Multi-Indicator Trading System: Free TradingView Indicator (Pine Script)

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 indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

192 lines of Pine Script v5 from EMARSIMACD.DemoV1.txt, published under MIT. Keep the author's credit and licence lines when you reuse it.

EMARSIMACD.DemoV1.txt

// TradingView Pine Script
//@version=5
indicator("💹 Multi-Indicator Trading System", shorttitle="Multi-Indicator System", overlay=true)

// Input parameters
ema50_length = input.int(50, title="EMA 50 Length", minval=1)
ema200_length = input.int(200, title="EMA 200 Length", minval=1)
show_signals = input.bool(true, title="Show Buy/Sell Signals")
show_ema_lines = input.bool(true, title="Show EMA Lines")
rr_ratio = input.float(2.0, title="Reward/Risk Ratio", minval=0.5, maxval=10.0, step=0.5)
show_tp_sl = input.bool(true, title="Show TP/SL Lines")
tf_1h = input.timeframe("30", title="Higher Timeframe 1 (e.g., 30 for 30M)")
tf_4h = input.timeframe("240", title="Higher Timeframe 2 (e.g., 240 for 4H)")
lookback_bars = input.int(50, title="Lookback Bars for SL", minval=1)

// New inputs for indicator combinations
entry_signal_type = input.string("MACD+RSI", title="Entry Signal Type", options=["MACD+RSI", "Ichimoku+MACD"])
use_macd_hist = input.bool(true, title="Use MACD Histogram Confirmation")
use_rsi = input.bool(true, title="Use RSI Confirmation")

// Calculate EMAs for current timeframe
ema50 = ta.ema(close, ema50_length)
ema200 = ta.ema(close, ema200_length)

// Manual Ichimoku calculation for current TF
tenkan_period = 9
kijun_period = 26
senkou_period = 52
tenkan = (ta.highest(high, tenkan_period) + ta.lowest(low, tenkan_period)) / 2
kijun = (ta.highest(high, kijun_period) + ta.lowest(low, kijun_period)) / 2
senkouA = (tenkan + kijun) / 2
senkouB = (ta.highest(high, senkou_period) + ta.lowest(low, senkou_period)) / 2
chikou = close[26]

// MACD on current TF
[macdLine, signalLine, histLine] = ta.macd(close, 12, 26, 9)

// RSI on current TF
rsi = ta.rsi(close, 14)

// Request Ichimoku components from higher timeframes
[tenkan_1h, kijun_1h, senkouA_1h, senkouB_1h] = request.security(syminfo.tickerid, tf_1h, [(ta.highest(high, tenkan_period) + ta.lowest(low, tenkan_period)) / 2, (ta.highest(high, kijun_period) + ta.lowest(low, kijun_period)) / 2, ((ta.highest(high, tenkan_period) + ta.lowest(low, tenkan_period)) / 2 + (ta.highest(high, kijun_period) + ta.lowest(low, kijun_period)) / 2) / 2, (ta.highest(high, senkou_period) + ta.lowest(low, senkou_period)) / 2])
[tenkan_4h, kijun_4h, senkouA_4h, senkouB_4h] = request.security(syminfo.tickerid, tf_4h, [(ta.highest(high, tenkan_period) + ta.lowest(low, tenkan_period)) / 2, (ta.highest(high, kijun_period) + ta.lowest(low, kijun_period)) / 2, ((ta.highest(high, tenkan_period) + ta.lowest(low, tenkan_period)) / 2 + (ta.highest(high, kijun_period) + ta.lowest(low, kijun_period)) / 2) / 2, (ta.highest(high, senkou_period) + ta.lowest(low, senkou_period)) / 2])

// Plot EMA lines for current timeframe
plot(show_ema_lines ? ema50 : na, color=color.new(color.blue, 20), linewidth=2, title="EMA 50")
plot(show_ema_lines ? ema200 : na, color=color.new(color.red, 20), linewidth=2, title="EMA 200")

// Define higher TF trend conditions (Ichimoku)
bullish_trend_1h = close > math.max(senkouA_1h, senkouB_1h)
bearish_trend_1h = close < math.min(senkouA_1h, senkouB_1h)
bullish_trend_4h = close > math.max(senkouA_4h, senkouB_4h)
bearish_trend_4h = close < math.min(senkouA_4h, senkouB_4h)

// Define entry signals
macd_buy = ta.crossover(macdLine, signalLine)
macd_sell = ta.crossunder(macdLine, signalLine)
tenkan_kijun_buy = ta.crossover(tenkan, kijun)
tenkan_kijun_sell = ta.crossunder(tenkan, kijun)

// Track previous signals to prevent duplicate orders
var bool last_bullish_cross = false
var bool last_bearish_cross = false

// Final entry conditions
bullish_cross = (entry_signal_type == "MACD+RSI" and macd_buy and (not use_rsi or (rsi > 50 or ta.crossover(rsi, 30))) and bullish_trend_1h and bullish_trend_4h and (not use_macd_hist or histLine > 0) and not last_bullish_cross) or (entry_signal_type == "Ichimoku+MACD" and tenkan_kijun_buy and bullish_trend_1h and bullish_trend_4h and (not use_macd_hist or histLine > 0) and not last_bullish_cross)

bearish_cross = (entry_signal_type == "MACD+RSI" and macd_sell and (not use_rsi or (rsi < 50 or ta.crossunder(rsi, 70))) and bearish_trend_1h and bearish_trend_4h and (not use_macd_hist or histLine < 0) and not last_bearish_cross) or (entry_signal_type == "Ichimoku+MACD" and tenkan_kijun_sell and bearish_trend_1h and bearish_trend_4h and (not use_macd_hist or histLine < 0) and not last_bearish_cross)

// Update last signal status
if bullish_cross
    last_bullish_cross := true
    last_bearish_cross := false
else if bearish_cross
    last_bullish_cross := false
    last_bearish_cross := true
else
    last_bullish_cross := false
    last_bearish_cross := false

// Calculate SMA(1), which is just close
sma1 = close

// Calculate wick-based SL
max_sma1 = ta.highest(sma1, lookback_bars)
min_sma1 = ta.lowest(sma1, lookback_bars)

// Variables for position management
var float entry_price = na
var float stop_loss = na
var float take_profit = na
var string current_position = "NONE"
var int total_trades = 0
var int winning_trades = 0
var float win_rate = 0.0

// Position management
if current_position == "LONG"
    if close >= take_profit
        winning_trades := winning_trades + 1
        current_position := "NONE"
    else if close <= stop_loss
        current_position := "NONE"
    else if bearish_cross
        if close > entry_price
            winning_trades := winning_trades + 1
        current_position := "NONE"

if current_position == "SHORT"
    if close <= take_profit
        winning_trades := winning_trades + 1
        current_position := "NONE"
    else if close >= stop_loss
        current_position := "NONE"
    else if bullish_cross
        if close < entry_price
            winning_trades := winning_trades + 1
        current_position := "NONE"

// Enter new positions
if current_position == "NONE"
    if bullish_cross
        entry_price := close
        stop_loss := min_sma1
        take_profit := entry_price + (entry_price - stop_loss) * rr_ratio
        current_position := "LONG"
        total_trades := total_trades + 1
    else if bearish_cross
        entry_price := close
        stop_loss := max_sma1
        take_profit := entry_price - (stop_loss - entry_price) * rr_ratio
        current_position := "SHORT"
        total_trades := total_trades + 1

// Calculate win rate
win_rate := total_trades > 0 ? (winning_trades / total_trades) * 100 : 0

// Plot signals
plotshape(show_signals and bullish_cross, title="Buy Signal", location=location.belowbar, style=shape.triangleup, size=size.normal, color=color.new(color.lime, 0), text="🔼 BUY")
plotshape(show_signals and bearish_cross, title="Sell Signal", location=location.abovebar, style=shape.triangledown, size=size.normal, color=color.new(color.red, 0), text="🔽 SELL")

// Plot TP/SL lines
plot(show_tp_sl and not na(entry_price) and current_position != "NONE" ? entry_price : na, title="Entry Price", color=color.new(color.yellow, 0), linewidth=1, style=plot.style_circles)
plot(show_tp_sl and not na(stop_loss) and current_position != "NONE" ? stop_loss : na, title="Stop Loss", color=color.new(color.red, 30), linewidth=1, style=plot.style_circles)
plot(show_tp_sl and not na(take_profit) and current_position != "NONE" ? take_profit : na, title="Take Profit", color=color.new(color.lime, 30), linewidth=1, style=plot.style_circles)

// Alerts
alertcondition(bullish_cross, title="Bullish Signal", message="🚀 Bullish Signal Detected!")
alertcondition(bearish_cross, title="Bearish Signal", message="📉 Bearish Signal Detected!")

// Table for dashboard
if barstate.islast
    var table info_table = table.new(position.top_right, 2, 13, bgcolor=color.new(color.black, 10), border_width=2, border_color=color.new(color.gray, 50), frame_width=1, frame_color=color.new(color.white, 0))
    
    table.cell(info_table, 0, 0, "📊 TRADING DASHBOARD", text_color=color.new(color.white, 0), bgcolor=color.new(color.blue, 20), text_size=size.normal)
    table.cell(info_table, 1, 0, "", bgcolor=color.new(color.blue, 20))
    
    table.cell(info_table, 0, 1, "Current Trend:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 1, ema50 > ema200 ? "🟢 BULLISH" : "🔴 BEARISH", text_color=color.new(color.white, 0), bgcolor=ema50 > ema200 ? color.new(color.lime, 20) : color.new(color.red, 20), text_size=size.small)
    
    table.cell(info_table, 0, 2, tf_1h + " Trend:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 2, bullish_trend_1h ? "🟢 BULLISH" : "🔴 BEARISH", text_color=color.new(color.white, 0), bgcolor=bullish_trend_1h ? color.new(color.lime, 20) : color.new(color.red, 20), text_size=size.small)
    
    table.cell(info_table, 0, 3, tf_4h + " Trend:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 3, bullish_trend_4h ? "🟢 BULLISH" : "🔴 BEARISH", text_color=color.new(color.white, 0), bgcolor=bullish_trend_4h ? color.new(color.lime, 20) : color.new(color.red, 20), text_size=size.small)
    
    table.cell(info_table, 0, 4, "EMA 50:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 4, str.tostring(ema50, "#.##"), text_color=color.new(color.blue, 0), bgcolor=color.new(color.white, 0), text_size=size.small)
    
    table.cell(info_table, 0, 5, "EMA 200:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 5, str.tostring(ema200, "#.##"), text_color=color.new(color.red, 0), bgcolor=color.new(color.white, 0), text_size=size.small)
    
    table.cell(info_table, 0, 6, "RR Ratio:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 6, str.tostring(rr_ratio, "#.##"), text_color=color.new(color.yellow, 0), bgcolor=color.new(color.white, 0), text_size=size.small)
    
    table.cell(info_table, 0, 7, "Lookback Bars:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 7, str.tostring(lookback_bars), text_color=color.new(color.yellow, 0), bgcolor=color.new(color.white, 0), text_size=size.small)
    
    table.cell(info_table, 0, 8, "Win Rate:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 8, str.tostring(win_rate, "#.##") + "% (" + str.tostring(winning_trades) + "/" + str.tostring(total_trades) + ")", text_color=color.new(color.white, 0), bgcolor=win_rate >= 60 ? color.new(color.lime, 20) : win_rate >= 40 ? color.new(color.orange, 20) : color.new(color.red, 20), text_size=size.small)
    
    table.cell(info_table, 0, 9, "Position:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 9, current_position == "NONE" ? "💤 No Position" : current_position == "LONG" ? "📈 LONG" : "📉 SHORT", text_color=color.new(color.white, 0), bgcolor=current_position == "LONG" ? color.new(color.lime, 20) : current_position == "SHORT" ? color.new(color.red, 20) : color.new(color.gray, 50), text_size=size.small)
    
    table.cell(info_table, 0, 10, "Entry Price:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 10, current_position != "NONE" and not na(entry_price) ? str.tostring(entry_price, "#.##") : "---", text_color=color.new(color.yellow, 0), bgcolor=color.new(color.white, 0), text_size=size.small)
    
    table.cell(info_table, 0, 11, "Entry Signal:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 11, entry_signal_type, text_color=color.new(color.white, 0), bgcolor=color.new(color.black, 0), text_size=size.small)
    
    table.cell(info_table, 0, 12, "MACD Hist Conf:", text_color=color.new(color.white, 0), bgcolor=color.new(color.gray, 70), text_size=size.small)
    table.cell(info_table, 1, 12, use_macd_hist ? "Enabled" : "Disabled", text_color=color.new(color.white, 0), bgcolor=color.new(color.black, 0), text_size=size.small)

Overview

Multi-Indicator Trading System evaluates local timeframe indicators alongside higher timeframe trend filters to generate buy and sell signal labels. Users can choose between signal mode combinations like MACD with RSI or Ichimoku with MACD, modify higher timeframes, and plot target risk-to-reward stop-loss and take-profit levels directly on the chart.

Multi-timeframe trend filtering via Ichimoku Cloud
EMA 50 and EMA 200 trend line overlays
MACD and RSI entry signal confirmation logic
Configurable risk-reward ratio and TP/SL target projection

Details

Published by

rmtsu9 on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

M15-H1, H4 and above

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.

File

EMARSIMACD.DemoV1.txt

Repository

github.com/rmtsu9/Tradingview-Indicator-bot-trade-idea. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
EMA 50 Length	`int`	`50`	`ema50_length`
EMA 200 Length	`int`	`200`	`ema200_length`
Show Buy/Sell Signals	`bool`	`true`	`show_signals`
Show EMA Lines	`bool`	`true`	`show_ema_lines`
Reward/Risk Ratio	`float`	`2.0`	`rr_ratio`
Show TP/SL Lines	`bool`	`true`	`show_tp_sl`
Higher Timeframe 1 (e.g., 30 for 30M)	`timeframe`	`30`	`tf_1h`
Higher Timeframe 2 (e.g., 240 for 4H)	`timeframe`	`240`	`tf_4h`
Lookback Bars for SL	`int`	`50`	`lookback_bars`
Entry Signal Type	`string`	`MACD+RSI`	`entry_signal_type`
Use MACD Histogram Confirmation	`bool`	`true`	`use_macd_hist`
Use RSI Confirmation	`bool`	`true`	`use_rsi`

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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