This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v5 · On the chart
Double EMA Crossover
The Double EMA Crossover strategy plots a fast 9-period EMA and slow 21-period EMA on the price chart with a 200-period trend EMA filter.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code60
Settings12inputs
LicenceNone stated
Last update8 months ago4 Mar 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
Double EMA Crossover generates long signals on golden crosses when price exceeds the trend EMA and MACD is bullish, and short signals on death crosses under the same conditions. Entries use 10 percent of equity capital. Stop loss is set with ATR multiplier and take profit follows a risk-reward ratio. Positions trail with ATR and close on opposite cross or exit rules. Settings control EMA periods, MACD parameters, ATR length, and risk-reward.
- Double EMA crossover
- 200 EMA trend filter
- MACD confirmation
- ATR stop loss
- Risk reward ratio
Details
Published by
Basant1Saini on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
H4 and above
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 9 | fastLen |
| Slow EMA | int | 21 | slowLen |
| Trend EMA (200) | int | 200 | trendLen |
| Use 200 EMA Trend Filter | bool | true | useTrend |
| Use MACD Confirmation | bool | true | useMACD |
| MACD Fast | int | 12 | macdFast |
| MACD Slow | int | 26 | macdSlow |
| MACD Signal | int | 9 | macdSignal |
| ATR Length | int | 14 | atrLen |
| ATR Multiplier (SL) | float | 2.0 | atrMult |
| Risk:Reward | float | 2.0 | rrRatio |
| Trailing ATR Multiplier | float | 2.5 | trailATR |
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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