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
Neural Network
A strategy that scores many indicators and trades when the total reaches a set threshold.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code1,438
Settings40inputs
LicenceNone stated
Last update1 year ago17 Jan 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
Inputs weight an EMA trend, SuperTrend, Parabolic SAR, Hull average, RSI, MACD, WaveTrend, Stochastic, Bollinger and ATR signals, including divergences. Separate strong and weak scores are required for long and short entries, with options to trade only with the 200 EMA trend and to alternate signals. Despite the name, it is a weighted score rather than a trained model. The stop loss setting is only a warning level.
- Weighted multi-indicator scoring
- Strong and weak long and short thresholds
- Optional trend-only trading
- Divergence and cross signals
- Long and short positions
Details
Published by
zhuzp98 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Trend
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 |
|---|---|---|---|
| Only Tade with Trend | bool | false | tradetrendoption |
| Trend EMA Length | int | 200 | len111 |
| Alternate Signals | bool | true | alternatesignals |
| Long Positions | bool | true | longpositions |
| Short Positions | bool | true | shortpositions |
| Stop Loss Warning (%) | float | -0.9 | stoplosspercent |
| Required Strong LONG Score | int | 10 | stronglongscore |
| Required Strong SHORT Score | int | 10 | strongshortscore |
| Required Weak LONG Score | int | 8 | weaklongscore |
| Required Weak SHORT Score | int | 8 | weakshortscore |
| EMA Trend Direction Importance | int | 2 | emadirectionimportance |
| EMA Pressure Importance | int | 0 | emapushpullimportance |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| SuperTrend Direction Importance | int | 1 | supertrenddirimportance |
| SuperTrend Reversal Importance | int | 1 | supertrendrevimportance |
| Parabolic SAR Direction Importance | int | 1 | psardirimportance |
| Parabolic SAR Reversal Importance | int | 1 | psarrevimportance |
| HMA Trend Direction Importance | int | 1 | hmacloseposimportance |
| HMA Pivot Importance | int | 2 | hmapivotimportance |
| RSI Divergence Importance | int | 2 | rsidivimportance |
| RSI Level Importance | int | 2 | rsilevelimportance |
| RSI Cross 50-Line Importance | int | 1 | rsidirectionimportance |
| MACD Divergence Importance | int | 1 | macddivimportance |
| MACD Histogram Pivot Importance | int | 1 | histpivotimportance |
| MACD Cross Signal Importance | int | 1 | macdcrosssignalimportance |
| WaveTrend Divergence Importance | int | 0 | wtdivimportance |
| WaveTrend Cross Signal Importance | int | 0 | wtcrosssignalimportance |
| Stochastic Divergence Importance | int | 3 | sdivimportance |
| Stoch Cross Signal Importance | int | 1 | scrosssignalimportance |
| BollingerBands Contact Importance | int | 0 | bbcontimportance |
| ATR Reversal Importance | int | 0 | atrrevimportance |
| RVI Position Importance | int | 0 | rviposimportance |
| RVI Divergence Importance | int | 0 | rvidivimportance |
| Support/Resistance Cross Importance | int | 0 | srcrossimportance |
| OBV Divergence Importance | int | 0 | obvdivimportance |
| CMF Cross 50-Line Importance | int | 3 | cmfcrossimportance |
| CMF Level Importance | int | 0 | cmflevimportance |
| VWAP Cross HMA Importance | int | 3 | vwapcrossimportance |
| VWAP Trend Importance | int | 0 | vwaptrendimportance |
| Engulfing Candle Importance | int | 2 | engulfingcandleimportance |
| Use BUY Alert | bool | true | usebuyalert |
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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