This script provides an indicator-based backtesting engine framework that simulates trade entries, exits, and filtering directly on the price chart. It evaluates selected entry rules and multi-layered filters, including moving average trends, volume increases,
Indicator · Pine Script v5 · On the chart
Xiaotang System V5.0
Xiaotang System V5.0 is a price-chart overlay indicator that identifies momentum breakouts across moving averages and session VWAP.
Repaints
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code112
Settings3inputs
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Xiaotang System V5.0 computes Heikin-Ashi price data, 50-period and 200-period SMAs, and intraday VWAP while monitoring 5-minute higher-timeframe support and resistance levels. Signals generate during volume and body-size bursts crossing key dynamic levels, subject to user-defined cooldown periods and profit space calculations. Dynamic target levels scale automatically for assets like SPY and QQQ. Multi-timeframe requests may repaint open bars.
- Heikin-Ashi moving averages and session VWAP
- Multi-timeframe 5-minute support and resistance tracking
- Volume and body-size burst breakout detection
- Adaptive price scaling and signal cooldown mechanism
Details
Published by
TUSKIJAY on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Support & resistance
Markets
Stocks, Indices
Timeframes
M1-M5, M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 最小获利空间 (基准点数) | float | 2.0 | base_min_space |
| 止盈提前量 (基准点数) | float | 0.5 | base_tp_offset |
| 信号冷却期 (Bar数) | int | 10 | cd_bars |
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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