This intraday strategy executes trades on the Nikkei 225 index based on exponential moving average crossovers restricted to Tokyo Stock Exchange trading hours (09:00 to 15:30 JST).
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
55 lines of Pine Script v6 from global-markets/11_nikkei_japan.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
Long and short positions are taken on fast and slow EMA crossovers during active session hours. Trades feature fixed ATR-multiplier stop loss and take profit levels calculated at entry, and all open positions are automatically closed when the market session ends. Moving averages, entry shapes, and session highlights plot directly on the main chart.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast EMA
int
9
fastLen
Slow EMA
int
21
slowLen
ATR
int
14
atrLen
SL Mult
float
1.5
slMult
TP Mult
float
2.5
tpMult
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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