Strategy · Pine Script v6 · On the chart

MTF Trend Strategy

by trugurpala

This strategy trades a chart-timeframe exponential moving average crossover only when a higher-timeframe close agrees with a higher-timeframe exponential moving average.

View on GitHub

Repaints

GitHub stars4on the repository
Pine versionv6current
Lines of code45
Settings7inputs
LicenceMIT
Last update2 months ago3 Aug 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

45 lines of Pine Script v6 from examples/strategies/07_mtf_trend_strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

07_mtf_trend_strategy.pine
//@version=6
// Multi-Timeframe Trend Strategy — github.com/trugurpala/pinescriptv6
// Author: Ugur Pala · mail@ugurpala.com
strategy("MTF Trend Strategy [trugurpala]",
    overlay=true, initial_capital=10000,
    default_qty_type=strategy.percent_of_equity, default_qty_value=10,
    commission_type=strategy.commission.percent, commission_value=0.1)

// ── Inputs ───────────────────────────────────────────────────────────────────
string htfInput   = input.string("D", "Higher TF", options=["60","240","D","W"])
int    htfEmaLen  = input.int(21, "HTF EMA", minval=1)
int    fastLen    = input.int(9,  "Fast EMA", minval=1)
int    slowLen    = input.int(21, "Slow EMA", minval=1)
int    atrLen     = input.int(14, "ATR", minval=1)
float  slMult     = input.float(1.5, "SL Mult", step=0.1)
float  tpMult     = input.float(2.5, "TP Mult", step=0.1)

// [1] + lookahead_on is a confirmed HTF pattern only when the requested timeframe is higher than the chart; this code does not enforce that relation.
float htfEma   = request.security(syminfo.tickerid, htfInput, ta.ema(close, htfEmaLen)[1], lookahead=barmerge.lookahead_on)
float htfClose = request.security(syminfo.tickerid, htfInput, close[1], lookahead=barmerge.lookahead_on)
bool  htfBull   = htfClose > htfEma
bool  htfBear   = htfClose < htfEma

// ── Lower Timeframe ──────────────────────────────────────────────────────────
float fastEma  = ta.ema(close, fastLen)
float slowEma  = ta.ema(close, slowLen)
float atrVal   = ta.atr(atrLen)
bool  bullCross = ta.crossover(fastEma,  slowEma) and htfBull
bool  bearCross = ta.crossunder(fastEma, slowEma) and htfBear

// ── Entries ──────────────────────────────────────────────────────────────────
if bullCross
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long", stop=close - slMult * atrVal, limit=close + tpMult * atrVal)
if bearCross
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short", stop=close + slMult * atrVal, limit=close - tpMult * atrVal)

// ── Visuals ──────────────────────────────────────────────────────────────────
plot(fastEma, "Fast", color.green, linewidth=2)
plot(slowEma, "Slow", color.red,   linewidth=2)
plot(htfEma,  "HTF EMA", color.new(color.orange, 20), linewidth=3)
bgcolor(htfBull ? color.new(color.green, 95) : color.new(color.red, 95))
plotshape(bullCross, "Long",  shape.triangleup,   location.belowbar, color.green, size=size.normal)
plotshape(bearCross, "Short", shape.triangledown, location.abovebar, color.red,   size=size.normal)

Overview

A bullish cross opens a long and a bearish cross opens a short. Each entry places an average true range stop and limit target using the stop and target multipliers. Users can change the higher timeframe, the three moving-average lengths, the average true range length, and both exit multipliers. It draws the moving averages, bias background, and entry markers on the price chart. Higher-timeframe requests use a one-bar offset, but the script does not require the selected timeframe to be above the chart.

Details

Published by

trugurpala on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Trend, Moving averages, Volatility & bands

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)

Topics

aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis

Settings

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

SettingTypeDefaultVariable
Higher TFstringDhtfInput
HTF EMAint21htfEmaLen
Fast EMAint9fastLen
Slow EMAint21slowLen
ATRint14atrLen
SL Multfloat1.5slMult
TP Multfloat2.5tpMult
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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