This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v4 · On the chart
MA & DMI
MA & DMI is a strategy that combines moving average crossovers with Directional Movement Index filters to identify trade setups.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code251
Settings24inputs
LicenceNone stated
Last update4 years ago25 Aug 2022
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
MA & DMI calculates a slow SMA, a medium EMA, and a fast EMA alongside ADX and DI values. Trade risk management uses an ATR-based multiplier stop loss, trailing stops, and fixed pip take profit targets. User settings adjust indicator lengths, trailing parameters, and PineConnector configurations for automated execution. All crossover visual labels and targets plot directly on the main price chart.
- Multi-moving average crossover identification
- Directional Movement Index filter rules
- ATR-based multiplier stop loss calculation
- Pip-defined trailing stop and profit targets
- PineConnector syntax integration for MetaTrader
Details
Published by
maxits on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
Markets
Forex
Timeframes
M15-H1, H4 and above
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Plot Pine Connector Label? | bool | true | plotlabel |
| Label Dist | int | 20 | labeldist |
| Plot Target? | bool | true | plotTarget |
| Plot Label on MA Cross? | bool | true | plotcross |
| How many bars to look back to find cross | int | 10 | lookback |
| Slow SMA (Period) | int | 50 | sma_slow |
| Medm EMA (Period) | int | 18 | ema_medm |
| Fast EMA (Period) | int | 6 | ema_fast |
| ADX Smoothing | int | 14 | lensig |
| DI Length | int | 14 | len |
| Upper Limit | int | 50 | upperLimit |
| Middle Limit | int | 25 | middleLimit |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Lower Limit | float | 12.5 | lowerLimit |
| License ID | string | 1234567890123 | pc_id |
| Risk Per Trade | float | 1 | pc_risk |
| MetaTrader Prefix | string | | pc_prefix |
| MetaTrader Suffix | string | | pc_suffix |
| Use Limit Order? | bool | true | pc_limit |
| Profit Target in Pips | int | 300 | profitPip |
| Trailing Stop Loss Trigger Price from entry in pips | int | 100 | trailtrig |
| Trailing Stop Loss from entry in pips | int | 10 | traildist |
| Trailing Stop Loss step up | int | 10 | trailstep |
| Stop Loss (x*ATR, Float) | float | 0.5 | atr_mult |
| ATR (Period) | int | 14 | atr_valu |
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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