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
India CCF Nifty
A futures strategy for NSE Nifty that requires agreement from SuperTrend, a 3 and 13 EMA cross with a 21 EMA trend, MACD, RSI, ADX, volume and relative strength against a benchmark.
GitHub stars1on the repository
Pine versionv6current
Lines of code385
Settings30inputs
LicenceNone stated
Last update2 months ago15 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
Entries come in two stages with a larger setup ladder, so it can add to a position. Optional checks use futures and option open interest, and optional simulated call and put hedge alerts fire on divergence. A percent close-on-candle stop is available but off by default, as are the option checks.
- Multi-indicator confluence entry
- Relative strength against a benchmark
- Two-stage pyramided entries
- Optional option open interest confirmation
- Simulated hedge alerts
Details
Published by
raybird on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RS Benchmark Ticker | symbol | NSE:NIFTY | benchmarkTk |
| ATM CE Symbol | symbol | NSE:NIFTY | ceSymbol |
| ATM PE Symbol | symbol | NSE:NIFTY | peSymbol |
| Futures OI Data Symbol | symbol | NSE:NIFTY | futOiSym |
| ATM CE OI Data Symbol | symbol | NSE:NIFTY | ceOiSym |
| ATM PE OI Data Symbol | symbol | NSE:NIFTY | peOiSym |
| Require condition 9 option/OI confirmation | bool | false | reqOptOi |
| Require RS 21 and RS 55 same-bar zero cross | bool | false | strictRs |
| Show entry/exit/hedge markers | bool | true | showSig |
| Simulate CE/PE hedge orders on chart symbol | bool | false | simHedge |
| Show condition check marks | bool | false | showChk |
| ST ATR Length | int | 2 | stAtrLen |
Show all 30 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ST Factor | float | 1.0 | stFactor |
| EMA Fast Length | int | 3 | emaFastLen |
| EMA Slow Length | int | 13 | emaSlowLen |
| EMA Trend Length | int | 21 | emaTrendLen |
| MACD Fast Length | int | 12 | macdFastLen |
| MACD Slow Length | int | 13 | macdSlowLen |
| MACD Signal Smoothing | int | 12 | macdSigLen |
| RSI Length | int | 14 | rsiLen |
| RS 21 Period | int | 21 | rs21Len |
| RS 55 Period | int | 55 | rs55Len |
| DI Length | int | 14 | diLen |
| ADX Smoothing | int | 14 | adxSm |
| ADX Threshold | float | 21.0 | adxThr |
| Volume EMA Length | int | 20 | volEmaLen |
| Divergence Lookback | int | 10 | divLook |
| Hedge Signal Quantity % | float | 50 | hedgeQty |
| Enable close-on-candle stop | bool | false | enStop |
| Stop Loss % | float | 1.0 | stopPct |
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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