This strategy overlays three exponential moving averages on the price chart, with periods of 9, 50, and 200. It calculates a MACD histogram from a 1-minute timeframe, applies Bollinger Bands to the histogram, and tracks two RSI oscillators of different lengths
Strategy · Pine Script v5 · On the chart
RSI MA Scalp Strategy
A momentum scalping strategy designed for 5-minute charts that combines the Relative Strength Index (RSI) with fast and slow Simple Moving Averages (SMA).
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code35
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 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
35 lines of Pine Script v5 from Tradingview/rsi-ma-scalp-strategy.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains
//@version=5
strategy("RSI MA Scalp Strategy", overlay = true)
// @keywords: rsi-overbought-entry, rsi-oversold-entry, fast-slow-sma, five-minute-scalp, long-on-rsi70, short-on-rsi30, dual-ma-confirmation, strategy-overlay-plots, momentum-scalp-rules, rsi14-default, sma5-sma20, simple-entry-logic, rsi-ma-confluence, scalp-strategy-backtest, ma-trend-alignment, intraday-scalp-setup, rsi-threshold-gates, strategy-long-short, no-exit-rules, basic-rsi-strategy
// This script is for scalp trading on a 5-minute time frame
// Define the time frame and the RSI period
timeframe = "5"
rsiPeriod = 14
// Get the close price and the RSI value
rsiValue = ta.rsi(close, rsiPeriod)
// Define the moving averages
fastMA = ta.sma(close, 5)
slowMA = ta.sma(close, 20)
// Buy signal: RSI above 70 and fast MA crosses above slow MA
if rsiValue > 70 and fastMA > slowMA
strategy.entry("Long", strategy.long)
// Sell signal: RSI below 30 and fast MA crosses below slow MA
if rsiValue < 30 and fastMA < slowMA
strategy.entry("Short", strategy.short)
// Plot the RSI and moving averages
plot(rsiValue, title="RSI")
plot(fastMA, title="Fast MA")
plot(slowMA, title="Slow MA")
Overview
RSI MA Scalp Strategy triggers long entries when the 14-period RSI exceeds 70 while the 5-period SMA is above the 20-period SMA. Short entries occur when RSI falls below 30 while the fast SMA is below the slow SMA. All indicator values are plotted on the main chart pane. The strategy includes no exit rules, stop loss, or take profit targets.
- Dual SMA and RSI entry confluence
- Fast and slow SMA trend alignment
- RSI threshold momentum trigger
- Designed for 5-minute chart scalping
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, Scalping
Markets
Any symbol
Timeframes
M1-M5
Risk Notes
- The strategy enters trades without a stop loss
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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