MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v5 · Own pane
MACD Signal Cross
This strategy evaluates EMA momentum crossovers filtered by an RSI oscillator.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code25
Settings5inputs
LicenceNone stated
Last update6 days ago22 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
MACD Signal Cross enters a long position when a fast EMA crosses above a slow EMA while RSI remains above 40. Conversely, it enters a short position when the fast EMA crosses below the slow EMA while RSI stays below 60. Positions are managed with defined percentage-based stop loss and take profit levels. The script operates in a separate pane below the main price chart, and users can customize the EMA lengths, RSI filter period, stop loss, and take profit percentages.
- EMA crossover entry conditions
- RSI trend filter
- Percentage-based stop loss and take profit
Details
Published by
latentwill on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Moving averages, Oscillators & momentum, Trend
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Fast EMA Period | int | 12 | fast_period |
| Slow EMA Period | int | 26 | slow_period |
| RSI Filter Length | int | 14 | rsi_filter_len |
| Stop Loss % | float | 2.0 | stop_pct |
| Take Profit % | float | 4.0 | profit_pct |
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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