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
EMM Strategy V2 - Pine Engine buys when close crosses above the line and sells when it crosses below, closing the opposite position on the same cross. An optional higher-timeframe filter, default four hours, requires price to sit on the matching side of a second median. Position size is a fixed lot or a percentage of equity divided by price. It has no stop loss or take profit.
Close versus exponential moving median crossover entries
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MM Mode
string
Fixed
mm_mode
Risk % (Loss to 0)
float
1.0
risk_pct
Fixed Lot Size
float
0.1
fixed_qty
Trade Direction
string
Both
trade_dir
EMM Length
int
20
len_emm
EMM Window (Lookback)
int
100
win_emm
Use HTF Filter
bool
true
use_htf
HTF Timeframe
timeframe
240
tf_htf
HTF EMM Length
int
50
len_htf
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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