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 v5 · On the chart
MACD & EMA & Supertrend Strategy
A strategy that enters long when the MACD histogram crosses above zero, price is above both EMAs and the Supertrend has just turned up.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code46
Settings7inputs
LicenceNone stated
Last update2 years ago29 Nov 2023
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
MACD & EMA & Supertrend Strategy enters short on the mirror conditions. Positions are reversed by the opposite signal, and the code has no separate stop loss or take profit. Supertrend is drawn with a filled band. It calculates on every tick, so signals can change while a bar is open.
- MACD histogram cross trigger
- Two EMA price filters
- Supertrend direction flip filter
- Reversing long and short entries
Details
Published by
merdunal on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- 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 |
|---|---|---|---|
| fastLength | int | 12 | fastLength |
| slowLength | int | 26 | slowLength |
| MACDLength | int | 9 | MACDLength |
| EMA1 | int | 12 | EMA1 |
| EMA2 | int | 26 | EMA2 |
| ATR Length | int | 10 | atrPeriod |
| Factor | float | 3.0 | factor |
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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