Indicator · Pine Script v5 · On the chart

ID50

by g-moe· code credited to goodgains

The ID50 indicator identifies pullback opportunities to the 50-period exponential moving average (EMA) within an established trend.

View on GitHub

GitHub stars3on the repository
Pine versionv5runs as is
Lines of code80
Settings7inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  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 indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

80 lines of Pine Script v5 from Tradingview/id50.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

id50.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains

//@version=5
indicator(title="ID50", overlay=true, max_bars_back = 5000)

// @keywords: id50, ema-cloud, ema-crossover, pullback-alerts, 50-ema-touch, fast-slow-ema, bull-bear-signals, pips-pullback, trend-direction, last-cross, compare-levels, triangle-alerts, fill-between-emas, touch-detection, minimum-pullback, max-bars-back, overlay-emas, alert-conditions, trend-state, ema13-ema50

// indicator inputs
ema_fast_per    =   input.int   (defval=13,     title='EMA Fast Period', minval=0, maxval=1000, step=1, tooltip='Period/Length of Fast Moving Average', inline='fast sma')
ema_fast_source =   input.source(defval=close,  title='EMA Fast Source',                                                                                inline='fast sma')
ema_slow_per    =   input.int   (defval=50,     title='EMA Slow Period', minval=0, maxval=1000, step=1, tooltip='Period/Length of Slow Moving Average', inline='slow sma')
ema_slow_source =   input.source(defval=close,  title='EMA Slow Source',                                                                                inline='slow sma')
pullback_min    =   input.float (defval=25,     title='Pullback pips minimum')
max_bars        =   input.int(12, title = 'Max bars back from 50 touch')
pips_multiplier =   input.int   (defval=10,  title='Pips multiplier', tooltip='Might have to adjust depending on the pair')

pips = syminfo.mintick * pips_multiplier

// indicator calculations
float ema_fast = ta.ema(ema_fast_source,ema_fast_per)
float ema_slow = ta.ema(ema_slow_source,ema_slow_per)

p_emafast = plot(ema_fast, title='Fast EMA13', color=color.new(color.blue,30), linewidth=2, style=plot.style_line, display=display.all)
p_emaslow = plot(ema_slow, title='Fast EMA13', color=color.new(color.fuchsia,30), linewidth=2, style=plot.style_line, display=display.all)
fill(p_emafast, p_emaslow, title = 'EMA Cloud', color = ema_fast >= ema_slow ? color.new(color.teal, 70) : color.new(color.red,70))

// last cross
var bool crossover  = na
var bool crossunder = na
var int last_cross = 0

crossover  := ta.crossover(ema_fast,ema_slow)
crossunder := ta.crossunder(ema_fast,ema_slow)
last_cross := crossover ? 1 : crossunder ? -1 : last_cross[1]

var int last_bull_bn = 0
var int last_bear_bn = 0

last_bull_bn := crossover ? bar_index : last_bull_bn[1]
last_bear_bn := crossunder ? bar_index : last_bear_bn[1]


// only check for alerts if we touch 50ema
var bool bull_alert = na
var bool bear_alert = na
var bool touch_50 = na
var float bull_compare = 0.00
var float bear_compare = 0.00
touch_50 := high >= ema_slow and low <= ema_slow
bull_compare := ta.highest(high, max_bars)
bear_compare := ta.lowest(low, max_bars)
// 

if touch_50
    if last_cross == 1
        bull_alert := (math.abs(bull_compare-low) / pips) >= pullback_min 
        bear_alert := false
    else if last_cross == -1
        bear_alert := (math.abs(high-bear_compare) / pips) >= pullback_min 
        bull_alert := false
else
    bull_alert := false
    bear_alert := false

plot(bull_compare, color = color.red, display = display.none, title = 'Bull Compare')
plot(bear_compare, color = color.green, display = display.none, title = 'Bear Compare')


plotshape(bull_alert, title = 'Bull Alert', style= shape.triangleup, color = color.teal, location = location.belowbar, size = size.small)
plotshape(bear_alert, title = 'Bear Alert', style= shape.triangledown, color = color.red, location = location.abovebar, size = size.small)


alertcondition(condition=bull_alert, title='Bull Pullback', message='Bull Pullback')
alertcondition(condition=bear_alert, title='Bear Pullback', message='Bear Pullback')
alertcondition(condition=bull_alert or bear_alert, title='New Pullback', message='New Pullback')


// barcolor(last_cross == 1 ? color.teal : last_cross == -1 ? color.red : na)
barcolor(touch_50 ? color.yellow : na)

Overview

ID50 plots a fast EMA and a slow EMA with a color-coded cloud between them to define trend direction. When price touches the slow EMA, the script measures the size of the retracement against recent extremes over a configurable lookback window. If the pullback meets a minimum pip requirement, bullish or bearish triangle signals are plotted directly on the price chart.

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages

Markets

Forex

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.

Settings

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

SettingTypeDefaultVariable
EMA Fast Periodint13ema_fast_per
EMA Fast Sourcesourcecloseema_fast_source
EMA Slow Periodint50ema_slow_per
EMA Slow Sourcesourcecloseema_slow_source
Pullback pips minimumfloat25pullback_min
Max bars back from 50 touchint12max_bars
Pips multiplierint10pips_multiplier
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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