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 v6 · On the chart
J 8
This strategy detects pin bars within an EMA volatility channel using custom user-defined types.
GitHub stars1on the repository
Pine versionv6current
Lines of code148
Settings2inputs
LicenceNone stated
Last update3 weeks ago6 Oct 2026
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
J 8 determines market direction based on price action relative to a 21-period EMA and a body-based ATR range. When a qualifying bullish or bearish pin bar prints inside the channel along the prevailing trend, it enters long or short. Exits are set using a 3x ATR stop loss and a take profit determined by a configurable risk-to-reward multiplier. All bands, entry prices, stops, and targets plot directly on the chart.
- User-defined types for candle features and market trend data
- Dynamic pin bar detection using shadow-to-body ratios
- EMA and ATR-based trend boundaries and entry filters
- Configurable risk-to-reward ratio for automated bracket exits
- On-chart overlay plotting entry, stop loss, and take profit lines
Details
Published by
moonyroy on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Candlestick patterns, Moving averages, Trend
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 |
|---|---|---|---|
| rr | int | 3 | rr |
| trade type | string | credit by old signal | typ |
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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