Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s
Strategy · Pine Script v5 · On the chart
EMA Crossover
This strategy plots a fast and a slow exponential moving average on the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code29
Settings4inputs
LicenceGPL-2.0
Last update2 years ago10 Mar 2024
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
29 lines of Pine Script v5 from crypto/ema-crossover/strat.pine, published under GPL-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("EMA Crossover", overlay=true)
// Input parameters
ema_fast_length = input.int(5, title="Fast EMA Length")
ema_slow_length = input.int(21, title="Slow EMA Length")
take_profit_percent = input.float(1.0, title="Take Profit (%)", minval=0.1, maxval=4.0, step=0.1) / 100
stop_loss_percent = input.float(2.0, title="Stop Loss (%)", minval=0.1, maxval=4.0, step=0.1) / 100
// Calculate EMAs
ema_fast = ta.ema(close, ema_fast_length)
ema_slow = ta.ema(close, ema_slow_length)
// Plot EMAs
plot(ema_fast, color=color.blue, title="Fast EMA")
plot(ema_slow, color=color.red, title="Slow EMA")
// Crossing condition
long_condition = ta.crossover(ema_fast, ema_slow)
short_condition = ta.crossunder(ema_fast, ema_slow)
// Entry and exit strategy
if (long_condition)
strategy.entry("Buy", strategy.long)
strategy.exit("TP/SL", "Buy", limit=close * (1 + take_profit_percent), stop=close * (1 - stop_loss_percent))
if (short_condition)
strategy.entry("Sell", strategy.short)
strategy.exit("TP/SL", "Sell", limit=close * (1 - take_profit_percent), stop=close * (1 + stop_loss_percent))
Overview
EMA Crossover enters long when the fast average crosses above the slow average and short when it crosses below. Each entry sets a percentage take profit and stop loss from the close of the signal bar. The main settings change both average lengths and the take-profit and stop-loss percentages. It does not reverse or close a position except through those exits or an opposite entry.
- Fast and slow EMA plots
- Crossover long entries
- Crossunder short entries
- Percentage take profit
- Percentage stop loss
Details
Published by
mr-s8 on GitHub
Type
Draws
On the price chart
Category
Markets
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA Length | int | 5 | ema_fast_length |
| Slow EMA Length | int | 21 | ema_slow_length |
| Take Profit (%) | float | 1.0 | take_profit_percent |
| Stop Loss (%) | float | 2.0 | stop_loss_percent |
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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