MACD Strategy [trugurpala]: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
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

37 lines of Pine Script v6 from examples/strategies/05_macd_strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

05_macd_strategy.pine

//@version=6
// MACD Signal Cross + EMA Trend Filter — github.com/trugurpala/pinescriptv6
// Author: Ugur Pala · mail@ugurpala.com
strategy("MACD Strategy [trugurpala]",
    overlay=true, initial_capital=10000,
    default_qty_type=strategy.percent_of_equity, default_qty_value=10,
    commission_type=strategy.commission.percent, commission_value=0.1)

// ── Inputs ───────────────────────────────────────────────────────────────────
int   fastLen  = input.int(12, "MACD Fast",   minval=1)
int   slowLen  = input.int(26, "MACD Slow",   minval=1)
int   sigLen   = input.int(9,  "Signal",      minval=1)
int   trendLen = input.int(200,"Trend EMA",   minval=1)
int   atrLen   = input.int(14, "ATR Length",  minval=1)
float slMult   = input.float(2.0, "SL Mult",  step=0.1)
float tpMult   = input.float(2.5, "TP Mult",  step=0.1)
bool  useTrend = input.bool(true, "Use Trend Filter")

// ── Calculations ─────────────────────────────────────────────────────────────
[macdLine, signalLine, _] = ta.macd(close, fastLen, slowLen, sigLen)
float trendEma = ta.ema(close, trendLen)
float atrVal   = ta.atr(atrLen)
bool  bullCross = ta.crossover(macdLine,  signalLine) and (not useTrend or close > trendEma)
bool  bearCross = ta.crossunder(macdLine, signalLine) and (not useTrend or close < trendEma)

// ── Entries ──────────────────────────────────────────────────────────────────
if bullCross
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long", stop=close - slMult * atrVal, limit=close + tpMult * atrVal)
if bearCross
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short", stop=close + slMult * atrVal, limit=close - tpMult * atrVal)

// ── Visuals ──────────────────────────────────────────────────────────────────
plot(trendEma, "Trend EMA", color.new(color.orange, 20), linewidth=2)
plotshape(bullCross, "Long",  shape.triangleup,   location.belowbar, color.green, size=size.small)
plotshape(bearCross, "Short", shape.triangledown, location.abovebar, color.red,   size=size.small)

Overview

Long positions are entered when the MACD crosses above its signal line while price is above the trend EMA. Short positions trigger when the MACD crosses below its signal line while price is below the trend EMA. Risk management is handled using Average True Range (ATR) multipliers for stop loss and take profit targets. The strategy overlays the trend EMA and entry markers directly on the price chart.

MACD crossover signal generation
EMA trend filter toggle
ATR-based dynamic stop loss and take profit
Visual entry markers on price overlay

Details

Published by

trugurpala on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

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.

File

examples/strategies/05_macd_strategy.pine

Repository

github.com/trugurpala/pinescriptv6. See its other scripts in the library

Topics

aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
MACD Fast	`int`	`12`	`fastLen`
MACD Slow	`int`	`26`	`slowLen`
Signal	`int`	`9`	`sigLen`
Trend EMA	`int`	`200`	`trendLen`
ATR Length	`int`	`14`	`atrLen`
SL Mult	`float`	`2.0`	`slMult`
TP Mult	`float`	`2.5`	`tpMult`
Use Trend Filter	`bool`	`true`	`useTrend`

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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