use_filter
    buy_cond := ma1_value >= ma2_value and buy_cross
    sell_cond := ma1_value < ma2_value and sell_cross
    
else
    buy_cond := false
    sell_cond := false

ph = ta.pivothigh(pivot_length, pivot_length)
pl = ta.pivotlow(pivot_length, pivot_length)

real_offset = pivot_debug ? 0 : -pivot_length

plotshape(ph, title = 'Swing High', location = location.absolute, color = color.white, offset = real_offset, size = size.auto, style = shape.circle)
plotshape(pl, title = 'Swing Low', location = location.absolute, color = color.white, offset = real_offset, size = size.auto, style = shape.circle)

var last_ph = 0.00
var last_pl = 0.00

last_ph := na(ph) ? last_ph[1] : ph
last_pl := na(pl) ? last_pl[1] : pl

var stop_price = 0.00
var profit_target = 0.00

//LONGS
if strategy.position_size > 0 
    
    if strategy.position_avg_price != strategy.position_avg_price[1] or na(strategy.position_avg_price[1])
        stop_price := last_pl
        profit_target := strategy.position_avg_price + math.abs(strategy.position_avg_price - stop_price) * target_mult
        
    else
        stop_price := stop_price[1]
        profit_target := profit_target[1]
        
    strategy.exit("Longs", limit = profit_target, stop = stop_price, comment = 'TP/SL')

//SHORTS
else if strategy.position_size < 0
    
    if strategy.position_avg_price != strategy.position_avg_price[1] or na(strategy.position_avg_price[1])
        stop_price := last_ph
        profit_target := strategy.position_avg_price - math.abs(strategy.position_avg_price - stop_price) * target_mult
        
    else
        stop_price := stop_price[1]
        profit_target := profit_target[1]
        
    strategy.exit("Shorts", limit = profit_target, stop = stop_price, comment = 'TP/SL')

else
    stop_price := na
    profit_target := na
    
entry_line = plot(strategy.position_avg_price, title = 'Entry', color = color.gray, style = plot.style_cross)
stop_line = plot(stop_price, title = 'Stop', color = bear_color, style = plot.style_cross)
target_line = plot(profit_target, title = 'Target', color = bull_color, style = plot.style_cross)

fill(target_line, entry_line, color = color.new(bull_color,95), title = 'Entry To Target')
fill(stop_line, entry_line, color = color.new(bear_color,95), title = 'Entry To Stop')

if (buy_cond and long_trades)
    strategy.entry("LE", strategy.long)

if (sell_cond and short_trades)
    strategy.entry("SS_E", strategy.short)

Overview

Heikin Ashi with Pivot Trendlines Strategy triggers long and short entry signals using moving average alignments and pivot trendline levels, with optional filtering via a three-bar confirmation rule and a 200-period baseline average. Trades exit using a customizable profit target multiplier and swing stop levels. User settings control moving average lengths, calculation types, pivot detection lengths, and trade direction toggles.

Dual moving average clouds
Heikin Ashi price calculations
Pivot trendline detection
Long-term trend filter moving average
Configurable profit target multiplier

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

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.

File

Tradingview/heikin-ashi-pivot-trendlines-strategy.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
MA 1	`int`	`9`	`ma1_length`
ma1_type	`string`	`EMA`	`ma1_type`
MA 2	`int`	`20`	`ma2_length`
ma2_type	`string`	`EMA`	`ma2_type`
Filter MA	`int`	`200`	`long_ma_length`
long_type	`string`	`EMA`	`long_type`
Bull Color	`color`	`color.green`	`bull_color`
Bear Color	`color`	`color.red`	`bear_color`
MA 1 Color	`color`	`color.gray`	`ma1_color`
MA 2 Color	`color`	`color.gray`	`ma2_color`
Pivot Length	`int`	`3`	`pivot_length`
Debug	`bool`	`false`	`pivot_debug`

Show all 17 settings

Setting	Type	Default	Variable
Long Trades	`bool`	`true`	`long_trades`
Short Trades	`bool`	`true`	`short_trades`
Use 3 Bar	`bool`	`true`	`use_3_bar`
Use Filter	`bool`	`true`	`use_filter`
Tgt Amount	`float`	`1.50`	`target_mult`

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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Heikin Ashi with Pivot Trendlines Strategy

Add It to Your TradingView Chart

Source Code

Overview

Details

Published by

Code credit

Type

Draws

Category

Markets

Timeframes

Risk Notes

File

Repository

Settings

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