MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v4 · Own pane
EMA RSI Strategy
This Pine v4 strategy smooths a 14-period RSI with a 10-period and a 50-period average.
Archived by its author
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code23
Settings0inputs
LicenceNone stated
Last update4 years ago14 Aug 2022
Add It to Your TradingView Chart
- 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 RSI Strategy enters long when the fast average crosses above the slow one while RSI is above 50, and short on the opposite cross with RSI below 50, using a fixed order quantity. It has no stop loss or take profit. The RSI and both averages are plotted in a separate pane. The names suggest EMA but the code uses simple averages.
- Crossover of two averages of RSI
- RSI 50 direction filter
- Long and short entries
- RSI and averages in a separate pane
Details
Published by
juliencrn on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
data-analysisjupyter-notebookmatplotlibpandaspinescriptpythontrading-strategiestrading-bottradingbot
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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