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
EMA Crossover Strategy treats a confirmed fast-over-slow cross as a long condition and a confirmed cross under as a short condition. Position size is a percentage of equity. Optional percent stop-loss and take-profit prices are stored from the average entry when a new long or short opens. Lengths, colors, cross markers, and whether the stop or target is used are adjustable.
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
9
fastLength
Slow EMA Length
int
21
slowLength
Position Size (%)
float
10.0
positionSize
Use Stop Loss
bool
true
useStopLoss
Stop Loss (%)
float
2.0
stopLossPercent
Use Take Profit
bool
true
useTakeProfit
Take Profit (%)
float
4.0
takeProfitPercent
Fast EMA Color
color
color.new(color.blue, 0)
fastEmaColor
Slow EMA Color
color
color.new(color.red, 0)
slowEmaColor
Show Cross Signals
bool
true
showCrossSignals
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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