This strategy executes long positions by combining a 200-period EMA trend filter, Stochastic RSI oversold crosses, and Williams Alligator retracements, supplemented by RSI divergence detection. It triggers long entries when the price trades above the 200 EMA w
Strategy · Pine Script v6 · On the chart
TN Stochastic Causal Divergence
The strategy calculates the Stochastic oscillator using specified K and D periods, then detects bullish and bearish divergences between price pivots and the D line.
GitHub stars1on the repository
Pine versionv6current
Lines of code100
Settings12inputs
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
Bullish signals occur when price forms lower lows while Stochastic forms higher lows within the lookback window, and bearish signals are the opposite. These are filtered by a higher timeframe EMA trend anchor. Long entries trigger on bullish divergence in a bullish regime with position sizing based on risk percentage of capital; short entries trigger on bearish divergence in a bearish regime. Stop loss and take profit are set at ATR multiples. All signals plot on the price chart. Settings primarily adjust oscillator lengths, pivot search range, HTF parameters, and risk multiples.
- Stochastic Oscillator
- Causal Divergence
- HTF EMA Filter
- ATR Risk Management
- Pivotal Momentum Signals
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Divergence, Moving averages, Trend
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| K Length | int | 14 | periodK |
| K Smoothing | int | 3 | smoothK |
| D Smoothing | int | 3 | periodD |
| Pivot Left | int | 5 | pivotLeft |
| Pivot Right | int | 2 | pivotRight |
| Max Lookback (Bars) | int | 60 | maxLookback |
| Enable HTF Trend Filter | bool | true | useHTF |
| HTF Timeframe | timeframe | 240 | htfTF |
| HTF EMA Length | int | 200 | htfLen |
| Risk % Per Trade | float | 1.0 | riskPct |
| Stop Loss (ATR Mult) | float | 2.0 | slMult |
| Take Profit (ATR Mult) | float | 4.0 | tpMult |
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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