2 EMA/SMA + RSI Strategy [Alorse]: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
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

44 lines of Pine Script v4 from strategies/momentum/2 EMA:SMA + RSI.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

2 EMA:SMA + RSI.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © alorse

//@version=4
strategy("2 EMA/SMA + RSI Strategy [Alorse]", shorttitle="2 SMA + RSI STRTG [Alorse]", overlay=true, pyramiding=0, currency=currency.USD, default_qty_type=strategy.percent_of_equity, default_qty_value=100)

src = input(title="Source", type=input.source, defval=close)
ma_type1 = input(title="Type", type=input.string, defval="SMA", options=["EMA", "SMA"], group="Moving Average 1 (Fast)")
lenFast = input(10, minval=1, title="Periods", group="Moving Average 1 (Fast)")
ma_type2 = input(title="Type", type=input.string, defval="SMA", options=["EMA", "SMA"], group="Moving Average 2 (Slow)")
lenSlow = input(30, minval=1, title="Periods", group="Moving Average 2 (Slow)")
ma_type3 = input(title="Type", type=input.string, defval="EMA", options=["EMA", "SMA"], group="Moving Average 3 (Tendence)")
lenTend = input(200, minval=1, title="Periods", group="Moving Average 3 (Tendence)")
showCross = input(title="Show MA Cross", defval=true, group="Moving Averages")

// Calculate moving averages
maFast = ma_type1 == "EMA" ? ema(src, lenFast) : sma(src, lenFast)
maSlow = ma_type2 == "EMA" ? ema(src, lenSlow) : sma(src, lenSlow)
maTend = ma_type3 == "EMA" ? ema(src, lenTend) : sma(src, lenTend)

// Plot moving averages
plot(maFast, color=color.purple, title="Fast MA")
plot(maSlow, color=color.blue, title="Slow MA")
plot(maTend, color=color.yellow, title="Tendence MA", linewidth=2)

// Cross detect
cross_up = crossover(maFast , maSlow)
cross_down = crossunder(maFast , maSlow)
plot(showCross and cross_up or showCross and cross_down ? maFast : na, style=plot.style_cross, title="Cross", linewidth=2, color=color.white)

// RSI
len = input(8, minval=1, title="Length", group="RSI")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = rsi(src, len)


//Strategy Conditions
showShort = input(false, title="Show Short entries", group="Strategy")

long = maFast[1] > maSlow[1] and rsi[1] > 25 and rsi[1] < 40 and close[1] > open[1]
short = maFast[1] < maSlow[1] and rsi[1] < 75 and rsi[1] > 60 and close[1] < open[1]
strategy.entry("Long", true, when=long)
strategy.entry("Short", false, when=short)

Overview

2 EMA/SMA + RSI Strategy [Alorse] plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the slow moving average, the RSI falls within a specific pullback window, and a bullish candle closes. Short entries occur under inverse conditions. The strategy includes no default stop-loss or take-profit targets, holding positions until opposing entry signals occur.

Triple moving average display
RSI pullback filter
Configurable EMA or SMA calculation types
On-chart moving average crossover visualizer

Details

Published by

Alorse on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

strategies/momentum/2 EMA:SMA + RSI.pine

Repository

github.com/Alorse/pinescript-strategies. See its other scripts in the library

Topics

pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Source	`source`	`close`	`src`
Type	`string`	`SMA`	`ma_type1`
Periods	`int`	`10`	`lenFast`
Type	`string`	`SMA`	`ma_type2`
Periods	`int`	`30`	`lenSlow`
Type	`string`	`EMA`	`ma_type3`
Periods	`int`	`200`	`lenTend`
Show MA Cross	`bool`	`true`	`showCross`
Length	`int`	`8`	`len`
Show Short entries	`bool`	`false`	`showShort`

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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