This strategy combines the ATR-banded Q-Trend indicator with the Klinger Volume Oscillator (KVO) to execute confluence trades. It enters long when a Q-Trend buy trigger aligns with a positive KVO value and a bullish candle confirmation, taking short trades und
Strategy · Pine Script v5 · Own pane
RSI + MACD Strategy
This strategy combines the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and a volume filter to identify long trade entries.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code116
Settings9inputs
LicenceNone stated
Last update7 months ago30 Mar 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
A buy signal requires RSI to be oversold, MACD to cross above its signal line, and volume to exceed 1.5 times its 20-period moving average. Trades exit when RSI becomes overbought, MACD crosses down, or custom percentage-based stop loss and take profit levels are reached. Key inputs include indicator periods, signal thresholds, position sizing, and profit targets. Plots appear in a separate pane.
- RSI oversold and overbought threshold filters
- MACD line and signal line crossover logic
- Volume confirmation filter using 20-period SMA
- Percentage-based stop loss and take profit exits
- Dynamic equity-based position sizing
Details
Published by
monch1962 on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
ai-agentclaude-codeelixirgolangllmopencodepinescriptpython3clojure
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 | rsiLength |
| RSI Overbought | int | 70 | rsiOverbought |
| RSI Oversold | int | 30 | rsiOversold |
| MACD Fast Length | int | 12 | macdFast |
| MACD Slow Length | int | 26 | macdSlow |
| MACD Signal Length | int | 9 | macdSignal |
| Stop Loss % | float | 2.0 | stopLossPct |
| Take Profit % | float | 4.0 | takeProfitPct |
| Max Position Size % | float | 25 | maxPositionSize |
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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