This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v6 · On the chart
Momentum Rider DAILY FINAL
This strategy combines exponential moving averages (EMA 9, 21, 50), RSI, MACD, and Supertrend indicators to enter long positions.
Repaints
GitHub stars58on the repository
Pine versionv6current
Lines of code106
Settings4inputs
LicenceCustom licence
Last update4 months ago20 Jun 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
Momentum Rider DAILY FINAL triggers trades using six dynamic setups based on momentum breakouts, EMA crossovers, and pullbacks. Position sizing is computed via ATR risk percentage and account drawdown protection rules. Exits are handled using dynamic ATR trailing stop losses, take-profit limits, or EMA trend reversals. The indicator plots moving averages, Supertrend bands, entry labels, and active stop levels directly on the price chart. Evaluating on every tick causes intra-bar repainting.
- Six distinct trend and momentum entry conditions
- ATR-based dynamic risk sizing and trailing stops
- Drawdown safety filter to restrict trading during drawdowns
- Multi-indicator trend filtering with EMA, MACD, RSI, and Supertrend
Details
Published by
greenpeas007 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Volatility & bands
Markets
Crypto, Stocks
Timeframes
H4 and above
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy can add several entries in the same direction
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Start Date | time | timestamp("2024-04-07") | startDate |
| Risk % Per Trade | float | 15.0 | riskPct |
| Max Drawdown % | float | 30.0 | maxDD |
| Max Pos % Equity | float | 95.0 | maxPosPct |
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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