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 v6 · On the chart
Momentum Strategy Template
This strategy generates trading signals based on a selectable momentum engine, supporting MACD, RSI, Stochastic, or Rate of Change.
GitHub stars218on the repository
Pine versionv6current
Lines of code173
Settings24inputs
LicenceNone stated
Last update3 months ago23 Jul 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
Entries trigger on signal crosses, zero-line crosses, or threshold crosses, with an optional moving average trend filter. Risk management includes optional stop losses defined by ATR multiples or percentage distance, along with configurable risk-reward take-profit targets. Direction filters allow long-only or short-only operation. The strategy executes and plots directly on the main price chart.
- Selectable momentum engines (MACD, RSI, Stochastic, ROC)
- Multiple entry modes including signal cross and threshold cross
- Configurable SMA or EMA trend filter
- ATR and percentage stop-loss options with risk-reward take profit
- Directional controls for long-only or short-only trades
Details
Published by
TradersPost on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Trend, Moving averages
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 |
|---|---|---|---|
| Momentum Type | string | MACD | momentumType |
| MACD Fast | int | 12 | macdFast |
| MACD Slow | int | 26 | macdSlow |
| MACD Signal | int | 9 | macdSignal |
| RSI Length | int | 14 | rsiLength |
| RSI Bull Threshold | int | 50 | rsiBullThreshold |
| RSI Bear Threshold | int | 50 | rsiBearThreshold |
| Stoch %K | int | 14 | stochK |
| Stoch %D | int | 3 | stochD |
| Stoch Smooth | int | 3 | stochSmooth |
| ROC Length | int | 12 | rocLength |
| Use Trend Filter | bool | true | useTrendFilter |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trend MA Length | int | 50 | trendMALength |
| Trend MA Type | string | EMA | trendMAType |
| Entry Mode | string | Signal Cross | entryMode |
| Use Stop Loss | bool | true | useStopLoss |
| Stop Loss Type | string | ATR | stopLossType |
| Stop Loss ATR | float | 2.0 | stopLossATR |
| Stop Loss % | float | 2.0 | stopLossPercent |
| ATR Length | int | 14 | atrLength |
| Use Take Profit | bool | true | useTakeProfit |
| Take Profit R:R | float | 2.0 | takeProfitRR |
| Long Only | bool | false | longOnly |
| Short Only | bool | false | shortOnly |
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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