Strategy · Pine Script v5 · On the chart

Trend EMA + RSI [Alorse]

by Alorse

Trend EMA + RSI is a trend-following strategy that generates trading signals using three exponential moving averages and RSI filter conditions.

View on GitHub

GitHub stars330on the repository
Pine versionv5runs as is
Lines of code56
Settings9inputs
LicenceNone statedfile: MPL-2.0
Last update2 months ago25 Aug 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

56 lines of Pine Script v5 from strategies/trend/Tendency EMA + RSI.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

Tendency EMA + RSI.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
//@author Alorse

//@version=5
strategy(title='Trend EMA + RSI [Alorse]', shorttitle='Trend EMA + RSI [Alorse]', overlay=true, pyramiding=0, currency=currency.USD, default_qty_type=strategy.percent_of_equity, initial_capital=1000, default_qty_value=10, commission_type=strategy.commission.percent, commission_value=0.1)

// Bollinger Bands
len = input.int(14, minval=1, title='Length', group='RSI')
src = input.source(close, 'Source', group='RSI')
rsi = ta.rsi(src, len)

// Moving Averages
len_a = input.int(10, minval=1, title='EMA A Length', group='Moving Averages')
out_a = ta.ema(close, len_a)
plot(out_a, title='EMA A', color=color.purple)

len_b = input.int(20, minval=1, title='EMA B Length', group='Moving Averages')
out_b = ta.ema(close, len_b)
plot(out_b, title='EMA B', color=color.orange)

len_c = input.int(100, minval=1, title='EMA C Length', group='Moving Averages')
out_c = ta.ema(close, len_c)
plot(out_c, title='EMA C', color=color.green)

// Strategy Conditions
stratGroup = 'Strategy'
showLong = input.bool(true, title='Long entries', group=stratGroup)
showShort = input.bool(false, title='Short entries', group=stratGroup)
closeAfterXBars = input.bool(true, title='Close after X # bars', tooltip='If trade is in profit', group=stratGroup)
xBars = input.int(24, title='# bars')

entryLong = ta.crossover(out_a, out_b) and out_a > out_c and close > open
exitLong = rsi > 70

entryShort = ta.crossunder(out_a, out_b) and out_a < out_c and close < open
exitShort = rsi < 30


bought = strategy.opentrades[0] == 1 and strategy.position_size[0] > strategy.position_size[1]
entry_price = ta.valuewhen(bought, open, 0)
var int nPastBars = 0
if strategy.position_size > 0 or strategy.position_size < 0
    nPastBars := nPastBars + 1
if strategy.position_size == 0
    nPastBars := 0
if closeAfterXBars
    exitLong := nPastBars >= xBars and close > entry_price ? true : exitLong
    exitShort := nPastBars >= xBars and close < entry_price ? true : exitShort

// Long Entry
strategy.entry('Long', strategy.long, when=entryLong and showLong)
strategy.close('Long', when=exitLong)

// Short Entry
strategy.entry('Short', strategy.short, when=entryShort and showShort)
strategy.close('Short', when=exitShort)

Overview

Long trades execute when a fast EMA crosses above a slow EMA while remaining above a long-term baseline EMA on a bullish bar. Entries close when RSI reaches extreme levels or optionally after a configurable number of bars if the trade is in profit. The script overlays three EMAs on the price chart and operates without explicit stop-loss orders.

Details

Published by

Alorse on GitHub

Type

Strategy, Pine Script v5

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

Topics

pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Lengthint14len
Sourcesourceclosesrc
EMA A Lengthint10len_a
EMA B Lengthint20len_b
EMA C Lengthint100len_c
Long entriesbooltrueshowLong
Short entriesboolfalseshowShort
Close after X # barsbooltruecloseAfterXBars
# barsint24xBars
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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