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
Input Source History Subscript
This strategy detects momentum turns by subtracting consecutive values of an input source.
GitHub stars1on the repository
Pine versionv6current
Lines of code27
Settings1inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
27 lines of Pine Script v6 from validation/input-source-subscript-hl2-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe — input.source HISTORY SUBSCRIPT (#23 / codegen #9)
// Purpose: parity test for subscripting an input.source variable (src[1],
// src[2]). Pre-fix input.source was a scalar double, so src[1] either
// compile-failed or froze; post-fix the analyzer tracks the subscripted
// source var as a Series and codegen pushes the resolved source's current
// value, so src[k] is a real history read. Defaults to hl2 to also exercise
// a derived native source (_src_hl2_).
//
//@version=6
strategy("input.source history subscript", overlay=true, initial_capital=1000000, process_orders_on_close=false, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0, slippage=0, default_qty_type=strategy.fixed, default_qty_value=1)
// === Input: derived native source, read with history ===
src = input.source(hl2, "Source")
// Two-bar momentum turn detector — uses src[0], src[1], src[2].
mom = src - src[1]
momPrev = src[1] - src[2]
// Long when momentum turns up; short when it turns down.
if mom > 0 and momPrev <= 0
strategy.entry("Long", strategy.long)
if mom < 0 and momPrev >= 0
strategy.entry("Short", strategy.short)
Overview
Input Source History Subscript defines src as a user-configurable source defaulting to hl2, the average of high and low prices. Momentum is calculated as the current src minus src one bar ago, and previous momentum as src one bar ago minus src two bars ago. Long entries trigger when momentum crosses from non-positive to positive, while short entries trigger on the reverse cross from non-negative to negative. The strategy overlays signals directly on the price chart. It supports pyramiding of one position per direction and uses no stop loss or profit targets by default.
- history subscript on input source
- two-bar momentum turn detector
- momentum cross entries
- long short signals
- pyramiding 1
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | hl2 | src |
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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