Indicator · Pine Script v6 · On the chart

Ultimate 5 EMA Quant Engine

by Pr-ashant-pawar

A Pine v6 indicator that plots a 5-period EMA and runs a multi-step short-setup tracker on the price chart using data from a chosen timeframe.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code345
Settings23inputs
LicenceNone stated
Last update7 weeks ago9 Sep 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  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 indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

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

Signals are filtered by volume against its average and an RSI threshold, then graded A to D. Each grade has its own take-profit percent and risk multiplier, with a fixed percent stop loss. Inputs also model USDT position sizing, leverage, exchange fees, concurrent trade limits and optional webhook alerts. It is a simulation tool and places no orders.

Details

Published by

Pr-ashant-pawar on GitHub

Draws

On the price chart

Category

Trend, Breakout

Markets

Crypto

Timeframes

M15-H1

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.

SettingTypeDefaultVariable
Chart Timeframe (Default 15m)timeframe15tf
Starting Equity (USDT)float10000.0startEquity
Account Leverage (x)int50leverage
Max Concurrent Tradesint5maxConcurrent
EMA Lengthint5emaLen
Volume SMA Lengthint20volSmaLen
Volume Multiplierfloat1.2volMult
RSI Lengthint14rsiLen
Bearish RSI Thresholdfloat50.0rsiThresh
Phase 2 Confirmation Windowint12confWindow
Phase 3 Entry Windowint12entryWindow
Max Base Risk Cap (%)float5.0maxBaseRiskPct
Show all 23 settings
SettingTypeDefaultVariable
Bybit Per-Side Fee (%) [Taker=0.055, Maker=0.02]float0.055perSideFee
Fixed Stop Loss (%)float1.0fixedSlPct
Grade A TP (%)float1.1tpGradeA
Grade B TP (%)float0.9tpGradeB
Grade C TP (%)float0.7tpGradeC
Grade D TP (%)float0.5tpGradeD
Grade A Risk Multfloat1.00multGradeA
Grade B Risk Multfloat0.75multGradeB
Grade C Risk Multfloat0.50multGradeC
Grade D Risk Multfloat0.40multGradeD
Enable Live Webhook AlertsboolfalseenableAlerts
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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