OPEN-SOURCE SCRIPT
Updated TQHQ Script
This is a TradingView Pine Script indicator that shows prompts directly inside the chart
It uses the 20 SMA and 200 SMA for signal logic
The script does not draw the SMA lines, because they can already be on the chart
On the 2-minute chart it looks for:
20>200 crossover
20<200 crossover
then a very large candle after the crossover to confirm the move
It gives:
ENTRY LONG when 20 SMA crosses above 200 SMA and a huge bullish candle appears above both SMAs
ENTRY SHORT when 20 SMA crosses below 200 SMA and a huge bearish candle appears below both SMAs
It only allows the entry signal within a small number of bars after the crossover
It also limits it to one entry per crossover so there is less noise
On the 5-minute chart it looks for a Super Candle
A Super Candle means:
the new candle is the opposite color of the previous one
it is bigger in body size
it closes past the previous candle’s open
optionally it can also break the previous high or low
The script only works during market hours
The goal is to show only stronger, cleaner entry setups and avoid too many weak prompts
It uses the 20 SMA and 200 SMA for signal logic
The script does not draw the SMA lines, because they can already be on the chart
On the 2-minute chart it looks for:
20>200 crossover
20<200 crossover
then a very large candle after the crossover to confirm the move
It gives:
ENTRY LONG when 20 SMA crosses above 200 SMA and a huge bullish candle appears above both SMAs
ENTRY SHORT when 20 SMA crosses below 200 SMA and a huge bearish candle appears below both SMAs
It only allows the entry signal within a small number of bars after the crossover
It also limits it to one entry per crossover so there is less noise
On the 5-minute chart it looks for a Super Candle
A Super Candle means:
the new candle is the opposite color of the previous one
it is bigger in body size
it closes past the previous candle’s open
optionally it can also break the previous high or low
The script only works during market hours
The goal is to show only stronger, cleaner entry setups and avoid too many weak prompts
Release Notes
New updateRelease Notes
newOpen-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.