OPEN-SOURCE SCRIPT
Rishi Heikin-Ashi Trend
High‑Level Purpose of Your Strategy
Your script is a Heikin‑Ashi trend‑following strategy that:
1. Enters trades when HA candles flip color
- Bullish flip → potential long
- Bearish flip → potential short
2. Confirms the flip using real‑price indicators
- EMA trend filter
- MACD histogram direction
- Optional RSI filter
3. Uses ATR‑based stop‑loss and take‑profit
- Risk‑based position sizing
- Optional exit on opposite HA flip
4. Adds visual clarity
- BUY/SELL tags
- Price labels
- Trend shading
- Performance label
It’s a complete, professional‑grade strategy.
Your script is a Heikin‑Ashi trend‑following strategy that:
1. Enters trades when HA candles flip color
- Bullish flip → potential long
- Bearish flip → potential short
2. Confirms the flip using real‑price indicators
- EMA trend filter
- MACD histogram direction
- Optional RSI filter
3. Uses ATR‑based stop‑loss and take‑profit
- Risk‑based position sizing
- Optional exit on opposite HA flip
4. Adds visual clarity
- BUY/SELL tags
- Price labels
- Trend shading
- Performance label
It’s a complete, professional‑grade strategy.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.