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 v6 · On the chart
TN Multi-Factor Sovereign V6
This overlay strategy builds a weighted score from three factors.
GitHub stars1on the repository
Pine versionv6current
Lines of code109
Settings5inputs
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
Trend is positive when a fast EMA is above a slow EMA and negative otherwise. Momentum is positive when 14-period RSI is above 50. The volatility factor is positive when close is above a 20-period SMA, while ATR is calculated but unused in the visible scoring. Users change the three weights and both EMA lengths. Confirmed bars refresh a map and an audit array of user-defined factor records. The excerpt ends before any entry, exit, or stop logic. Size defaults to ten percent of equity.
- Weighted trend, momentum and volatility factor scores
- Fast and slow EMA trend comparison
- 14-period RSI momentum score
- Confirmed-bar factor audit with maps and user-defined types
- Default size of ten percent of equity
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages
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 |
|---|---|---|---|
| Trend Weight | float | 0.4 | trendWeight |
| Momentum Weight | float | 0.4 | momWeight |
| Volatility Weight | float | 0.2 | volWeight |
| Fast EMA | int | 9 | maFast |
| Slow EMA | int | 21 | maSlow |
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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