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
Xiao Tang System v2 Strategy
This strategy translates Python backtesting logic into Pine Script for intraday momentum trading.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code338
Settings4inputs
LicenceNone stated
Last updateyesterday27 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
Xiao Tang System v2 Strategy calculates forced Heikin-Ashi candles and 1-minute moving averages to evaluate market trends and assign a signal strength score from 0 to 10. Entries execute when the score meets the user-defined minimum threshold. Exits follow an adaptive priority chain combining consecutive trend-following take-profit bars, time-based stops, and a 10-period moving average exit. Inputs allow users to select strict, moderate, or loose parameter profiles and adjust time-stop durations. It overlays directly on the main price chart.
- Heikin-Ashi calculations for trend evaluation
- Signal strength scoring mechanism to filter trades
- Adaptive exit chain with time stops and moving average exits
- Preset strict, moderate, and loose profile parameters
Details
Published by
TUSKIJAY on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages, Scalping
Markets
Stocks, Indices
Timeframes
M1-M5, M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Profile | string | loose | i_profile |
| TP Bars (0=disabled) | int | 2 | i_tp_bars |
| Time Stop Bars (0=disabled) | int | 5 | i_time_stop |
| Min Signal Score | int | 3 | i_min_score |
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
This strategy generates trading signals on the 5-minute price chart using Williams Fractals for trend reversals, combined with EMA fast and slow trend filters and optional RSI confirmation. Long entries trigger on bullish fractals aligned with rising EMA and R
This strategy trades EUR/USD on the price chart using a fast and slow exponential moving average crossover filtered by RSI. It enters long when the fast EMA crosses above the slow EMA while RSI is above 50 and below the overbought level, and enters short on th
Gold Scalping BOS & CHoCH with MA Filter is a strategy that identifies market structure shifts using Break of Structure (BOS) and Change of Character (CHoCH) signals alongside exponential moving average trend filters. Long trades enter when bullish BOS, bullis
This strategy plots on the price chart and enters from a moving-average filter, ADX and Gann colours. Price above a 200-period EMA allows only longs; price below allows only shorts. A Gann aqua colour with ADX above a key level opens a long, and a Gann brown c
This long-only strategy calculates three exponential moving averages with lengths of 50, 100, and 150 periods, plotting them directly on the price chart. It also calculates a 14-period RSI and MACD. The strategy opens long positions when the moving averages al
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers