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
Temp RSI
This strategy calculates the relative strength index of the closing price using a user-set length and prints that value in labels on the price chart.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code42
Settings5inputs
LicenceMIT
Last update1 year ago21 Apr 2025
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
42 lines of Pine Script v5 from pine_scripts/rsi_backtesting_pine.txt, published under MIT. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © jack_forsterton10
//@version=5
strategy("temp_rsi", overlay=true, margin_long=100, margin_short=100)
higherTF1 = input.timeframe('15' , "Resolution", options = ['5', '15', '1H', 'D', 'W', 'M'])
dailyopen = request.security(syminfo.tickerid, higherTF1, close)
Reward = input(1600)
Risk = input(1600)
//length = input( 5 )
length = input( 14 )
//overSold = input( 30 )
//overBought = input( 70 )
EMA = input(200)
price = close
vrsi = ta.rsi(price, length)
f_print(_text) =>
// Create label on the first bar.
var _label = label.new(bar_index, na, _text, xloc.bar_index, yloc.price, color(na), label.style_none, color.gray, size.large, text.align_left)
// On next bars, update the label's x and y position, and the text it displays.
label.set_xy(_label, bar_index, ta.highest(10)[1])
label.set_text(_label, _text)
f_print(str.tostring(vrsi))
if barstate.islast
label.new(x=bar_index, y=high, color=color.black,
textcolor=color.white, text=str.tostring(vrsi))
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © jack_forsterton10
//@version=5
strategy("candle_closes", overlay=true)
label.new(x=bar_index, y=high, color=color.black,textcolor=color.white, text=str.tostring(close))
Overview
Temp RSI also requests the close from a selectable higher timeframe, though the shown logic does not use that series. Reward, risk, and EMA inputs are declared but not applied. The script does not enter or exit positions, and it sets no stop loss or take profit. A second fragment in the same file labels each bar's close.
- RSI of close with adjustable length
- Selectable higher-timeframe close request
- On-chart labels of the RSI value
- Declared reward, risk, and EMA inputs
- No entry, exit, or stop orders
Details
Published by
benniebendiksen on GitHub
Code credit
jack_forsterton10, as written in the script's header
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum
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 |
|---|---|---|---|
| Resolution | timeframe | 15 | higherTF1 |
| Reward | int | 1600 | Reward |
| Risk | int | 1600 | Risk |
| length | int | 14 | length |
| EMA | int | 200 | EMA |
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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