A strategy that scores signals from ten sources: RSI, MACD, Bollinger Bands, head and shoulders, wedges, multiple tops and bottoms, candlestick reversals, pivot support and resistance, volume spikes and an EMA ribbon filter. A trade needs a minimum pattern sco
Strategy · Pine Script v6 · On the chart
Enhanced Buy and Sell Strategy with Custom Targets
A strategy that goes long when price sits near a recent pivot low, RSI is below an oversold level, a hammer or bullish engulfing candle forms, price is above an EMA and volume spikes above its 20-bar average.
GitHub stars1on the repository
Pine versionv6current
Lines of code90
Settings10inputs
LicenceNone stated
Last update1 year ago27 May 2025
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
Shorts mirror this near pivot highs with overbought RSI and bearish candle patterns. Two target multiples and a stop multiple of the entry price are adjustable. It draws on the price chart.
- Pivot-based support and resistance zones
- Hammer, shooting star and engulfing patterns
- RSI and EMA trend filter
- Volume spike confirmation
- Adjustable target and stop multiples
Details
Published by
AmanKumar87 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Candlestick patterns, Support & resistance, Oscillators & momentum
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA Length | int | 21 | emaLength |
| RSI Length | int | 14 | rsiLength |
| Pivot Length | int | 5 | pivotLen |
| RSI Oversold Level | int | 30 | rsiOversold |
| Support Tolerance (%) | float | 0.5 | supportTolerance |
| RSI Overbought Level | int | 70 | rsiOverbought |
| Resistance Tolerance (%) | float | 0.5 | resistanceTolerance |
| First Target (1.49x) | float | 1.49 | target1x |
| Second Target (2.0x) | float | 2.0 | target2x |
| Stop Loss (0.95x) | float | 0.95 | stopLoss |
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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