This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v5 · On the chart
Pro Algo System
This strategy combines a stack of exponential moving averages with RSI, MACD, stochastic and a volume spike check before entering long or short trades.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code350
Settings28inputs
LicenceNone stated
Last update4 months ago27 Jun 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
Stops and targets are set from ATR multiples, with an optional ATR trailing stop, and position size is derived from a percentage of equity at risk. Safety limits include a maximum drawdown halt, a daily trade cap, an optional session filter and a date range. It draws on the price chart.
- EMA stack with RSI, MACD and stochastic filters
- ATR stop loss, take profit and trailing stop
- Risk percent position sizing
- Drawdown halt and daily trade limit
Details
Published by
Meghraj-N on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Volatility & bands
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 9 | ema_fast |
| Slow EMA | int | 21 | ema_slow |
| Trend EMA | int | 50 | ema_trend |
| HTF Trend EMA | int | 200 | ema_htf |
| RSI Length | int | 14 | rsi_len |
| RSI Overbought | int | 65 | rsi_ob |
| RSI Oversold | int | 35 | rsi_os |
| MACD Fast | int | 12 | macd_fast |
| MACD Slow | int | 26 | macd_slow |
| MACD Signal | int | 9 | macd_sig |
| Stochastic K | int | 14 | stoch_k |
| Stochastic D | int | 3 | stoch_d |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Volume MA Length | int | 20 | vol_ma_len |
| ATR Length | int | 14 | atr_len |
| ATR SL Multiplier | float | 2.0 | atr_mult_sl |
| ATR TP Multiplier | float | 3.5 | atr_mult_tp |
| ATR Trail Multiplier | float | 1.5 | atr_trail_mult |
| Require Volume Spike | bool | true | require_vol_confirm |
| Risk % per Trade | float | 1.0 | risk_pct |
| Max Drawdown % (Circuit Breaker) | float | 15.0 | max_drawdown_pct |
| Max Trades per Day | int | 3 | max_daily_trades |
| Use Trailing Stop | bool | true | use_trailing |
| Enable Long Trades | bool | true | trade_long |
| Enable Short Trades | bool | true | trade_short |
| Filter by Session | bool | false | use_session |
| Allowed Session | session | 0915-1530 | session_str |
| Start Date | time | timestamp("01 Jan 2023 00:00") | start_date |
| End Date | time | timestamp("31 Dec 2024 00:00") | end_date |
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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