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
56 lines of Pine Script v5 from strategies/other/Omar MMR [Alorse].pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
Omar MMR [Alorse] enters long when price is above the slowest average, the fastest average is above the middle one, the MACD line crosses above its signal, and RSI is between 29 and 70. It exits with a percentage take profit and stop loss, both adjustable. It plots the three averages plus entry, target, and stop lines while a position is open. There are no short entries, and pyramiding is disabled.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
src
Length
int
14
lenRSI
Length A
int
20
len_a
B
int
50
len_b
C
int
200
len_c
Length Fast
int
12
fast_ma
Slow
int
26
slow_ma
Signal
int
9
signal_length
Take Profit (%)
float
1.5
longProfitPerc
Stop Loss (%)
float
2.0
longLossPerc
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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