This strategy trades longs and shorts on the price chart. Long entries require a close above the prior Donchian high, a close above a long-term SMA, and RSI above a threshold, with size set as a percentage of equity. Long exits use a stop at the prior Donchian
Strategy · Pine Script v6 · On the chart
TN Asymmetric Swing Sovereign
This strategy draws on the price chart and combines optional long and short signals from a 9/21 EMA crossover, a breakout of the prior 20-bar high or low, RSI momentum, and a MACD histogram flip.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code91
Settings7inputs
LicenceNone stated
Last update2 months ago15 Aug 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
A toggleable 200-period simple moving average allows longs only above it and shorts only below it. Signals also require weekly 20/50 EMA alignment and four-hour RSI above or below 50. Risk percent and a 14-period ATR are set, but the shown code ends before orders, exits, or stops. Higher-timeframe values can change before those bars close.
- Optional EMA, breakout, RSI and MACD signals
- 200-period SMA regime filter
- Weekly EMA and four-hour RSI alignment
- Risk percent per trade input
- 14-period ATR calculation
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Breakout
Markets
Any symbol
Timeframes
H4 and above
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- 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 |
|---|---|---|---|
| EMA Crossover + Pullback | bool | true | useEMASignal |
| Price Action Breakout | bool | true | useBreakoutSignal |
| RSI Momentum | bool | true | useRSISignal |
| MACD Histogram Flip | bool | true | useMACDSignal |
| Enable Regime Filter | bool | true | useRegimeFilter |
| Regime MA Length | int | 200 | regimeLen |
| Risk % Per Trade | float | 1.0 | riskPct |
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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