by 
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 Strategy
This strategy plots on the price chart and builds a MACD line as the difference between a fast and a slow exponential moving average of close, then smooths that line into a signal.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code13
Settings3inputs
LicenceMIT
Last update3 years ago10 Feb 2023
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
13 lines of Pine Script v5 from Strategies/All Strategies are Here 🤩/MACD-Strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("MACD Strategy", overlay=true)
fastLength = input(12)
slowlength = input(26)
MACDLength = input(9)
MACD = ta.ema(close, fastLength) - ta.ema(close, slowlength)
aMACD = ta.ema(MACD, MACDLength)
delta = MACD - aMACD
if (ta.crossover(delta, 0))
strategy.entry("MacdLE", strategy.long, comment="MacdLE")
if (ta.crossunder(delta, 0))
strategy.entry("MacdSE", strategy.short, comment="MacdSE")
//plot(strategy.equity, title="equity", color=color.red, linewidth=2, style=plot.style_areabr)
Overview
The histogram is their difference. It opens a long when the histogram crosses above zero and a short when it crosses below zero. The three length inputs change the fast average, the slow average, and the signal smoothing. Opposite entries reverse the position. There is no stop loss, take profit, or position-size setting.
- Fast and slow EMA MACD
- Signal-line histogram
- Long entry on histogram cross above zero
- Short entry on histogram cross below zero
- Three length inputs
Details
Published by
TWODS-CAPITAL on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages
Markets
Any symbol
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 |
|---|---|---|---|
| fastLength | int | 12 | fastLength |
| slowlength | int | 26 | slowlength |
| MACDLength | int | 9 | MACDLength |
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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