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
BWC Momentum v5
A long-only strategy for stocks that enters when the close is above both a 50-period and a 200-period SMA, RSI is above a set minimum, volume exceeds a multiple of its average, price has stayed above the 50 SMA for several bars and dollar volume passes a floor.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code88
Settings10inputs
LicenceCustom licence
Last update5 months ago3 May 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
BWC Momentum v5 exits when the close drops below the 50 SMA. There is no stop loss, orders are fixed-size and not stacked, and alert messages carry a webhook payload.
- SMA 50 and 200 trend filters
- RSI and volume-ratio momentum checks
- Persistence count above the SMA
- Exit on close below the SMA
- Webhook alert payload for each order
Details
Published by
tonimaxx on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum
Markets
Stocks
Timeframes
H4 and above
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingalgotradingalpacaanthropic-claudebacktestingccxtcryptooptions-tradingpine-scriptpython
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| SMA length | int | 50 | sma_len |
| Long-term SMA length | int | 200 | long_sma_len |
| RSI length | int | 14 | rsi_len |
| RSI minimum | float | 60 | rsi_min |
| Volume / avg ratio min | float | 1.2 | vol_ratio_min |
| Bars above SMA required | int | 3 | bars_above_min |
| Min dollar volume (50d avg) | float | 20000000 | min_dollar_volume |
| Alert qty (shares) | int | 10 | order_qty |
| Strategy id (sent in payload) | string | momentum_v5 | strategy_id |
| Shared secret (must match TV_WEBHOOK_SECRET) | string | REPLACE_ME | shared_secret |
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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