HalfTrend Strategy Indicator Pinescript

These strategies are for demonstration purposes only and are not intended for actual trading. Saanmi Capital is not responsible for any profit or loss arising from the use of these sample strategies.

//@version=5
strategy(“Half Trend Strategy”, overlay=true)

// Input parameters
ma_length = input.int(20, title=”Moving Average Length”)
target_points = input.int(100, title=”Target Points”)
stop_loss_points = input.int(50, title=”Stop Loss Points”)

// Calculate Moving Average
ma = ta.sma(close, ma_length)

// Determine trend
trend_up = close > ma
trend_down = close < ma

// Strategy logic
long_condition = trend_up and trend_up[1] == false
short_condition = trend_down and trend_down[1] == false

// Plot Moving Average
plot(ma, color=color.blue, title=”Moving Average”)

// Strategy entry
if long_condition
strategy.entry(“Long”, strategy.long)
if short_condition
strategy.entry(“Short”, strategy.short)

// Calculate target and stop loss levels
long_target = strategy.position_avg_price + target_points
long_stop_loss = strategy.position_avg_price – stop_loss_points
short_target = strategy.position_avg_price – target_points
short_stop_loss = strategy.position_avg_price + stop_loss_points

// Strategy exit
strategy.exit(“Long Exit”, “Long”, limit=long_target, stop=long_stop_loss)
strategy.exit(“Short Exit”, “Short”, limit=short_target, stop=short_stop_loss)