Strategy · Pine Script v5 · On the chart

EMA Crossover Trend Following

by AlnurM

This strategy plots a fast and a slow exponential moving average on the price chart and shades the background by which average is higher.

View on GitHub

GitHub stars3on the repository
Pine versionv5runs as is
Lines of code34
Settings3inputs
LicenceMIT
Last update7 months ago22 Mar 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

34 lines of Pine Script v5 from references/pinescript-examples/trend-following.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

trend-following.pine
//@version=5
strategy("EMA Crossover Trend Following", overlay=true, initial_capital=10000, default_qty_type=strategy.percent_of_equity, default_qty_value=100, commission_type=strategy.commission.percent, commission_value=0.1)

// === INPUTS ===
fastLength = input.int(10, "Fast EMA Period", minval=1, maxval=200)
slowLength = input.int(50, "Slow EMA Period", minval=1, maxval=500)
stopLossPercent = input.float(2.0, "Stop Loss %", minval=0.1, maxval=20.0, step=0.1)

// === INDICATORS ===
fastEMA = ta.ema(close, fastLength)
slowEMA = ta.ema(close, slowLength)

// === SIGNALS ===
longCondition = ta.crossover(fastEMA, slowEMA)
shortCondition = ta.crossunder(fastEMA, slowEMA)

// === EXECUTION ===
if longCondition
    strategy.entry("Long", strategy.long)

if shortCondition
    strategy.close("Long")

// Stop loss
if strategy.position_size > 0
    stopPrice = strategy.position_avg_price * (1 - stopLossPercent / 100)
    strategy.exit("Stop Loss", "Long", stop=stopPrice)

// === PLOTTING ===
plot(fastEMA, "Fast EMA", color=color.blue, linewidth=2)
plot(slowEMA, "Slow EMA", color=color.red, linewidth=2)

// Background color for trend direction
bgcolor(fastEMA > slowEMA ? color.new(color.green, 90) : color.new(color.red, 90))

Overview

EMA Crossover Trend Following enters a long position when the fast average crosses above the slow average and closes that long when the fast average crosses back below. Position size is a percentage of equity, and a percentage stop sits below the average entry price. Settings change both average lengths and the stop distance. It does not open short trades.

Details

Published by

AlnurM on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages

Markets

Any symbol

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.

SettingTypeDefaultVariable
Fast EMA Periodint10fastLength
Slow EMA Periodint50slowLength
Stop Loss %float2.0stopLossPercent
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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