EMA Crossover Scott Strategy v2: 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

125 lines of Pine Script v5 from Tradingview/ema-crossover-scott-strategy-v2-strategy.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

ema-crossover-scott-strategy-v2-strategy.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
strategy(title="EMA Crossover Scott Strategy v2 Strategy", overlay=true)

// @keywords: ema-crossover-scott, sma-ema-stack, swing-trailing-line, strategy-entries, strategy-exits, profit-target, stop-loss, trailing-stop, trading-session, long-short-trades, crossover-signals, crossunder-signals, buy-sell-arrows, bar-background, trend-line, multi-ma, position-management, ny-session, swing-levels, close-cross

//Strategy Inputs
useTradingHours = input.bool(false, title = " ", tooltip = "This is ignored if the chart timeframe is greater than or equal to the daily timeframe.", group = "Additional Trade Settings",inline = '1')
trading_time = input.session("0930-1555", title = "Trading Time", tooltip = "This uses Eastern Time Zone or U.S. NY Market Hours.", group = "Additional Trade Settings",inline = '1')
trading_hours_cond = not useTradingHours or time("",trading_time, "America/New_York")

long_trades = input.bool(true, title = "Long Trades", tooltip = "Do we want to take long trades?" , group = "Additional Trade Settings",inline = '2')
short_trades = input.bool(true, title = "Short Trades", tooltip = "Do we want to take short trades?" , group = "Additional Trade Settings",inline = '3')

use_profit_target = input.bool(true, title = "Profit Target", tooltip = "Do we want to use a profit target?" , group = "Additional Trade Settings",inline = '4')
pt_amount = input.float(5.00, minval = 0.00, maxval = 99.0, step = 0.25,  title = " ", group = "Additional Trade Settings", inline = '4')

use_stop = input.bool(true, title = "Stop", tooltip = "Do we want to use a hard stop loss?" , group = "Additional Trade Settings",inline = '5')
stop_amount = input.float(4.00, minval = 0.00, maxval = 99.0, step = 0.25, title = " ", group = "Additional Trade Settings", inline = '5')

use_trailing_stop = input.bool(true, title = "Trailing Stop", tooltip = "Do we want to use a trailing stop loss?" , group = "Additional Trade Settings",inline = '6')
trailing_stop_amount = input.float(2.50, minval = 0.00, maxval = 99.0, step = 0.25, title = " ", group = "Additional Trade Settings", inline = '6')

//SMA and EMA code
smaInput1 = input(9, title='SMA1')
smaInput2 = input(50, title='SMA2')
smaInput3 = input(180, title='SMA3')
emaInput1 = input(20, title='EMA1')
sma1 = ta.sma(close, smaInput1)
sma2 = ta.sma(close, smaInput2)
sma3 = ta.sma(close, smaInput3)
EMA1 = ta.ema(close, emaInput1)
plot(sma1, color=color.new(color.red, 0), title='SMA1')
plot(sma2, color=color.new(color.blue, 0), title='SMA2')
plot(sma3, color=color.new(color.white, 0), title='SMA3')
plot(EMA1, color=color.new(color.yellow, 0), title='EMA1')
no = input(3, title='BUY/SELL Swing')
Barcolor = input(false, title='BUY/SELL Bar Color')
Bgcolor = input(false, title='BUY/SELL Background Color')
res = ta.highest(high, no)
sup = ta.lowest(low, no)
iff_1 = close < sup[1] ? -1 : 0
avd = close > res[1] ? 1 : iff_1
avn = ta.valuewhen(avd != 0, avd, 0)
tsl = avn == 1 ? sup : res
Buy = ta.crossover(close, tsl) and close > sma3 and trading_hours_cond
Sell = ta.crossunder(close, tsl)  and close < sma3 and trading_hours_cond
plotshape(Buy, title='Buy', color=color.new(color.green, 0), style=shape.arrowup, location=location.belowbar, text='Buy')
plotshape(Sell, title='Sell', color=color.new(color.red, 0), style=shape.arrowdown, text='Sell')
colr = close >= tsl ? color.green : close <= tsl ? color.red : na
plot(tsl, color=colr, linewidth=3, title='BUY/SELL Chart Line')
barcolor(Barcolor ? color.new(colr,80) : na)
bgcolor(Bgcolor ? color.new(colr,80) : na)


//ENTRY CONDITIONS
long_entry = long_trades and Buy
long_exit = not short_trades and Sell

short_entry = short_trades and Sell and trading_hours_cond 
short_exit = not long_trades and Buy and trading_hours_cond

var long_price = 0.00
var short_price = 0.00

var long_mult = 0.00
var short_mult = 0.00

var short_profitTarget = 0.00
var long_profitTarget = 0.00

var short_StopPrice = 0.00
var long_StopPrice = 0.00

var short_trailStopPrice = 0.00
var long_trailStopPrice = 0.00

var short_stop = 0.00
var long_stop = 0.00


long_price := (strategy.position_size > 0) and (strategy.position_size[1] <= 0) ? open : (strategy.position_size > 0) ? math.max(high,long_price[1]) : na
short_price := (strategy.position_size < 0) and (strategy.position_size[1] >= 0) ? open : (strategy.position_size < 0) ? math.min(low,short_price[1]) : na    

long_mult := long_price / 100
short_mult := short_price / 100    

long_profitTarget := use_profit_target and (strategy.position_size > 0) ? strategy.position_avg_price + ((pt_amount/100) * strategy.position_avg_price) : 99999999
short_profitTarget := use_profit_target and (strategy.position_size < 0) ? strategy.position_avg_price - ((pt_amount/100) * strategy.position_avg_price) : 0.00000

short_StopPrice := strategy.position_avg_price + ((stop_amount/100) * strategy.position_avg_price)
long_StopPrice := strategy.position_avg_price - ((stop_amount/100) * strategy.position_avg_price)

short_trailStopPrice := short_price + trailing_stop_amount * short_mult
long_trailStopPrice := long_price - trailing_stop_amount * long_mult


if use_stop and use_trailing_stop
    short_stop := math.min(short_StopPrice, short_trailStopPrice)
    long_stop := math.max(long_StopPrice, long_trailStopPrice)
if use_stop and not use_trailing_stop
    short_stop := short_StopPrice
    long_stop := long_StopPrice 
if not use_stop and use_trailing_stop
    short_stop := short_trailStopPrice
    long_stop := long_trailStopPrice 
if not use_stop and not use_trailing_stop
    short_stop := 999999.99 
    long_stop := 0.00

//ORDERS
strategy.exit(id="LE", limit = long_profitTarget, stop = long_stop, comment = "TP/SL")
strategy.exit(id="SS_E", limit = short_profitTarget, stop = short_stop, comment = "TP/SL")

strategy.close("LE",when = long_exit, comment = "LX")
strategy.close("SS_E",when = short_exit, comment = "SS_X")

strategy.entry("LE", strategy.long,when = long_entry) 
strategy.entry("SS_E", strategy.short, when = short_entry) 

if useTradingHours and not time("",trading_time, "America/New_York")
    strategy.close_all(comment = 'TX')

Overview

EMA Crossover Scott Strategy v2 plots three simple moving averages and an exponential moving average directly on the price chart alongside buy and sell arrows. Long entries occur when the closing price crosses above the swing level while staying above the third SMA within specified session hours. The strategy manages exits through configurable fixed-amount profit targets, stop losses, and trailing stops.

Dynamic swing high and low trailing channel levels
Multi-moving average trend filter overlay
Session time filter for market hours
Configurable stop loss, profit target, and trailing stop

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

M15-H1

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

Tradingview/ema-crossover-scott-strategy-v2-strategy.pine

Repository

github.com/g-moe/Trading-Indicators. 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
	`bool`	`false`	`useTradingHours`
Trading Time	`session`	`0930-1555`	`trading_time`
Long Trades	`bool`	`true`	`long_trades`
Short Trades	`bool`	`true`	`short_trades`
Profit Target	`bool`	`true`	`use_profit_target`
	`float`	`5.00`	`pt_amount`
Stop	`bool`	`true`	`use_stop`
	`float`	`4.00`	`stop_amount`
Trailing Stop	`bool`	`true`	`use_trailing_stop`
	`float`	`2.50`	`trailing_stop_amount`
SMA1	`int`	`9`	`smaInput1`
SMA2	`int`	`50`	`smaInput2`

Show all 17 settings

Setting	Type	Default	Variable
SMA3	`int`	`180`	`smaInput3`
EMA1	`int`	`20`	`emaInput1`
BUY/SELL Swing	`int`	`3`	`no`
BUY/SELL Bar Color	`bool`	`false`	`Barcolor`
BUY/SELL Background Color	`bool`	`false`	`Bgcolor`

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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