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 v6 · Own pane
Bull4Life Hunters with TP
A strategy version of an oscillator indicator built on a channel length, average length and short length.
GitHub stars1on the repository
Pine versionv6current
Lines of code243
Settings20inputs
LicenceNone stated
Last update6 months ago15 Apr 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
Bull4Life Hunters with TP opens long and short positions from the oscillator signals, uses 10 percent of equity per order and allows a very high pyramiding count, so many same-direction entries can stack. It scales out at five take-profit percentage levels per side and closes positions using long and short thresholds. No stop loss is set by default. Runs on a separate pane and includes slippage and commission settings.
- Oscillator-based long and short entries
- Five take-profit levels per side
- Close thresholds for longs and shorts
- Percent-of-equity position sizing
- Pyramiding up to 100 entries
Details
Published by
berryhill on GitHub
Type
Strategy, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- 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 |
|---|---|---|---|
| Channel Length | int | 27 | n1 |
| Average Length | int | 9 | n2 |
| Short length | int | 3 | n3 |
| Percentage Line Interval | int | 187 | n4 |
| Bottom Circle Level | int | 27 | bottom_level |
| Top Circle Level | int | 90 | top_level |
| Circle Count | int | 187 | count_length |
| Multi-exchange? | bool | false | multi |
| Close Short Threshold | int | 50 | closeShortThreshold |
| Close Long Threshold | int | 50 | closeLongThreshold |
| TP1 Long % | float | 2.0 | tp1_long |
| TP2 Long % | float | 4.0 | tp2_long |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| TP3 Long % | float | 6.0 | tp3_long |
| TP4 Long % | float | 8.0 | tp4_long |
| TP5 Long % | float | 10.0 | tp5_long |
| TP1 Short % | float | 2.0 | tp1_short |
| TP2 Short % | float | 4.0 | tp2_short |
| TP3 Short % | float | 6.0 | tp3_short |
| TP4 Short % | float | 8.0 | tp4_short |
| TP5 Short % | float | 10.0 | tp5_short |
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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