//@version=5
strategy("Pivot Trend RMA", overlay=true)
smooth = ta.rma(close, 10)
pivotHigh = ta.pivothigh(high, 3, 3)
pivotLow = ta.pivotlow(low, 3, 3)
trendUp = ta.rising(smooth, 3)
trendDown = ta.falling(smooth, 3)
crossAny = ta.cross(close, smooth)
plot(smooth)
longCondition = crossAny and trendUp and not na(pivotLow)
shortCondition = crossAny and trendDown and not na(pivotHigh)
if (longCondition)
strategy.entry("Long", strategy.long)
if (shortCondition)
strategy.entry("Short", strategy.short)
Overview
Pivot Trend RMA plots the RMA line directly on the price chart. Long entries trigger when price crosses the RMA while the RMA is rising and a pivot low is detected. Short entries trigger when price crosses the RMA while it is falling and a pivot high is confirmed. The strategy contains no stop loss, take profit, or specific exit rules.
10-period RMA trend baseline calculation
Pivot high and low detection using 3-bar lookback and lookforward
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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