This overlay strategy marks short-term turning points on the price chart and enters SPY option-style trades from them. It plots simple moving averages of highs and lows, draws up and down reversal arrows, and colors bars when a short-term extreme coincides wit
Strategy · Pine Script v6 · On the chart
PF FX 5dp - SMA20/50 cross
This strategy generates crossover signals using SMA20 and SMA50 on the EURUSD forex pair at 5 decimal places.
GitHub stars1on the repository
Pine versionv6current
Lines of code32
Settings0inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
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
32 lines of Pine Script v6 from special-validation/forex/symbol-fx-5dp-eurusd-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF symbol/FX 5-decimal probe — plain SMA(20) vs SMA(50) crossover on a
// 5-dp forex instrument (OANDA:EURUSD, mintick 0.00001). Isolates two things
// the ETH-USDT feed cannot exercise:
// 1. 5-decimal price scale (prices ~1.0xxxx, not ~1800), so any latent
// assumption about price magnitude / tick granularity surfaces.
// 2. Sub-pip slippage rounding: slippage=2 ticks * mintick 0.00001 = 0.00002
// added/subtracted at fill, which must round to the 5th decimal exactly.
// strategy.close on the opposite signal keeps the position flat-or-long/flat-
// or-short with no pyramiding, so each fill is a clean single-leg adjudication.
//@version=6
strategy("PF FX 5dp - SMA20/50 cross", shorttitle="FX5DP",
overlay=true, initial_capital=1000000, currency=currency.USD,
commission_type=strategy.commission.percent, commission_value=0, slippage=2,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
fast = ta.sma(close, 20)
slow = ta.sma(close, 50)
longCond = ta.crossover(fast, slow)
shortCond = ta.crossunder(fast, slow)
if longCond
strategy.close("S", comment="close short")
strategy.entry("L", strategy.long, comment="sma cross up")
if shortCond
strategy.close("L", comment="close long")
strategy.entry("S", strategy.short, comment="sma cross dn")
Overview
PF FX 5dp - SMA20/50 cross enters a long position when the fast SMA crosses above the slow SMA and immediately closes any existing short position. It enters a short position on the downward SMA20 cross below SMA50 and closes any existing long position. The strategy uses fixed position sizing of one unit and overlays signals directly on the price chart. It has no stop loss and no pyramiding because opposite positions close before new entries.
- SMA20 SMA50 crossover
- long short crossover signals
- EURUSD forex
- fixed position sizing
- overlay on price chart
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Moving averages, Trend, Scalping
Markets
Forex
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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