This strategy combines Ichimoku Kinko Hyo components, a Stochastic oscillator, and specific candlestick patterns to generate trade signals. It identifies Kumo twists and range breakouts while evaluating candle body shapes using Fibonacci threshold filters. Tra
Strategy · Pine Script v5 · On the chart
Improvisando [Alorse]
This strategy combines candlestick price action with Exponential Moving Average, RSI, and MACD filters to identify short-term trend trades.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code72
Settings8inputs
LicenceNone stated
Last update1 year ago5 Apr 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
A long signal occurs when a bullish candle engulfs the previous open while price remains above the EMA, RSI stays below 65, and the MACD line rises. The script manages exits using fixed percentage take profit and stop loss levels, dynamic trailing stops, and a consecutive multi-bar exit condition. All indicators and entry/exit markers plot directly on the price chart.
- Candlestick engulfing entry filter
- EMA, RSI, and MACD confluence signals
- Percentage-based stop loss and take profit
- Trailing stop loss mechanism
- Multi-bar pattern exit condition
Details
Published by
Hugs-4-Bugs on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Candlestick patterns
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Version | string | txtVer | version |
| Source | source | close | src |
| Long entries | bool | true | showLong |
| Short entries | bool | false | showShort |
| EMA A Length | int | 10 | len_a |
| Length | int | 14 | len |
| Percent | float | 1.2 | TPPercent |
| Percent | float | 1.8 | SLPercent |
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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