2 EMA/SMA + RSI Strategy [Alorse] combines three configurable moving averages with a short-period Relative Strength Index filter. It plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the
Strategy · Pine Script v6 · On the chart
Gyroscope CMO Median
A long-only strategy that pairs a rolling median line with the Chande Momentum Oscillator.
GitHub stars1on the repository
Pine versionv6current
Lines of code35
Settings6inputs
LicenceApache-2.0
Last update6 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
35 lines of Pine Script v6 from validation/ta-gyroscope-cmo-median-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// SPDX-License-Identifier: Apache-2.0
// Copyright 2026 PineForge
// PineForge Owned Strategy: Gyroscope CMO Median
// A robust rolling center and bounded momentum jointly define the regime.
strategy("PineForge — Gyroscope CMO Median", overlay=true,
initial_capital=100000,
default_qty_type=strategy.fixed, default_qty_value=2,
pyramiding=0, commission_type=strategy.commission.percent,
commission_value=0.05, slippage=1,
margin_long=100, margin_short=100,
process_orders_on_close=false, calc_on_order_fills=false)
medianLength = input.int(27, "Median Length", minval=3, group="Signal")
cmoLength = input.int(16, "CMO Length", minval=2, group="Momentum")
entryMomentum = input.float(12.0, "Entry CMO", minval=-80, maxval=80, step=1, group="Momentum")
exitMomentum = input.float(-9.0, "Exit CMO", minval=-80, maxval=80, step=1, group="Momentum")
atrLength = input.int(19, "ATR Length", minval=2, group="Risk")
maximumAtrLoss = input.float(2.1, "Maximum ATR Loss", minval=0.5, step=0.1, group="Risk")
medianLine = ta.median(close, medianLength)
cmoValue = ta.cmo(close, cmoLength)
atrValue = ta.atr(atrLength)
enterLong = ta.crossover(close, medianLine) and cmoValue > entryMomentum
momentumEnded = close < medianLine or cmoValue < exitMomentum
riskExceeded = strategy.position_size > 0 and close < strategy.position_avg_price - atrValue * maximumAtrLoss
if strategy.position_size == 0 and enterLong
strategy.entry("Gyroscope Long", strategy.long)
else if strategy.position_size > 0 and (momentumEnded or riskExceeded)
strategy.close("Gyroscope Long", comment=riskExceeded ? "ATR risk" : "Momentum ended")
plot(medianLine, "Rolling Median", color=color.yellow)
plot(cmoValue, "CMO", color=color.blue, display=display.data_window)
Overview
Gyroscope CMO Median enters long when price crosses above the median while the oscillator is above an entry level. It exits when price drops below the median, the oscillator falls under an exit level, or price falls a set multiple of ATR below the average entry. The median line is drawn on the price chart and the oscillator in the data window.
- Rolling median line
- Chande Momentum Oscillator filter
- Adjustable entry and exit momentum levels
- ATR-multiple loss exit
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Median Length | int | 27 | medianLength |
| CMO Length | int | 16 | cmoLength |
| Entry CMO | float | 12.0 | entryMomentum |
| Exit CMO | float | -9.0 | exitMomentum |
| ATR Length | int | 19 | atrLength |
| Maximum ATR Loss | float | 2.1 | maximumAtrLoss |
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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