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
Broken MACD Strategy
This strategy calculates a Moving Average Convergence Divergence (MACD) and signal line using 12 and 26-period simple moving averages requested from a fixed 5-minute timeframe.
Repaints
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code19
Settings0inputs
LicenceMIT
Last update2 weeks ago10 Oct 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
19 lines of Pine Script v5 from examples/broken_strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
// BROKEN STRATEGY — Contains repainting, look-ahead, and missing stop loss.
// Use this to test Strategy Forge: /strategy-forge audit examples/broken_strategy.pine
strategy("Broken MACD Strategy", overlay=true)
// BUG 1: Repainting — requesting lower timeframe data
fastMA = request.security(syminfo.tickerid, "5", ta.sma(close, 12))
slowMA = request.security(syminfo.tickerid, "5", ta.sma(close, 26))
macd = fastMA - slowMA
signal = ta.sma(macd, 9)
// BUG 2: Look-ahead bias — using close[0] for entry
if ta.crossover(macd, signal) and close > close[1]
strategy.entry("Long", strategy.long)
if ta.crossunder(macd, signal)
strategy.close("Long")
// BUG 3: No stop loss, no take profit, no risk management
Overview
Broken MACD Strategy enters a long position when the MACD line crosses above the signal line while the current bar close is higher than the previous bar close, and exits on a MACD crossunder. Designed as an example script for PineLint auditing, it intentionally lacks stop-loss protections and repaints live signals due to lower-timeframe security requests.
- MACD crossover entry conditions
- MACD crossunder exit triggers
- Fixed timeframe data polling
- PineLint audit test example
Details
Published by
KorroAi on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
Repository
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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