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
An optional volume filter requires volume above a 20-bar average times a multiplier. Exits use a percentage stop loss and take profit when those toggles are on, and it also closes on the opposite moving-average cross. Users choose SMA, EMA, WMA, or HMA and the two lengths. It plots the averages on the price chart and sizes positions as a percent of equity.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast MA Length
int
20
fastLength
Slow MA Length
int
50
slowLength
MA Type
string
EMA
maType
Long Only
bool
false
longOnly
Use Stop Loss
bool
true
useStopLoss
Stop Loss %
float
2.0
stopLossPerc
Use Take Profit
bool
true
useTakeProfit
Take Profit %
float
5.0
takeProfitPerc
Use Volume Filter
bool
true
useVolumeFilter
Volume Multiplier
float
1.2
volumeMultiplier
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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