Strategy · Pine Script v4 · On the chart

Fast EMA

by tseitz

A Pine v4 strategy that plots a very fast two-period EMA of the close in orange on the price chart.

View on GitHub

Repaints

GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code38
Settings2inputs
LicenceNone stated
Last update4 years ago2 Dec 2021

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  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

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

Fast EMA goes long whenever the EMA is above its previous value and short whenever it is below, closing the opposite side, so it flips direction as the slope changes and is nearly always in the market. A days-back window limits the test range. It has no stop loss or take profit, and orders are cash-sized.

Details

Published by

tseitz on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Moving averages, Scalping

Markets

Crypto

Timeframes

M1-M5

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)
  • The strategy enters trades without a stop loss

Settings

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

SettingTypeDefaultVariable
Max Days Back to Testint60daysBackMax
Min Days Back to Testint0daysBackMin
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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