Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s
Strategy · Pine Script v5 · On the chart
One EMA Strategy
This strategy plots one exponential moving average of the close on the price chart and colors it and the background by whether price is above or below that average.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code35
Settings1inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago8 Jun 2022
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 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
35 lines of Pine Script v5 from One EMA strategy.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © aofwittawat
//@version=5
strategy("One EMA Strategy", overlay=true)
//User Input
ema_len = input.int(title = "EMA length", defval = 18, tooltip="Timeframe day use EMA18 and 5mins use EMA22", step = 5)
//Get EMA indicator
ema = ta.ema(close, ema_len)
//Get Criteria
var position = 0
validLong = false
validShort = false
entryLong = false
entryShort = false
validLong := close > ema and not na(ema)
validShort := close < ema and not na(ema)
position := validLong ? 1 : -1
entryLong := position[1] == -1 and position == 1 or position == 0 and strategy.position_size == 0 and barstate.isconfirmed
entryShort := position[1] == 1 and position == -1 or position == 0 and strategy.position_size == 0 and barstate.isconfirmed
mafilter = close > ema ? true : false
// Enter order buy and sell
if entryLong
strategy.close(id="Short", when=strategy.position_size < 0)
strategy.entry(id="Long", direction=strategy.long)
if entryShort
strategy.close(id="Long", when=strategy.position_size > 0)
strategy.entry(id="Short", direction=strategy.short)
//Draw
plot(ema, title = "EMA", color = mafilter ? color.green : color.red, linewidth = 2)
bgcolor(validLong ? color.new(color.green,80): color.new(color.red,80))
Overview
One EMA Strategy flips from short to long when the close crosses above the EMA and from long to short when the close crosses below it, closing the opposite position before each new entry. Entries are evaluated only after the bar is confirmed. The EMA length is the only setting. There is no stop loss, take profit, or position sizing rule.
- Single EMA of the close
- Long and short flip entries
- Opposite position closed before entry
- Confirmed-bar entry filter
- EMA and background color by side
Details
Published by
aofwittawat on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages
Markets
Any symbol
Timeframes
M1-M5, H4 and above
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 |
|---|---|---|---|
| EMA length | int | 18 | ema_len |
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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