EMA+BB+ADX+AO: Free TradingView Strategy (Pine Script)

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

96 lines of Pine Script v5 from crypto/ema-bb-adx-ao/strat.pine, published under GPL-2.0. Keep the author's credit and licence lines when you reuse it.

strat.pine

//@version=5
//https://github.com/mr-s8

strategy("ema+bb%b+adx+ao", overlay=true, initial_capital=1000, default_qty_value=10, default_qty_type= strategy.percent_of_equity)

//inputs
takeprofit=input.float(defval = 1.0 , title = "Take-Profit", minval = 0.1 , maxval = 4 , step = 0.1 )/100
stoploss=input.float(defval = 2.0 , title = "Stop-Loss", minval = 0.1 , maxval = 4 , step = 0.1 )/100


ema5_len=input(5,title="EMA fastest")
ema21_len=input(21,title="EMA fast")
ema50_len=input(50,title="EMA slow")
ema200_len=input(200,title="EMA slowest")         

bboversold=input(0.25, title="BB Oversold")
bboverbrought = input(0.75, title="BB Overbrought")

aooversold=input(-2.00,title="A0 Below for Shorts")
aooverbrought=input(2.00,title="AO Above for longs")

adxvalue=input(15,title="ADX LEVEL TO STAY ABOVE")
//not that important:
adxlen = input(14, title="(ADX Smoothing)")
dilen = input(14, title="(DI Length)")




//Indicator code
//4 Ema's
ema5=ta.ema(close,ema5_len)
ema21=ta.ema(close,ema21_len)
ema50=ta.ema(close,ema50_len)
ema200=ta.ema(close,ema200_len)
// BB (code from tradingview)
basis=ta.sma(close,20)
dev = 2 * ta.stdev(close,20)
upper=basis+dev
Lower=basis-dev
bbr=(close - Lower)/(upper - Lower)
// AO (code from tradingview)
ao = ta.sma(hl2,5) - ta.sma(hl2,34)
// ADX (code from tradingview)
dirmov(len) =>
    up = ta.change(high)
    down = -ta.change(low)
    plusDM = na(up) ? na : (up > down and up > 0 ? up : 0)
    minusDM = na(down) ? na : (down > up and down > 0 ? down : 0)
    truerange = ta.rma(ta.tr, len)
    plus = fixnan(100 * ta.rma(plusDM, len) / truerange)
    minus = fixnan(100 * ta.rma(minusDM, len) / truerange)
    [plus, minus]
adx(dilen, adxlen) =>
    [plus, minus] = dirmov(dilen)
    sum = plus + minus
    adx = 100 * ta.rma(math.abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
sig = adx(dilen, adxlen)
// End of ADX and DI Code
//End of Indicators

//Plotting
plot(ema5,title="EMA5",color=color.blue)
plot(ema21,title="EMA21",color=color.purple)
plot(ema50,title="EMA50",color=color.yellow)
plot(ema200,title="EMA200",color=color.white)

plot(ao, title="ao value")

plot(sig, color=color.red, title="ADX")

plot(bbr,title="BB Value", color=color.green, linewidth=2, style=plot.style_line)
//logic
aolong=ao > aooverbrought
aoshort=ao < aooversold

bblong = bbr > bboverbrought
bbshort = bbr < bboversold

ema_long = ema5>ema21 and ema50>ema200 
ema_short = ema5<ema21 and ema50<ema200 

adxlongshort=sig >adxvalue

notintrade=strategy.position_size<=0


//execution

if ema_long and bblong and aolong and adxlongshort and notintrade
    strategy.entry("long", strategy.long)
strategy.exit(id="tpsllong", from_entry="long", limit = strategy.position_avg_price*(1+takeprofit), stop =strategy.position_avg_price*(1-stoploss))

if ema_short and bbshort and aoshort and adxlongshort and notintrade
    strategy.entry("short", strategy.short)
strategy.exit("exit", "short", limit = strategy.position_avg_price*(1-takeprofit), stop =strategy.position_avg_price*(1+stoploss))

Overview

EMA+BB+ADX+AO generates long entries when EMA alignment, BB expansion, AO strength and ADX trend strength align, then exits using a percentage-based take profit and stop loss relative to the average entry price. Short signals follow the opposite conditions. Main settings adjust EMA lengths, BB overbought/oversold levels, AO thresholds, ADX filter value and smoothing parameters. It draws directly on the price chart and limits positions to one at a time.

EMA crossover alignment
Bollinger Band signals
Awesome Oscillator filter
ADX trend strength
Long short entries

Details

Published by

mr-s8 on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Crypto

Timeframes

Any timeframe

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

crypto/ema-bb-adx-ao/strat.pine

Repository

github.com/mr-s8/trading-strategies. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Take-Profit	`float`	`1.0`	`takeprofit`
Stop-Loss	`float`	`2.0`	`stoploss`
EMA fastest	`int`	`5`	`ema5_len`
EMA fast	`int`	`21`	`ema21_len`
EMA slow	`int`	`50`	`ema50_len`
EMA slowest	`int`	`200`	`ema200_len`
BB Oversold	`float`	`0.25`	`bboversold`
BB Overbrought	`float`	`0.75`	`bboverbrought`
A0 Below for Shorts	`float`	`-2.00`	`aooversold`
AO Above for longs	`float`	`2.00`	`aooverbrought`
ADX LEVEL TO STAY ABOVE	`int`	`15`	`adxvalue`
(ADX Smoothing)	`int`	`14`	`adxlen`

Show all 13 settings

Setting	Type	Default	Variable
(DI Length)	`int`	`14`	`dilen`

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.

Similar Pine Scripts

StochRSI + Supertrend Strategy [Alorse]

by Alorse

330

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 v4 TrendOscillators & momentum

Updated 2 months ago · None stated

3 x EMA + Stochastic RSI + ATR

by hasnocool

106

This trading strategy combines three Exponential Moving Averages (8, 14, and 50 periods by default) with Stochastic RSI and Average True Range (ATR). It enters a long position when EMA 1 is above EMA 2, EMA 2 is above EMA 3, and the Stochastic RSI %K line cros

Strategy v4 TrendOscillators & momentum

Updated 2 years ago · GPL-3.0

Momentum Rider DAILY FINAL

by greenpeas007

58

This strategy combines exponential moving averages (EMA 9, 21, 50), RSI, MACD, and Supertrend indicators to enter long positions. It triggers trades using six dynamic setups based on momentum breakouts, EMA crossovers, and pullbacks. Position sizing is compute

Strategy v6 TrendOscillators & momentum Repaints

Updated 4 months ago · Custom licence

CombinedBinHAndClucV6

by viktors1982

36

CombinedBinHAndClucV6 is a trading strategy based on the popular BinHV45 and ClucMay72018 algorithms. It calculates dual Bollinger Bands, Exponential Moving Averages, Relative Strength Index, Average True Range, and volume metrics across primary and one-hour h

Strategy v4 Volatility & bandsOscillators & momentum Repaints

Updated 2 years ago · None stated

BB Swing

by benso87

24

This strategy calculates Bollinger Bands, a configurable moving average slope, Stochastic RSI, ATR, and ADX directly on the price chart. It evaluates trend bias and momentum conditions to generate long and short swing entries using percent-of-equity sizing. Th

Strategy v5 Volatility & bandsOscillators & momentum

Updated 4 years ago · MPL-2.0

Ruckard ABCBitcoin TradingLatino A010

by ruckard

13

This strategy trades long and short on the price chart using a multi-timeframe TradingLatino setup. It requires EMA 10 to cross or sit above or below EMA 55 on the one-hour, four-hour, and daily charts, together with a positive ADX slope, a directional monitor

Strategy v5 TrendMoving averages

Updated 1 year ago · None stated

More strategys

EMA+BB+ADX+AO