This strategy plots modified Bollinger Bands and an exponential moving average on the price chart. It watches for closes crossing the upper or lower band, optionally filtered by the EMA trend and extra crossover or crossunder checks. Long stops use the recent
Strategy · Pine Script v6 · On the chart
Pin Bar Strategy Developed
This Pine Script strategy detects pin bar patterns on the price chart using body size relative to ATR and shadow conditions for long and short signals.
GitHub stars1on the repository
Pine versionv6current
Lines of code224
Settings5inputs
LicenceNone stated
Last update3 weeks ago6 Oct 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
Pin Bar Strategy Developed applies engulfing candle confirmation and filters by EMA trend direction with volatility bands. Multiple trade state modes allow different entry and exit logic. The script plots signals directly on the chart and uses a configurable risk reward ratio for position sizing based on ATR.
- Pin Bar Detection
- Engulfing Confirmation
- EMA Trend Filter
- ATR Volatility
- State Mode Entries
Details
Published by
moonyroy on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Volatility & bands, Candlestick patterns, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| ATR length | int | 100 | atrLength |
| EMA length | int | 21 | emaLength |
| EMA source | source | close | emaSource |
| RR | int | 1 | RR |
| choose your state | string | state 1 | states |
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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