by 
MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v4 · Own pane
Alpy Spot
Alpy Spot is an oscillator and trend strategy that calculates a WaveTrend indicator alongside a multi-timeframe 60-minute Volume Weighted Moving Average (VWMA) with percentage band offsets.
Repaints
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code86
Settings2inputs
LicenceNone stated
Last update7 months ago5 Mar 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
Alpy Spot plots WaveTrend lines, overbought and oversold threshold levels, and crossover visual signals in a separate pane. The strategy enters long positions when the WaveTrend line crosses above its signal line below a predefined oversold boundary within a specified date window. Positions exit on a downward WaveTrend cross or when price falls 1% below the average entry price. Inputs control upper and lower band offset percentages.
- WaveTrend oscillator calculation
- Multi-timeframe 60-minute VWMA with band offsets
- Time window backtesting range filter
- Percentage drawdown exit condition
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy can add several entries in the same direction
- 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 |
|---|---|---|---|
| Short Offset | float | 3.0 | upperBandValue |
| Long Offset | float | 3.0 | lowerBandValue |
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.
Similar Pine Scripts
This strategy calculates the Moving Average Convergence Divergence indicator and plots the MACD line, signal line, and histogram in a separate pane. It enters long positions when the MACD line crosses above the signal line and enters short positions when it cr
8D Run is a Pine Script momentum strategy inspired by Linda Bradford Raschke. It tracks consecutive price closes relative to a 5-period Simple Moving Average (SMA). When price remains above the SMA for 8 or more bars and then dips below it, the strategy enters
This strategy plots a MACD oscillator in a separate pane and trades Bitcoin futures from zero-line and signal-line crosses. Optional early momentum signals, a volume filter, and a trend moving-average filter can confirm entries. It sizes positions as fixed con
This Pine Script strategy calculates Bayesian probabilities of price breaking up or down relative to Bollinger Bands and a Simple Moving Average. It plots these breakout and breakdown probability lines as oscillators in a separate pane. Long entries trigger wh
This strategy combines Bollinger Bands, Bollinger Band Width, and the Relative Strength Index (RSI) for mean-reversion trades. It enters long when price crosses below the lower band with oversold RSI, or when band width contracts under low volatility. Short en
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers