This strategy plots MACD line, signal line, Bollinger Bands, and RSI on the price chart. It signals long entries on MACD crossover above signal with RSI below 50 and price below BB basis, plus optional DMI filter. Short entries are available but disabled by de
Strategy · Pine Script v6 · On the chart
RSI + ATR Strategy [trugurpala]
This strategy enters long when RSI is above a minimum threshold and price is above a trend EMA, and short when RSI is below a maximum threshold and price is below that EMA.
GitHub stars4on the repository
Pine versionv6current
Lines of code37
Settings7inputs
LicenceMIT
Last update2 months ago3 Aug 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
37 lines of Pine Script v6 from examples/strategies/06_rsi_atr_strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
// RSI + ATR Dynamic SL/TP — Optimized for VIOP/BIST30
// github.com/trugurpala/pinescriptv6 — Author: Ugur Pala
strategy("RSI + ATR Strategy [trugurpala]",
overlay=true, initial_capital=10000,
default_qty_type=strategy.percent_of_equity, default_qty_value=10,
commission_type=strategy.commission.percent, commission_value=0.03,
slippage=2)
// ── Inputs ───────────────────────────────────────────────────────────────────
int rsiLen = input.int(14, "RSI Length", minval=1)
float rsiOb = input.float(60, "RSI Long Min", minval=50, maxval=80)
float rsiOs = input.float(40, "RSI Short Max", minval=20, maxval=50)
int trendLen = input.int(50, "Trend EMA", minval=1)
int atrLen = input.int(14, "ATR Length", minval=1)
float slMult = input.float(2.0, "SL Mult", step=0.1)
float tpMult = input.float(3.0, "TP Mult", step=0.1)
// ── Calculations ─────────────────────────────────────────────────────────────
float rsi = ta.rsi(close, rsiLen)
float trendEma = ta.ema(close, trendLen)
float atrVal = ta.atr(atrLen)
bool longEntry = rsi > rsiOb and close > trendEma and strategy.position_size == 0
bool shortEntry = rsi < rsiOs and close < trendEma and strategy.position_size == 0
// ── Entries ──────────────────────────────────────────────────────────────────
if longEntry
strategy.entry("Long", strategy.long)
strategy.exit("Long Exit", "Long", stop=close - slMult * atrVal, limit=close + tpMult * atrVal)
if shortEntry
strategy.entry("Short", strategy.short)
strategy.exit("Short Exit", "Short", stop=close + slMult * atrVal, limit=close - tpMult * atrVal)
// ── Visuals ──────────────────────────────────────────────────────────────────
plot(trendEma, "Trend EMA", color.orange, linewidth=2)
plotshape(longEntry, "Long", shape.triangleup, location.belowbar, color.green, size=size.normal)
plotshape(shortEntry, "Short", shape.triangledown, location.abovebar, color.red, size=size.normal)
Overview
RSI + ATR Strategy [trugurpala] opens a trade only while flat. Exits place an ATR multiple as the stop and a larger ATR multiple as the take profit, with size set as a percent of equity. RSI length, thresholds, EMA length, ATR length, and both multiples are inputs. It plots the EMA and entry markers on the price chart.
- RSI threshold long and short entries
- Trend EMA direction filter
- ATR multiple stop and take profit
- Flat-position entry gate
- Percent-of-equity position size
Details
Published by
trugurpala on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, Volatility & bands
Markets
Stocks, Indices
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
aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | rsiLen |
| RSI Long Min | float | 60 | rsiOb |
| RSI Short Max | float | 40 | rsiOs |
| Trend EMA | int | 50 | trendLen |
| ATR Length | int | 14 | atrLen |
| SL Mult | float | 2.0 | slMult |
| TP Mult | float | 3.0 | tpMult |
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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