by 
This strategy trades the three-candle strike pattern filtered by trend direction and time sessions. It calculates market regime using linear regression and exponential or smoothed moving averages to distinguish between ranging and trending conditions. Risk man
Strategy · Pine Script v6 · On the chart
No Wick + TQ Strategy
A strategy that places limit orders at the midpoint of a candle with no wick on the entry side, when a trend quality measure is above a bull threshold or below a bear threshold.
GitHub stars1on the repository
Pine versionv6current
Lines of code286
Settings29inputs
LicenceNone stated
Last update4 months ago25 Jun 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
Further filters cover close position within the candle, minimum body size relative to ATR, trading sessions in Singapore time, a window after each hour turn, VWAP side and weekdays. Each trade has an ATR-based initial stop and a fixed reward-to-risk target, with fixed quantity and limit orders that expire after a set number of bars.
- No-wick candle limit order entries
- Trend quality threshold for direction
- Session, macro window, VWAP and weekday filters
- ATR stop with fixed reward-to-risk target
Details
Published by
riegodavid-git on GitHub
Type
Draws
On the price chart
Category
Markets
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 |
|---|---|---|---|
| Fast Length | int | 7 | lenFast |
| Slow Length | int | 15 | lenSlow |
| Trend Length | int | 4 | lenTrend |
| Noise Type | string | LINEAR | typeNoise |
| Noise Length | int | 250 | lenNoise |
| Correction Factor | int | 2 | corrFactor |
| Bull Threshold (TQ ≥) | float | 2.0 | tqBullMin |
| Bear Threshold (TQ ≤ −) | float | 2.0 | tqBearMin |
| Min Close Position | float | 0.5 | minClosePos |
| Min Body (× ATR) | float | 0.2 | minBodyFactor |
| Enable Session Filter | bool | true | filterSessions |
| Asia (06:00–12:00 SGT) | bool | false | tradeAsia |
Show all 29 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| London (12:00–18:00 SGT) | bool | true | tradeLondon |
| New York (18:00–00:00 SGT) | bool | true | tradeNY |
| Avoid Macro Windows | bool | true | filterMacro |
| Bars After Hour Turn | int | 5 | macroBars |
| Enable VWAP Filter | bool | true | filterVwap |
| Anchor Period | string | Session | vwapAnchor |
| Enable Day Filter | bool | false | filterDays |
| Monday | bool | true | tradeMonday |
| Tuesday | bool | true | tradeTuesday |
| Wednesday | bool | true | tradeWednesday |
| Thursday | bool | true | tradeThursday |
| Friday | bool | true | tradeFriday |
| Limit Expiry (bars) | int | 6 | limitExpire |
| ATR Length | int | 14 | atrLen |
| ATR Multiplier | float | 1.5 | atrMult |
| Risk:Reward Ratio | float | 1.5 | rrMult |
| Fixed Quantity | float | 1.0 | fixedQty |
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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