This strategy plots on the price chart and opens long or short positions when a weighted score from MACD, Stochastic RSI, RSI, Supertrend and a moving-average crossover exceeds a user-set trigger. Each component has its own weight and candle delay. Entries can
Strategy · Pine Script v5 · On the chart
Improvising [Alorse]
This strategy combines triple exponential moving averages with a TTM Squeeze oscillator to capture trend-following momentum.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code103
Settings13inputs
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
Improvising [Alorse] enters long or short positions when price aligns with all three EMAs (125, 680, and 2500 period) and the oscillator turns in the trend direction. It plots three EMA lines on the price chart. Exit conditions rely on price crossing the slowest EMA line, with optional percentage-based take profit and stop loss toggles disabled by default.
- Triple EMA trend filter overlay
- TTM Squeeze linear regression momentum filter
- Optional percentage-based take profit and stop loss
- Toggleable long and short entry directions
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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 |
| EMA A Length | int | 125 | len_a |
| EMA B Length | int | 680 | len_b |
| EMA C Length | int | 2500 | len_c |
| Length | int | 20 | length |
| Long entries | bool | true | showLong |
| Short entries | bool | false | showShort |
| ╔══════ Enable ══════╗ | bool | false | useTP |
| Percent | float | 1.2 | TPPercent |
| Percent to sell | float | 100 | qtyPercent |
| ╔══════ Enable ══════╗ | bool | false | useSL |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| 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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