by 
This strategy plots MACD line, signal line, Bollinger Bands, and RSI on the price chart. It signals long entries on MACD crossover above signal with RSI below 50 and price below BB basis, plus optional DMI filter. Short entries are available but disabled by de
Strategy · Pine Script v5 · On the chart
Take Profits & Stop Losses
This educational strategy demonstrates moving average crossovers filtered by RSI momentum, incorporating ATR-based risk management.
GitHub stars64on the repository
Pine versionv5runs as is
Lines of code29
Settings0inputs
LicenceNone stated
Last update4 years ago29 May 2022
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
Take Profits & Stop Losses calculates a 10-period SMA, a 30-period SMA, a 14-period RSI, and a 14-period ATR. Long entries trigger when the fast SMA crosses above the slow SMA while RSI is above 50. Short entries occur when the fast SMA crosses below the slow SMA while RSI is below 50. Stop loss and take profit levels are set dynamically at two ATR multiples from the candle high or low. Both moving averages plot directly on the price chart.
- Moving average crossover entries
- RSI trend filter
- ATR-based dynamic stop loss and take profit
- Main chart overlay of fast and slow SMAs
Details
Published by
PythonForForex on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Moving averages, Oscillators & momentum, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
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.
Topics
pinescripttradingview
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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