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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
Over Buy Sell Strategy
A momentum strategy on the price chart that combines RSI, MACD histogram, ADX with directional lines and a large-candle test against ATR.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code160
Settings14inputs
LicenceNone stated
Last update3 months ago14 Jul 2026
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
Bullish and bearish momentum states require all of these to agree and exclude overbought or oversold readings. It also reads stochastic, MACD and RSI values from the daily timeframe as a trend check. Settings cover each indicator length and threshold. Default sizing is all equity per trade; the visible code shows no stop loss.
- RSI, MACD, ADX and ATR candle confirmation
- Daily stochastic, MACD and RSI trend check
- Overbought and oversold filter
- Adjustable thresholds and lengths
Details
Published by
tthanhvu002sgu on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Trend
Markets
Any symbol
Timeframes
Any timeframe
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | rsi_length |
| RSI Threshold | int | 50 | rsi_threshold |
| MACD Fast Length | int | 12 | macd_fast_length |
| MACD Slow Length | int | 26 | macd_slow_length |
| MACD Signal Length | int | 9 | macd_signal_length |
| ADX Length | int | 14 | adx_length |
| ADX Threshold | int | 20 | adx_threshold |
| Overbought Level | int | 80 | overbought_level |
| Oversold Level | int | 25 | oversold_level |
| Bollinger Bands Length | int | 20 | bb_length |
| Bollinger Bands Deviation | float | 2.0 | bb_dev |
| ATR Length | int | 14 | atr_length |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Multiplier | float | 0.9 | atr_multiplier |
| Lookback Period | int | 20 | lookback |
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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