This strategy plots on the price chart and opens long or short positions when a weighted score from MACD, Stochastic RSI, RSI, Supertrend and a moving-average crossover exceeds a user-set trigger. Each component has its own weight and candle delay. Entries can
Strategy · Pine Script v5 · On the chart
Directional Movement Index Winner [Alorse]
Directional Movement Index Winner [Alorse] is a momentum and trend strategy that overlays a moving average on the price chart.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code61
Settings14inputs
LicenceNone stated
Last update2 months ago25 Aug 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
Directional Movement Index Winner [Alorse] calculates the Directional Movement Index (DI+, DI-, and ADX) alongside an optional Exponential or Simple Moving Average filter. Long entries trigger when DI+ remains above DI- for three consecutive bars, ADX exceeds a specified key level, price closes above the moving average, and the candle is bullish. Exits and short entries occur on the inverse conditions. An optional percentage-based stop loss is available, though it is disabled by default.
- DMI and ADX trend strength filtering
- Optional EMA or SMA trend filter
- Multi-bar confirmation for entries
- Optional percentage-based stop loss
- Configurable backtest date window
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Version | string | txtVer | version |
| Source | source | close | src |
| DI Length | int | 14 | len |
| ADX Smoothing | int | 13 | lensig |
| key level | int | 23 | keyLevel |
| ╔══════ Use MA ══════╗ | bool | true | hasMa |
| Type | string | EMA | maType |
| Length | int | 55 | maLen |
| Long entries | bool | true | showLong |
| Short entries | bool | false | showShort |
| Start time | time | timestamp("Feb 01 2021 23:59:59") | startTime |
| End time | time | timestamp("Feb 01 2099 23:59:59") | endTime |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ╔══════ Enable ══════╗ | bool | false | useSL |
| Percent | float | 10 | SLPercent |
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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