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 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
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
3 EMA/SMA + Cross Strategy [Alorse] generates long entries when the fast EMA crosses above the slow EMA in the last 10 bars and satisfies additional trend EMA conditions on close and low. Short entries are disabled in the code. The strategy uses a user-defined percentage stop loss based on position average price and closes longs on fast-slow EMA crossunder. Settings allow adjustment of EMA lengths and cross-check bars. It draws signals directly on the chart with no separate pane.
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
Short Stop Loss (%)
float
99
SP
Fast EMA
int
10
lenFast
Slow EMA
int
20
lenSlow
Tendence EMA
int
100
lenTend
Check Cross in the last # candles
int
10
crossBack
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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