by 
This strategy generates trading signals on the 5-minute price chart using Williams Fractals for trend reversals, combined with EMA fast and slow trend filters and optional RSI confirmation. Long entries trigger on bullish fractals aligned with rising EMA and R
Strategy · Pine Script v4 · On the chart
Scalping 3EMA
This long-only strategy calculates three exponential moving averages with lengths of 50, 100, and 150 periods, plotting them directly on the price chart.
GitHub stars9on the repository
Pine versionv4older, still runs
Lines of code28
Settings0inputs
LicenceMIT
Last update5 years ago28 Apr 2021
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
28 lines of Pine Script v4 from strategies/scalping_ema9.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("Scalping 3EMA - brito.com.br", overlay=true)
var INF = 99999999
var entry_price = INF
ema1 = ema(close, 50)
ema2 = ema(close, 100)
ema3 = ema(close, 150)
rsi = rsi(close, 14)
[macdLine, signalLine, histLine] = macd(close, 12, 26, 9)
// plot EMAs
plot(ema1, color=color.red)
plot(ema2, color=color.orange)
plot(ema3, color=color.yellow)
macd_trending = macdLine > signalLine
ema_trending = ema1 > ema2 and ema2 > ema3
macd_rising = rising(macdLine-signalLine, 5)
ema_rising = rising(ema1, 5)
if (ema_trending and macd_rising and ema_rising and macdLine > signalLine)
strategy.entry("long", strategy.long)
if (crossunder(ema1, ema2))
strategy.close("long")
Overview
Scalping 3EMA also calculates a 14-period RSI and MACD. The strategy opens long positions when the moving averages align in an upward sequence with the fastest EMA rising, while the MACD line is above the signal line and expanding. It closes trades when the 50-period EMA crosses below the 100-period EMA. Parameters are hardcoded without user inputs, and the strategy operates without stop-loss orders or take-profit targets.
- Triple EMA trend alignment
- MACD momentum confirmation
- EMA crossunder exit
- Long-only execution
Details
Published by
rodrigo-brito on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Scalping
Markets
Crypto
Timeframes
M15-H1, 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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