This intraday strategy is designed for short-term scalping on equity and index markets like SPY. It evaluates price movement using configurable exponential and Hull moving averages combined with an ATR-based Supertrend calculation. The script plots signal arro
Strategy · Pine Script v6 · On the chart
MP EMA 9/21 Pullback Continuation
This trend-following strategy plots on the price chart and identifies continuation trades during established trends.
GitHub stars2on the repository
Pine versionv6current
Lines of code421
Settings36inputs
LicenceCustom licence
Last update4 weeks ago27 Sep 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
MP EMA 9/21 Pullback Continuation calculates dual exponential moving averages alongside an average directional index filter. Entries trigger when price pulls back into the moving-average zone and resumes, filtered by moving-average separation. Configurable inputs modify moving-average lengths, higher-timeframe filters, pullback depth limits, and stop modes. Positions use percent equity sizing with swing or average true range stops. Exits execute via partial profit-taking with breakeven stop movement and a trailing runner exit. Daily trade caps restrict executions, and setups cancel if pullbacks penetrate too deep.
- Higher timeframe EMA trend filter
- ADX trend regime filter
- ATR-based moving average separation filter
- Chandelier trailing stop exit
- Breakeven stop adjustment after TP1
Details
Published by
midngtpickle on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M1-M5, M15-H1
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 |
|---|---|---|---|
| Fast EMA | int | 9 | fastLen |
| Slow EMA | int | 21 | slowLen |
| Slope lookback | int | 3 | slopeLen |
| Higher timeframe filter | bool | true | useHtf |
| HTF | timeframe | 60 | htf |
| HTF EMA length | int | 50 | htfEmaLen |
| Require trending ADX | bool | true | useAdx |
| ADX length | int | 14 | adxLen |
| Min ADX | float | 22.0 | adxMin |
| Require EMA separation | bool | true | useSepar |
| Min 9/21 gap (ATR) | float | 0.15 | separAtr |
| Touch tolerance (ATR) | float | 0.20 | touchAtr |
Show all 36 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max pullback depth past slow EMA (ATR) | float | 0.35 | deepStop |
| Pullback expiry (bars) | int | 12 | armExpiry |
| Require close > prior high (long) | bool | false | needEngulf |
| Allow longs (bull) | bool | true | allowLong |
| Allow shorts (bear) | bool | true | allowShort |
| ATR length | int | 14 | atrLen |
| Stop placement | string | Swing | stopMode |
| ATR stop multiplier | float | 1.5 | atrStopMult |
| Swing stop buffer (ATR) | float | 0.15 | stopBuffer |
| TP1 at R multiple | float | 1.0 | tp1R |
| TP1 size % | int | 50 | tp1Pct |
| Runner exit | string | Chandelier | trailMode |
| TP2 at R multiple (Fixed R) | float | 2.5 | tp2R |
| Chandelier lookback | int | 10 | trailLen |
| Chandelier ATR mult | float | 2.0 | trailMult |
| Move stop to BE after TP1 | bool | true | moveBe |
| Time stop (bars, 0=off) | int | 0 | maxBars |
| Max entries per day | int | 5 | maxPerDay |
| Restrict to session | bool | false | useSess |
| Session | session | 0700-1600 | sess |
| Timezone | string | Europe/London | sessTz |
| Show stats table | bool | true | showTable |
| Position | string | Top Right | tblPos |
| Text size | string | Small | tblSize |
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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