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 v5 · On the chart
Stochastic RSI Crossover
This strategy calculates Stochastic RSI crossovers occurring in extreme overbought or oversold zones, filtered by an optional Exponential Moving Average trend filter.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code56
Settings11inputs
LicenceNone stated
Last update7 months ago4 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
Long positions enter when the %K line crosses above %D from below the oversold threshold while price trades above the trend EMA. Short positions enter when %K crosses below %D from above the overbought threshold while price is below the EMA. Risk management relies on an ATR-based stop loss and a set risk-to-reward target for exits. It plots the EMA, signals, and a summary table on the main chart.
- Stochastic RSI crossover signals in overbought and oversold zones
- Exponential Moving Average trend filter
- ATR-based stop loss calculation
- Fixed risk-to-reward ratio take profit targets
- On-chart status table for oscillator values
Details
Published by
Basant1Saini on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Trend, Moving averages
Markets
Stocks, Forex, Crypto
Timeframes
M15-H1, H4 and above
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
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 | rsiLen |
| Stochastic Length | int | 14 | stochLen |
| K Smoothing | int | 3 | kSmooth |
| D Smoothing | int | 3 | dSmooth |
| Overbought Level | float | 80 | obLevel |
| Oversold Level | float | 20 | osLevel |
| Trend EMA Length | int | 50 | emaLen |
| Use Trend Filter | bool | true | useTrend |
| ATR Length | int | 14 | atrLen |
| ATR Multiplier (SL) | float | 1.5 | atrMult |
| Risk:Reward | float | 2.0 | rrRatio |
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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