Strategy · Pine Script v5 · On the chart

EMA Ribbon (9/21/55) - Eterna

by EternaHybridExchange

EMA Ribbon (9/21/55) is a TradingView strategy that calculates three exponential moving averages with periods 9, 21 and 55.

View on GitHub

GitHub stars9on the repository
Pine versionv5runs as is
Lines of code63
Settings7inputs
LicenceMIT
Last update7 months ago12 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

63 lines of Pine Script v5 from strategies/trend-following/ema-ribbon/strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

strategy.pine
//@version=5
strategy("EMA Ribbon (9/21/55) - Eterna", 
         overlay=true, 
         initial_capital=10000,
         default_qty_type=strategy.percent_of_equity, 
         default_qty_value=10,
         commission_type=strategy.commission.percent,
         commission_value=0.075)

// ==================== Parameters ====================
emaFast = input.int(9, "Fast EMA", minval=1)
emaMid = input.int(21, "Mid EMA", minval=1)
emaSlow = input.int(55, "Slow EMA", minval=1)
leverage = input.int(5, "Leverage", minval=1, maxval=100)
positionSize = input.float(0.01, "Position Size", minval=0.001, step=0.001)

// Eterna Webhook Settings
enableWebhook = input.bool(true, "Enable Webhook Alerts", group="Webhook")
webhookMessage = input.string('{"action":"{{strategy.order.action}}", "symbol":"{{ticker}}", "size":' + str.tostring(positionSize) + ', "leverage":' + str.tostring(leverage) + '}', 
                               "Webhook JSON", 
                               group="Webhook")

// ==================== Indicators ====================
ema9 = ta.ema(close, emaFast)
ema21 = ta.ema(close, emaMid)
ema55 = ta.ema(close, emaSlow)

// ==================== Entry Conditions ====================
// Bullish: All EMAs aligned (9 > 21 > 55) and price crosses above fast EMA
bullishAlignment = ema9 > ema21 and ema21 > ema55
longCondition = bullishAlignment and ta.crossover(close, ema9)

// Bearish: All EMAs aligned (9 < 21 < 55) and price crosses below fast EMA
bearishAlignment = ema9 < ema21 and ema21 < ema55
shortCondition = bearishAlignment and ta.crossunder(close, ema9)

// Exit when alignment breaks
exitLong = ta.crossunder(ema9, ema21)
exitShort = ta.crossover(ema9, ema21)

// ==================== Strategy Execution ====================
if longCondition
    strategy.entry("Long", strategy.long, alert_message=str.replace(webhookMessage, "{{strategy.order.action}}", "buy"))

if shortCondition
    strategy.entry("Short", strategy.short, alert_message=str.replace(webhookMessage, "{{strategy.order.action}}", "sell"))

if exitLong
    strategy.close("Long", alert_message='{"action":"close", "symbol":"{{ticker}}"}')

if exitShort
    strategy.close("Short", alert_message='{"action":"close", "symbol":"{{ticker}}"}')

// ==================== Plotting ====================
plot(ema9, "EMA 9", color=color.new(color.green, 0), linewidth=2)
plot(ema21, "EMA 21", color=color.new(color.orange, 0), linewidth=2)
plot(ema55, "EMA 55", color=color.new(color.red, 0), linewidth=2)

plotshape(longCondition, "Long", shape.triangleup, location.belowbar, color.green, size=size.small)
plotshape(shortCondition, "Short", shape.triangledown, location.abovebar, color.red, size=size.small)

// Ribbon coloring
bgcolor(bullishAlignment ? color.new(color.green, 95) : bearishAlignment ? color.new(color.red, 95) : na)

Overview

EMA Ribbon (9/21/55) - Eterna plots the EMAs on the price chart and colors the background ribbon according to bullish or bearish alignment. The strategy enters long positions when all EMAs align in decreasing order and price crosses above the fast EMA. It enters short positions when aligned in increasing order and price crosses below the fast EMA. Positions are exited when alignment breaks. Main inputs let users change EMA periods, leverage and position size. It draws on the price chart with entry plot shapes and includes webhook alerts for trade actions. It has no stop loss by default.

Details

Published by

EternaHybridExchange on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages

Markets

Crypto

Timeframes

M15-H1

Risk Notes

  • The strategy enters trades without a stop loss

Topics

algorithmic-tradingautomated-tradingbacktestingbybitcrypto-tradingeternamcppine-scripttrading-strategiestradingview

Settings

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

SettingTypeDefaultVariable
Fast EMAint9emaFast
Mid EMAint21emaMid
Slow EMAint55emaSlow
Leverageint5leverage
Position Sizefloat0.01positionSize
Enable Webhook AlertsbooltrueenableWebhook
Webhook JSONstring'{"action":"{{strategy.order.action}}", "symbol":"{{ticker}}webhookMessage
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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