Strategy · Pine Script v6 · On the chart

PF MTF probe 02 — dual TF closes

by pineforge-4pass· code credited to PineForge contributors 2026

This strategy monitors two higher timeframes of 60 minutes and 240 minutes.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code28
Settings0inputs
LicenceApache-2.0
Last update5 days ago23 Oct 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

28 lines of Pine Script v6 from validation/mtf-dual-tf-60-240-rising-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

strategy.pine
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// MTF probe 02 — two HTF closes (60m + 240m); long only when both close > prior bar close
// Purpose: parity test for alignment of two parallel `request.security` series
// at distinct HTFs and the AND of their `[1]`-history rising checks.
//
//@version=6
strategy("PF MTF probe 02 — dual TF closes", shorttitle="MTF_p02", overlay=true,
     initial_capital=1000000,
     commission_type=strategy.commission.percent, commission_value=0, slippage=0,
     default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
     process_orders_on_close=false)

float h60 = request.security(syminfo.tickerid, "60", close, lookahead=barmerge.lookahead_off)
float h240 = request.security(syminfo.tickerid, "240", close, lookahead=barmerge.lookahead_off)

bool up60 = h60 > h60[1]
bool up240 = h240 > h240[1]
bool bothUp = up60 and up240

if bothUp and strategy.position_size == 0
    strategy.entry("L", strategy.long, qty=1)

bool exitSig = not up60 and strategy.position_size > 0
if exitSig
    strategy.close("L")

Overview

PF MTF probe 02 — dual TF closes calculates whether the close on each timeframe exceeds the prior bar close, then checks if both are rising. When both conditions hold and no position exists, it enters a long trade with one unit. The position closes automatically if the 60-minute rising condition fails. The strategy plots signals directly on the price chart. It uses no stop loss and supports pyramiding of one position.

Details

Published by

pineforge-4pass on GitHub

Code credit

PineForge contributors 2026, as written in the script's header

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Trend

Markets

Any symbol

Timeframes

H4 and above

Risk Notes

  • The strategy can add several entries in the same direction
  • The strategy enters trades without a stop loss

Topics

algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview

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.

Similar Pine Scripts

Doge SMA

by hackingthemarkets
474 stars

Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s

Strategy v4 TrendMoving averages
Updated 4 years ago · None stated GitHub repository of Doge SMA

This strategy calculates and plots a fast Exponential Moving Average (EMA) and a slow EMA directly on the main price chart. It enters long trades when the fast EMA crosses above the slow EMA and exits when the fast EMA crosses below the slow EMA. Inputs allow

Strategy v6 TrendMoving averages
Updated today · AGPL-3.0 GitHub repository of Forven S01508 — Simple EMA20/50 Cross
330 stars

2 EMA/SMA + RSI Strategy [Alorse] combines three configurable moving averages with a short-period Relative Strength Index filter. It plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the

Strategy v4 TrendOscillators & momentum
Updated 2 months ago · None stated GitHub repository of 2 EMA/SMA + RSI Strategy [Alorse]

Acrypto - Weighted Strategy

by AlbertoCuadra
318 stars

This strategy plots on the price chart and opens long or short positions when a weighted score from MACD, Stochastic RSI, RSI, Supertrend and a moving-average crossover exceeds a user-set trigger. Each component has its own weight and candle delay. Entries can

Strategy v5 TrendOscillators & momentum
Updated 3 years ago · Custom licence GitHub repository of Acrypto - Weighted Strategy
285 stars

Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish

Strategy v4 Mean reversionCandlestick patterns
Updated 3 years ago · None stated GitHub repository of Mean Reversion Strategy
257 stars

This strategy calculates dynamic support and resistance levels using pivot highs and lows alongside a custom smoothed trend filter and a 3-period EMA. It identifies entry opportunities when price breaks out relative to the trend filter and short-term EMA cross

Strategy v5 TrendSupport & resistance Repaints
Updated 6 weeks ago · None stated GitHub repository of 30s - ES 1m Strategy Candle Bar

More strategys

Trade Your Charts With a Regulated Broker

Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.

Compare brokers