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
Trailing Stop Snippet
This strategy implements custom trailing stop logic driven by momentum signals.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code69
Settings3inputs
LicenceNone stated
Last update2 years ago10 Jun 2024
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
Trailing Stop Snippet calculates first- and second-order price momentum, entering long or short via stop orders above or below the current bar when momentum is consistently positive or negative. A custom array tracks extreme price levels once an optional activation percentage is met, closing the trade when price breaches the trailing distance. It plots average entry price, trailing levels, and activation thresholds directly on the price chart. By default, trailing parameters are zero, resulting in no active stop loss until configured.
- Momentum breakout entry stop orders
- Array-based trailing stop calculation
- Profit activation threshold configuration
- Chart overlay plots for trailing levels and average price
Details
Published by
SOWRAJ on GitHub
Type
Draws
On the price chart
Category
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 |
|---|---|---|---|
| length | int | 12 | length |
| Trailing Stop Activation | | float | 0.0 | tsact |
| Position Trailing Stop | | float | 0.0 | ts |
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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