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 v6 · On the chart
PF process-orders 01 - on_close=false
This strategy serves as a validation probe to test default order execution timing where orders are processed on the open of the following bar.
GitHub stars1on the repository
Pine versionv6current
Lines of code35
Settings0inputs
LicenceApache-2.0
Last update7 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
35 lines of Pine Script v6 from validation/order-process-on-close-false-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
//
// Process-orders probe 01 — process_orders_on_close=false (TV default)
//
// Purpose: pin TV-default order processing semantics. With
// process_orders_on_close=false, a market entry submitted on the
// signal bar must fill at the NEXT bar's open. Companion fixture
// process-orders-probe-02 has identical logic with =true; cross-
// compare reveals next-bar-open shift.
//
// Trade shape: simple long-only EMA crossover gated by RSI<70,
// exit on EMA cross-under. ≥10 cycles over 36k bars.
//
// TV setup: 15m chart, ETH-USDT-USDT, same window as
// data/ohlcv_ETH-USDT-USDT_15m.csv. TradingView strategy report for this window.
//@version=6
strategy("PF process-orders 01 - on_close=false", shorttitle="POC_p01_FALSE", overlay=true,
initial_capital=1000000,
commission_type=strategy.commission.percent, commission_value=0, slippage=0,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
rsiVal = ta.rsi(close, 14)
emaFast = ta.ema(close, 9)
emaSlow = ta.ema(close, 21)
bool entryCond = ta.crossover(emaFast, emaSlow) and rsiVal < 70
bool exitCond = ta.crossunder(emaFast, emaSlow)
if entryCond and strategy.position_size == 0
strategy.entry("L", strategy.long, qty=1, comment="entry")
if exitCond and strategy.position_size > 0
strategy.close("L", comment="exit")
Overview
PF process-orders 01 - on_close=false implements a simple long-only system using a 9-period and 21-period exponential moving average crossover filtered by a 14-period RSI below 70. When the fast EMA crosses below the slow EMA, the strategy closes the open position. It draws directly on the price chart without user-configurable inputs, fixed stop losses, or take-profit targets.
- EMA crossover entry logic
- RSI filter gating long entries
- EMA crossunder exit condition
- Standard next-bar-open order processing
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
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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