HA UnivLong&Short Futures calculates Heikin Ashi candles and builds a channel using simple moving averages of Heikin Ashi highs and lows. It enters long positions when the upper channel line crosses above the lower channel line and opens short positions on the
Strategy · Pine Script v4 · Own pane
Next Bar Open Execution Demo
This script is an educational demonstration from the TradingView documentation illustrating order execution mechanics on the next bar open.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code5
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
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
5 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-essential-strategies-05.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("next bar open execution demo")
if bar_index < 100
strategy.order("buy", strategy.long, when=strategy.position_size == 0)
strategy.order("sell", strategy.short, when=strategy.position_size != 0)
Overview
During the first 100 bars of a chart, it places alternating market orders: entering a long position whenever flat, and reversing into a short position whenever already in a trade. It contains no adjustable inputs and displays in a separate indicator pane. Trading ceases entirely after bar index 100, and the strategy includes no risk management, stop loss, or take profit mechanisms.
- Next bar open execution demonstration
- Alternating long and short position entries
- Fixed bar index trade limitation
Details
Published by
be-thomas on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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