MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v5 · Own pane
Strategy with selective alert() calls
This strategy calculates a 20-period Relative Strength Index and plots the oscillator alongside a centerline at 50 in a separate pane.
GitHub stars65on the repository
Pine versionv5runs as is
Lines of code27
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
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
27 lines of Pine Script v5 from examples/v5/tradingview-docs/v5-concepts-alerts-03.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("Strategy with selective `alert()` calls")
r = ta.rsi(close, 20)
// Detect crosses.
xUp = ta.crossover( r, 50)
xDn = ta.crossunder(r, 50)
// Place orders on crosses.
if xUp
strategy.entry("Long", strategy.long)
else if xDn
strategy.entry("Short", strategy.short)
// Trigger an alert when RSI diverges from our trade's direction.
divInLongTrade = strategy.position_size > 0 and ta.falling(r, 3)
divInShortTrade = strategy.position_size < 0 and ta.rising( r, 3)
if divInLongTrade
alert("WARNING: Falling RSI", alert.freq_once_per_bar_close)
if divInShortTrade
alert("WARNING: Rising RSI", alert.freq_once_per_bar_close)
plotchar(xUp, "Go Long", "▲", location.bottom, color.lime, size = size.tiny)
plotchar(xDn, "Go Short", "▼", location.top, color.red, size = size.tiny)
plotchar(divInLongTrade, "WARNING: Falling RSI", "•", location.top, color.red, size = size.tiny)
plotchar(divInShortTrade, "WARNING: Rising RSI", "•", location.bottom, color.lime, size = size.tiny)
hline(50)
plot(r)
Overview
Strategy with selective alert() calls enters long positions when the indicator crosses above 50 and enters short positions on downward crosses. The strategy reverses trades on opposite signals and triggers warning alerts if momentum opposes an active position for three consecutive bars. It has no configurable input settings, no take profit targets, and no stop loss orders.
- RSI centerline crossover entry signals
- Selective alerts during adverse momentum shifts
- Visual marker plots for entries and warnings
- Separate pane oscillator display
Details
Published by
be-thomas on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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