2 EMA/SMA + RSI Strategy [Alorse] combines three configurable moving averages with a short-period Relative Strength Index filter. It plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the
Strategy · Pine Script v4 · On the chart
RSI Please!
A Pine v4 strategy that plots a 66-period weighted moving average and combines a 12/26 MACD, a 14-period RSI, candle sizes and rolling highs and lows over a long lookback.
Repaints
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code197
Settings8inputs
LicenceNone stated
Last update4 years ago2 Dec 2021
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
Inputs set take-profit and stop-loss percentages for each side, the long lookback and the number of MACD bars. Only part of the entry logic is visible in the code provided. It uses calculation on every tick, and a days-back window limits the test.
- Weighted moving average on the chart
- RSI and MACD momentum checks
- Take-profit and stop-loss percentages
- Long high-low lookback
Details
Published by
tseitz on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Moving averages
Markets
Crypto
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Days Back to Test | int | 60 | daysBackMax |
| Min Days Back to Test | int | 0 | daysBackMin |
| Hi Low Long | int | 75 | hiLowSlow |
| Long Take Profit % | float | 2 | longTakeProfPerc |
| Long Stop % | float | 10 | longStopPerc |
| Short Take Profit % | float | 2 | shortTakeProfPerc |
| Short Stop % | float | 10 | shortStopPerc |
| MACD Bars | int | 50 | macdLength |
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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