2 EMA/SMA + RSI Strategy [Alorse] combines three configurable moving averages with a short-period Relative Strength Index filter. It plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the
Strategy · Pine Script v5 · On the chart
Block Function Loop Score
This strategy calculates a rolling price-change momentum score using a custom iterative loop function combined with exponential moving averages.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code21
Settings0inputs
LicenceMIT
Last update4 months ago6 Jun 2026
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
21 lines of Pine Script v5 from apps/server/src/pine-corpus/block_function_loop_score.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("Block Function Loop Score", overlay=true)
f_score(src, len) =>
total = 0.0
for i = 0 to len - 1
total := nz(total) + nz(src[i] - src[i + 1])
total
score = f_score(close, 6)
fast = ta.ema(close, 9)
slow = ta.ema(close, 21)
longCondition = score > 0 and fast > slow
shortCondition = score < 0 and fast < slow
if (longCondition)
strategy.entry("Long", strategy.long)
if (shortCondition)
strategy.entry("Short", strategy.short)
Overview
Block Function Loop Score measures net price movement across six bars alongside a 9-period and 21-period EMA crossover. Long positions are entered when the momentum score is positive and the fast EMA is above the slow EMA, while short positions are entered under opposite conditions. Drawn directly on the price chart, the strategy operates without configurable user inputs, stop-loss orders, or take-profit targets, reversing positions purely on opposing signals.
- Loop-based cumulative price change momentum calculation
- Dual EMA trend filter using 9 and 21 periods
- Automated long and short entry conditions
- Direct overlay on the main price chart
Details
Published by
Snappni on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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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