Strategy · Pine Script v6 · On the chart

PineForge — Meridian DMI Regime

by pineforge-4pass· code credited to PineForge

The PineForge — Meridian DMI Regime strategy evaluates trend direction and momentum using the Directional Movement Index, Average Directional Index, and an Exponential Moving Average.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code40
Settings7inputs
LicenceApache-2.0
Last update7 days ago23 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

40 lines of Pine Script v6 from validation/ta-meridian-dmi-regime-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

strategy.pine
//@version=6
// SPDX-License-Identifier: Apache-2.0
// Copyright 2026 PineForge
// PineForge Corporate Strategy: Meridian DMI Regime
// Directional movement is admitted only inside a measured trend-strength regime.
strategy("PineForge — Meridian DMI Regime", overlay=true,
     initial_capital=100000,
     default_qty_type=strategy.fixed, default_qty_value=2,
     pyramiding=0, commission_type=strategy.commission.percent,
     commission_value=0.05, slippage=1,
     margin_long=100, margin_short=100,
     process_orders_on_close=false, calc_on_order_fills=false)

diLength = input.int(14, "DI Length", minval=2, group="Signal")
adxSmoothing = input.int(12, "ADX Smoothing", minval=2, group="Signal")
trendLength = input.int(48, "Trend EMA", minval=5, group="Signal")
entryStrength = input.float(19.0, "Entry ADX", minval=5, maxval=60, step=0.5, group="Signal")
exitStrength = input.float(14.0, "Exit ADX", minval=5, maxval=50, step=0.5, group="Signal")
atrLength = input.int(18, "ATR Length", minval=2, group="Risk")
stopAtr = input.float(2.2, "Stop ATR", minval=0.5, step=0.1, group="Risk")

[positiveDi, negativeDi, adxValue] = ta.dmi(diLength, adxSmoothing)
trend = ta.ema(close, trendLength)
atrValue = ta.atr(atrLength)

entrySignal = ta.crossover(positiveDi, negativeDi) and adxValue > entryStrength and close > trend
exitSignal = ta.crossunder(positiveDi, negativeDi) or adxValue < exitStrength or close < trend

if entrySignal
    strategy.entry("Meridian Long", strategy.long)

if strategy.position_size > 0 and exitSignal
    strategy.close("Meridian Long", comment="Directional regime ended")

if strategy.position_size > 0
    strategy.exit("Meridian Guard", from_entry="Meridian Long",
         stop=strategy.position_avg_price - atrValue * stopAtr)

plot(trend, "Trend EMA", color=color.orange)
plot(adxValue, "ADX", color=color.purple, display=display.data_window)

Overview

PineForge — Meridian DMI Regime enters long trades when +DI crosses above -DI, provided ADX exceeds the designated entry strength and price stays above the Trend EMA. The strategy exits when -DI crosses back above +DI, ADX falls below the exit threshold, or price closes below the EMA. An ATR-based fixed stop loss guards active positions. The Trend EMA overlays directly on the price chart.

Details

Published by

pineforge-4pass on GitHub

Code credit

PineForge, as written in the script's header

Draws

On the price chart

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.

Topics

algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
DI Lengthint14diLength
ADX Smoothingint12adxSmoothing
Trend EMAint48trendLength
Entry ADXfloat19.0entryStrength
Exit ADXfloat14.0exitStrength
ATR Lengthint18atrLength
Stop ATRfloat2.2stopAtr
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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