This trend-following strategy identifies buying opportunities during bullish pullbacks on the price chart. It defines a bull market when the 50-period simple moving average trades above the 200-period moving average. Long entries trigger when the RSI drops bel
Strategy · Pine Script v5 · On the chart
SMA + RSI Strategy [Entry/Exit at Next Open]
This strategy combines a Simple Moving Average (SMA) and the Relative Strength Index (RSI) to generate long trading signals.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code40
Settings4inputs
LicenceNone stated
Last update3 months ago24 Jul 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
SMA + RSI Strategy [Entry/Exit at Next Open] enters a long position when price closes above the SMA filter while RSI drops below the oversold threshold. The strategy exits the position when price falls below the SMA and RSI exceeds the overbought threshold. Orders execute at the open of the next bar. Users can adjust SMA length, RSI length, and signal thresholds. It plots the SMA line and signal markers on the price chart, but lacks explicit stop-loss or take-profit rules.
- SMA trend filtering with RSI oversold and overbought conditions
- Next-bar open order execution model
- Customizable SMA, RSI, and signal threshold settings
- Visual signal shape markers and SMA overlay on chart
Details
Published by
eddiebelaval on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- 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 |
|---|---|---|---|
| SMA Length | int | 200 | smaLength |
| RSI Length | int | 14 | rsiLength |
| RSI Buy Level (Oversold) | int | 35 | rsiBuyLevel |
| RSI Sell Level (Overbought) | int | 65 | rsiSellLevel |
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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