This overlay strategy marks short-term turning points on the price chart and enters SPY option-style trades from them. It plots simple moving averages of highs and lows, draws up and down reversal arrows, and colors bars when a short-term extreme coincides wit
Strategy · Pine Script v6 · On the chart
Combined Buy and Sell Strategy 1-Min
A strategy meant for one-minute charts that buys when price is near a recent pivot low, RSI is below an oversold level, a hammer or bullish engulfing candle appears and price is above an EMA.
GitHub stars1on the repository
Pine versionv6current
Lines of code90
Settings7inputs
LicenceNone stated
Last update1 year ago27 May 2025
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
Sells mirror this near pivot highs with overbought RSI, bearish patterns and price below the EMA. EMA, RSI and pivot lengths, levels and tolerances are adjustable. It draws on the price chart; the visible code does not show exit rules.
- Hammer, shooting star and engulfing patterns
- Pivot-based support and resistance tolerance
- RSI overbought and oversold filter
- EMA trend filter
Details
Published by
AmanKumar87 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Candlestick patterns, Support & resistance, Scalping
Markets
Any symbol
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA Length | int | 21 | emaLength |
| RSI Length | int | 14 | rsiLength |
| Pivot Length | int | 5 | pivotLen |
| RSI Oversold Level | int | 30 | rsiOversold |
| Support Tolerance (%) | float | 0.5 | supportTolerance |
| RSI Overbought Level | int | 70 | rsiOverbought |
| Resistance Tolerance (%) | float | 0.5 | resistanceTolerance |
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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