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 Strategy
This strategy measures price momentum as the difference between the close and the close a set number of bars earlier, then measures the one-bar change of that momentum.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code18
Settings1inputs
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
18 lines of Pine Script v5 from Strategies/All Strategies are Here 🤩/Momentum-Strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("Momentum Strategy", overlay=true)
length = input(12)
price = close
momentum(seria, length) =>
mom = seria - seria[length]
mom
mom0 = momentum(price, length)
mom1 = momentum( mom0, 1)
if (mom0 > 0 and mom1 > 0)
strategy.entry("MomLE", strategy.long, stop=high+syminfo.mintick, comment="MomLE")
else
strategy.cancel("MomLE")
if (mom0 < 0 and mom1 < 0)
strategy.entry("MomSE", strategy.short, stop=low-syminfo.mintick, comment="MomSE")
else
strategy.cancel("MomSE")
//plot(strategy.equity, title="equity", color=color.red, linewidth=2, style=plot.style_areabr)
Overview
Momentum Strategy places a long stop order just above the bar high when both values are positive, and a short stop order just below the bar low when both are negative. Otherwise it cancels the pending order. The length input sets the lookback. Entries plot on the price chart. There is no stop loss or take profit.
- Close-based momentum lookback
- One-bar momentum change filter
- Long stop entry above the high
- Short stop entry below the low
- Adjustable length input
Details
Published by
TWODS-CAPITAL on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum
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 |
|---|---|---|---|
| length | int | 12 | length |
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.
Similar Pine Scripts
This strategy plots on the price chart and opens long or short positions when a weighted score from MACD, Stochastic RSI, RSI, Supertrend and a moving-average crossover exceeds a user-set trigger. Each component has its own weight and candle delay. Entries can
Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish
Donald - AI Futures 5M 15M Timeframe is an overlay trading strategy designed for intraday futures trading. It utilizes rational quadratic kernel regression to construct dynamic momentum zones and smoothed price boundaries on the main price chart. The strategy
This overlay strategy is built around MACD inputs for a fast average, a slow average, and a signal line. Comments say the script keeps MACD values available and can draw a histogram and zero line in a separate pane, with an optional overlay on price. Settings
255 EMA Strategy combines an exponential moving average with Average True Range bands and standard MACD crossovers to generate entry signals. Drawn directly on the price chart, it plots the central 255 EMA along with upper and lower volatility envelopes. Trade
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers