This overlay strategy combines a Cipher B WaveTrend oscillator with two optional moving averages on the price chart. It exposes WaveTrend channel and average lengths, overbought and oversold levels, buy, sell and gold dots, and regular or hidden divergence mar
Strategy · Pine Script v5 · On the chart
MACD_Crossover_STEPFUN
This strategy enters long when the MACD line crosses above its signal line and short when it crosses below.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code180
Settings14inputs
LicenceNone stated
Last update2 days ago28 Oct 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
Optional filters require the histogram to exceed a threshold, price to sit on the matching side of a simple moving average, and a simplified three-bar divergence check. The default exit closes on the opposite crossover; take-profit, stop-loss, or trailing exits are selectable. Position size is a percentage of equity. It draws on the price chart. No specific timeframe is stated, and divergence is off by default.
- MACD line and signal crossover entries
- Optional histogram confirmation
- SMA trend direction filter
- Opposite signal, percent, or trailing exits
- Optional simplified divergence check
Details
Published by
eltonaguiar on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
Any timeframe
Risk Notes
- 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 |
|---|---|---|---|
| Fast EMA Length | int | 12 | fast_length |
| Slow EMA Length | int | 26 | slow_length |
| Signal Line Length | int | 9 | signal_length |
| Require Histogram Confirmation | bool | true | use_histogram_confirm |
| Histogram Threshold | float | 0.0 | histogram_threshold |
| Use Trend Filter | bool | true | use_trend_filter |
| Trend SMA Period | int | 50 | trend_period |
| Exit Mode | string | Opposite Signal | exit_mode |
| Take Profit % | float | 2.0 | tp_percent |
| Stop Loss % | float | 1.0 | sl_percent |
| Trailing Offset % | float | 0.5 | trail_offset_pct |
| Position Size % | float | 100.0 | position_size_pct |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Divergence Detection | bool | false | use_divergence |
| Divergence Lookback | int | 14 | lookback_divergence |
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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