This overlay strategy marks short-term turning points on the price chart and enters SPY option-style trades from them. It plots simple moving averages of highs and lows, draws up and down reversal arrows, and colors bars when a short-term extreme coincides wit
Strategy · Pine Script v5 · On the chart
NinjaView Example 3 / NQ 2m /ES 3m (Fractal Engulfer)
This strategy identifies engulfing outside bar formations combined with fractal pivot conditions to generate intraday trading signals on index futures.
GitHub stars8on the repository
Pine versionv5runs as is
Lines of code78
Settings5inputs
LicenceNone stated
Last update2 years ago27 Jun 2024
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
Signals are filtered against a long-period Tillson T3 moving average, triggering long entries below the T3 line and short entries above it when no position is open. Position exits are managed via fixed-tick take profit and stop loss orders, while generating formatted JSON alert strings for third-party execution. Key inputs allow adjusting the T3 length, fractal periods, and order account details.
- Tillson T3 moving average trend filter
- Outside bar engulfing pattern detection
- Multi-bar fractal pivot identification
- Fixed-tick profit target and stop loss exits
- Automated webhook JSON alert payload formatting
Details
Published by
NinjaView on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Moving averages, Candlestick patterns, Scalping
Markets
Indices
Timeframes
M1-M5
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 |
|---|---|---|---|
| Account Name | string | Sim101 | acct |
| Symbol Ticker | string | ES JUN24 | ticker |
| Quantity | int | 1 | qty |
| T3 | int | 400 | T3 |
| Periods | int | 2 | n |
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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