This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v5 · On the chart
Channel Momentum Suite
This strategy combines trend, volatility, and multi-oscillator filters to generate directional trades.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code26
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
26 lines of Pine Script v5 from apps/server/src/pine-corpus/channel_momentum_suite.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("Channel Momentum Suite", overlay=true)
almaLine = ta.alma(close, 21, 0.85, 6)
[kcBasis, kcUpper, kcLower] = ta.kc(close, 20, 1.5)
kcWidth = ta.kcw(close, 20, 1.5)
bbWidth = ta.bbw(close, 20, 2.0)
cmoLine = ta.cmo(close, 14)
mfiLine = ta.mfi(hlc3, 14)
wprLine = ta.wpr(14)
plot(almaLine)
plot(kcUpper)
plot(kcLower)
trendUp = close > almaLine and close > kcBasis
trendDown = close < almaLine and close < kcBasis
compression = kcWidth < bbWidth
longCondition = trendUp and compression and cmoLine > 0 and mfiLine > 50 and wprLine > -50
shortCondition = trendDown and compression and cmoLine < 0 and mfiLine < 50 and wprLine < -50
if (longCondition)
strategy.entry("Long", strategy.long)
if (shortCondition)
strategy.entry("Short", strategy.short)
Overview
Channel Momentum Suite calculates an Arnaud Legoux Moving Average (ALMA), Keltner Channels, Bollinger Band width, the Chande Momentum Oscillator (CMO), Money Flow Index (MFI), and Williams %R. Long trades enter when price sits above the ALMA and channel basis alongside volatility compression and positive oscillator alignment. Short entries mirror the setup downward. Drawn directly on the main chart, it features no dedicated stop-loss, take-profit, or configurable user inputs, relying entirely on signal reversals.
- ALMA and Keltner Channel trend tracking
- Volatility squeeze filter using Keltner and Bollinger bandwidth
- Multi-oscillator momentum confirmation via CMO, MFI, and WPR
- Direct price chart overlays for channels and moving average
Details
Published by
Snappni on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Volatility & bands, Moving averages
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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