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
A long opens when the short average crosses above the middle average while price stays above the long average. The opposite cross closes that long and opens a short. Length, stop-loss, and take-profit inputs control the averages and exits, and orders use eight percent of equity. The averages are not drawn. Exit arguments are tick distances, not percentage price moves, and a bullish cross does not close an open short.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Short MA
int
10
short_len
Mid MA
int
20
mid_len
Long MA
int
50
long_len
Stop Loss %
float
2.5
stop_pct
Take Profit %
float
5.0
profit_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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