This strategy enters long on an outside bar when the candle is bullish, the Klinger Volume Oscillator is positive, and price is above a Hull moving average. It enters short on an inside bar when the candle is bearish, the oscillator is negative, and price is b
Strategy · Pine Script v5 · On the chart
Improvising [Alorse]
Improvising [Alorse] is a price-chart strategy that looks for a one-bar candle reversal filtered by a 10-period EMA, a 14-period RSI, and a rising or falling MACD.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code72
Settings8inputs
LicenceNone stated
Last update2 months ago25 Aug 2026
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
Longs require a bearish bar followed by a bullish close above the EMA, RSI below 65, and a rising MACD; shorts use the opposite rules and are off by default. It exits with a 1.2 percent take profit, a 1.8 percent stop, a tighter stop after price reaches the midpoint toward the target, or after three consecutive closes in the trade direction past a small profit threshold. Position size defaults to 10 percent of equity with no pyramiding.
- 10-period EMA plotted on the price chart
- RSI and MACD filters on candle reversals
- Optional long and short entries
- Percent take profit and stop loss
- Tighter stop and three-bar profit exit
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
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.
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
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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