by 
This strategy overlays three exponential moving averages on the price chart, with periods of 9, 50, and 200. It calculates a MACD histogram from a 1-minute timeframe, applies Bollinger Bands to the histogram, and tracks two RSI oscillators of different lengths
Strategy · Pine Script v5 · On the chart
5min Scalping EMA50, EMA200, MACD
This strategy calculates 50-period and 200-period exponential moving averages alongside a standard Moving Average Convergence Divergence (MACD) oscillator.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code46
Settings10inputs
LicenceNone stated
Last update4 years ago28 Aug 2022
Add It to Your TradingView Chart
- 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
5min Scalping EMA50, EMA200, MACD plots the moving averages and the MACD histogram directly on the price chart. The strategy opens a long position when the MACD histogram falls to or below -40, and opens a short position when it reaches or exceeds 40. Moving average crosses are calculated but not used in the entry logic. It contains no predefined stop-loss, take-profit, or independent exit conditions, relying entirely on opposing entry signals to reverse positions.
- MACD histogram threshold entries
- EMA 50 and EMA 200 trend plots
- Configurable MACD smoothing types
- Overlay histogram visualization
Details
Published by
tepbuphatakim on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, Scalping
Markets
Crypto
Timeframes
M1-M5
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast Length | int | 12 | fast_length |
| Slow Length | int | 26 | slow_length |
| Source | source | close | src |
| Signal Smoothing | int | 9 | signal_length |
| Oscillator MA Type | string | EMA | sma_source |
| Signal Line MA Type | string | EMA | sma_signal |
| Above Grow | color | #26A69A | col_grow_above |
| Fall | color | #B2DFDB | col_fall_above |
| Below Grow | color | #FFCDD2 | col_grow_below |
| Fall | color | #FF5252 | col_fall_below |
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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