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
Momentum Indicator Strategy
This trend-following strategy generates long signals by combining the Stochastic Momentum Index (SMI) with a Supertrend filter.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code55
Settings6inputs
LicenceNone stated
Last update1 year ago7 Oct 2025
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
Momentum Indicator Strategy enters a long position when the SMI signal line crosses above an oversold threshold while the Supertrend indicates an uptrend. Positions exit when price reaches a customizable fixed percentage take profit target or when Supertrend shifts to a downtrend. Key settings include SMI length, oversold level, Supertrend ATR parameters, and take profit multiplier. Although a stop-loss price is calculated in the code, it is not passed to the exit function, leaving trades without a stop loss. Overlay plots draw on the main chart.
- Stochastic Momentum Index signal cross
- Supertrend trend direction filter
- Percentage-based take profit limit
- Supertrend reversal position exit
Details
Published by
wynnforthework on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, 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 |
|---|---|---|---|
| Percent K Length | int | 10 | a |
| Percent D Length | int | 3 | b |
| Oversold | int | -40 | os |
| ATR Length | int | 100 | atrPeriod |
| Factor | float | 30 | factor |
| 止盈倍数 | float | 1.02 | tp |
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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