SHORT eMACD: Free TradingView Strategy (Pine Script)

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

SHORT eMACD offers five configurable entry modes combining MACD signals and custom EMA candle logic. Users can set flexible date and hour time filters to restrict trade execution to specific sessions. The strategy overlays directly on the price chart, triggering short entries based on user-selected condition toggles. It functions primarily as an entry engine without built-in default stop-loss rules.

Multiple MACD and EMA entry modes
Configurable date and hour time range filters
Selectable bearish crossunder entry conditions
Short-only strategy overlay

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

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
The strategy enters trades without a stop loss

File

Tradingview/short-emacd-v08-23-5.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Symbol	`string`		`symbol`
Entry.M	`string`		`Entrymessage`
Exit.M	`string`		`Exitmessage`
Profit	`string`		`Profit`
Trades	`string`		`Trades`
MaxDraw	`string`		`MaxDraw`
Calculate once per bar?	`bool`	`true`	`oncePerBar`
Start Hour (24h)	`int`	`0`	`startHour`
End Hour (24h )	`int`	`24`	`endHour`
S.Day	`int`	`1`	`startDate`
S.Month	`int`	`1`	`startMonth`
S.Year	`int`	`2022`	`startYear`

Show all 40 settings

Setting	Type	Default	Variable
E.Day	`int`	`1`	`endDate`
E.Month	`int`	`1`	`endMonth`
E.Year	`int`	`2100`	`endYear`
Entry Mode	`string`	`MACD Entrance`	`entryMode`
1-Green	`int`	`8`	`length1`
2-Blue	`int`	`13`	`length2`
3-Red	`int`	`21`	`length3`
Short	`int`	`12`	`macdShort`
Long	`int`	`26`	`macdLong`
Smoothing	`int`	`9`	`macdSignalSmoothing`
3 Candles EMA (Black)	`int`	`3`	`emaCandles`
MACD Level	`float`	`0.1`	`macdLevel`
condCandle1	`bool`	`true`	`condCandle1Checkbox`
condCandle2	`bool`	`true`	`condCandle2Checkbox`
bearishCrossunder	`bool`	`false`	`bearishCrossunder0Checkbox`
bearishCrossunder[1]	`bool`	`true`	`bearishCrossunder1Checkbox`
bearishCrossunder[2]	`bool`	`false`	`bearishCrossunder2Checkbox`
bearishCrossunder[3]	`bool`	`false`	`bearishCrossunder3Checkbox`
Use RSI	`bool`	`false`	`useRSI`
RSI Length	`int`	`14`	`rsiLength`
RSI Oversold Level	`float`	`30`	`rsiOversold`
Use BB	`bool`	`false`	`useBB`
BB Length	`int`	`20`	`bbLength`
BB SD	`float`	`2`	`bbStdDev`
Same symbol trend is negative	`bool`	`false`	`thirtyMinuteTrendPositiveCheckbox`
Timeframe	`int`	`30`	`Interval`
30-minute trend VIX is Negative	`bool`	`false`	`thirtyMinuteTrendPositiveCheckboxVIX`
IntervalVIX	`int`	`30`	`IntervalVIX`

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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