HA UnivLong&Short Futures calculates Heikin Ashi candles and builds a channel using simple moving averages of Heikin Ashi highs and lows. It enters long positions when the upper channel line crosses above the lower channel line and opens short positions on the
Strategy · Pine Script v4 · Own pane
Ribbon
A very small Pine v4 strategy that plots simple moving averages of 5, 8 and 13 bars, each rounded to two decimals, in a separate pane.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code17
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update3 months ago18 Jul 2026
Add It to Your TradingView Chart
- 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
17 lines of Pine Script v4 from Denali.V1/PineScript.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © MelonLordRoberts
//@version=4
strategy("Ribbon")
sma5 = round(sma(close, 5)*100)/100
sma8 = round(sma(close, 8)*100)/100
sma13 = round(sma(close, 13)*100)/100
plot(sma5, color=color.blue)
plot(sma8, color=color.green)
plot(sma13, color=color.orange)
if (sma5 == sma8 and sma8 == sma13 and sma13 == sma5)
strategy.order("buy", strategy.long, when = strategy.position_size <= 50)
strategy.order("sell", strategy.long)
Overview
When all three rounded values are exactly equal, which will be rare, it sends one buy order and a second order that is also long. There are no inputs, no short entries, no stop loss and no take profit. It reads as an early experiment rather than a complete trading system.
- SMA 5, 8 and 13 ribbon
- Orders only when all three averages are equal
- No inputs, stop loss or take profit
Details
Published by
FranklyBrandon on GitHub
Code credit
MelonLordRoberts, as written in the script's header
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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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