This strategy identifies long entry setups by combining WaveTrend momentum, an exponential moving average trend filter, and automated Fibonacci retracements.
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
Trinity Confluence: Vumanchu + EMA + Fibs triggers an entry when the price trades above the baseline EMA, pulls back into the 0.5 to 0.618 Fibonacci retracement zone derived from swing pivots, and WaveTrend crosses upward from oversold territory. Risk management includes an optional EMA proximity filter, stop losses placed at the swing low or a fixed percentage, and staged take-profit targets at the swing high and a Fibonacci extension.
WaveTrend momentum oscillator with oversold crossover triggers
Long-term EMA trend filter with optional proximity percentage
Automatic Fibonacci retracement and extension calculations via pivot points
Dual take-profit targets with partial position scaling
Configurable stop loss via swing lows or fixed percentage
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
WT Channel Length
int
10
wtChannelLen
WT Average Length
int
21
wtAverageLen
WT MA Length
int
4
wtMALen
Oversold Level (Trigger)
int
-60
osLevel
EMA Length
int
200
maLength
Utiliser filtre de proximité ?
bool
false
useMaProximity
Seuil de proximité (%)
float
2.0
maProximityPct
Pivot Lookback Left
int
10
pivotLeft
Pivot Lookback Right
int
10
pivotRight
Mode Stop Loss
string
Swing Low
sl_mode
Stop Loss Fixe (%)
float
2.0
sl_fixed_pct
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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