This strategy calculates and plots 9, 21, 50, 90, and 200-period Simple Moving Averages on the main price chart. It constructs a modified On-Balance Volume (OBV) metric and calculates a MACD oscillator based on this custom volume series rather than price. Long
Strategy · Pine Script v5 · On the chart
AlgoBot Strategy
A strategy that approximates a trading bot's entry and exit rules in three modes: EMA 8 and 21 momentum with ADX and a volume surge, relative-volume momentum, and a daily SuperTrend trend rider using a daily EMA, ADX and consecutive green days.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code274
Settings27inputs
LicenceNone stated
Last update6 weeks ago14 Sep 2026
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
Exits include an ATR trailing stop, a SuperTrend flip, three staged percentage targets and a maximum holding time. It allows up to five entries in the same direction. A filter status table and signal markers can be shown on the chart.
- Momentum, RVOL and trend rider entry modes
- ATR trailing stop with staged targets
- Daily timeframe SuperTrend and ADX filters
- Filter status table and signal markers
Details
Published by
femibol on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- The strategy can add several entries in the same direction
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 8 | mom_fast |
| Slow EMA | int | 21 | mom_slow |
| Min ADX | int | 20 | mom_adx_min |
| Volume Surge x | float | 1.3 | mom_vol_surge |
| Min RVOL | float | 1.5 | rvol_min |
| RVOL Lookback Bars | int | 20 | rvol_lookback |
| SuperTrend Period | int | 7 | tr_st_period |
| SuperTrend Multiplier | float | 3.0 | tr_st_mult |
| Daily EMA Period | int | 20 | tr_ema_period |
| Daily ADX Min | int | 20 | tr_adx_min |
| Min Green Days | int | 2 | tr_green_days |
| Trailing Stop ATR Mult | float | 1.5 | trail_atr_mult |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Hold Bars (0=disabled) | int | 80 | max_hold_bars |
| Show Momentum Signals | bool | true | show_momentum |
| Show RVOL Signals | bool | true | show_rvol |
| Show Trend Rider Signals | bool | true | show_trend |
| Show EMA Lines | bool | false | show_emas |
| Show SuperTrend Line | bool | true | show_st_line |
| Show RVOL Background Shading | bool | false | show_rvol_bg |
| Show Filter Status Table | bool | true | show_table |
| Target 1 % | float | 2.0 | pt_target1_pct |
| Target 2 % | float | 4.0 | pt_target2_pct |
| Target 3 % | float | 8.0 | pt_target3_pct |
| Close % at T1 | float | 25.0 | pt_close1_pct |
| Close % at T2 | float | 25.0 | pt_close2_pct |
| Close % at T3 | float | 25.0 | pt_close3_pct |
| Show Rejection Markers (noisy) | bool | false | show_rejections |
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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