This strategy trades longs and shorts on the price chart. Long entries require a close above the prior Donchian high, a close above a long-term SMA, and RSI above a threshold, with size set as a percentage of equity. Long exits use a stop at the prior Donchian
Strategy · Pine Script v5 · On the chart
RSI EMA Breakout
This strategy trades momentum breakouts by combining an Exponential Moving Average with the Relative Strength Index.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code25
Settings6inputs
LicenceNone stated
Last update6 days ago22 Oct 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
RSI EMA Breakout enters a long position when the closing price is above the EMA and the RSI crosses above the breakout threshold. It enters a short position and closes existing longs when the price falls below the EMA and the RSI drops below the weakness threshold. Exits are managed through predefined target profit and stop loss values. Configurable settings include EMA and RSI lengths, breakout boundaries, and exit parameters.
- EMA trend filter
- RSI momentum breakout detection
- Configurable stop loss and take profit targets
- Opposite-signal position reversal logic
Details
Published by
latentwill on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Breakout
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA Length | int | 20 | ema_len |
| RSI Length | int | 14 | rsi_len |
| RSI Breakout Level | int | 55 | rsi_break |
| RSI Weakness Level | int | 45 | rsi_weak |
| Stop Loss % | float | 2.0 | stop_pct |
| Take Profit % | float | 4.0 | profit_pct |
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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