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
MY MACD Strategy
This strategy enters directional trades based on MACD histogram zero-line crossovers filtered by a safety threshold.
GitHub stars36on the repository
Pine versionv5runs as is
Lines of code42
Settings10inputs
LicenceNone stated
Last update1 year ago16 Jun 2025
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
Users toggle long or short trading modes independently. MACD lines can be calculated using simple or exponential moving averages. Exits execute when the histogram momentum shifts while the position is in profit. The strategy scales up position sizes when existing open trades are at a loss, permitting up to ten open entries without a built-in stop loss.
- MACD histogram zero-line crossover execution
- Configurable SMA and EMA calculation modes
- Unidirectional long or short selection toggles
- Dynamic lot scaling during losing open trades
- Position exit triggered by histogram momentum shifts
Details
Published by
Li-Hongmin on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages
Markets
Forex
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Topics
tradingviewtradingview-pine-scriptsstrategiesmacdfx
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast Length | int | 12 | fast_length |
| Slow Length | int | 26 | slow_length |
| Signal Smoothing | int | 9 | signal_length |
| Simple MA(Oscillator) | bool | true | sma_source |
| Simple MA(Signal Line) | bool | false | sma_signal |
| ifsell | bool | true | ifsell |
| ifbuy | bool | false | ifbuy |
| lot (times of 0.1 lot) | int | 1 | baselot |
| safeline | int | 0 | safeline |
| Source | source | close | src |
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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