Strategy · Pine Script v5 · On the chart

Utility State Series

by Snappni

Utility State Series is an EMA crossover strategy that tracks state variables and past event prices.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code24
Settings0inputs
LicenceMIT
Last update4 months ago6 Jun 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

24 lines of Pine Script v5 from apps/server/src/pine-corpus/utility_state_series.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

utility_state_series.pine
//@version=5
strategy("Utility State Series", overlay=true)

emaFast = ta.ema(close, 12)
emaSlow = ta.ema(close, 26)
crossUp = ta.crossover(emaFast, emaSlow)
crossDown = ta.crossunder(emaFast, emaSlow)
barsSinceUp = ta.barssince(crossUp)
lastCrossPrice = ta.valuewhen(crossUp or crossDown, close, 0)
safeCrossPrice = nz(lastCrossPrice, close)
freshTrend = not na(barsSinceUp) and barsSinceUp < 20
trendColor = freshTrend ? color.new(color.green, 65) : color.new(color.red, 65)

plot(safeCrossPrice, color=trendColor)

longCondition = crossUp and close >= safeCrossPrice
shortCondition = crossDown and close <= safeCrossPrice

if (longCondition)
    strategy.entry("Long", strategy.long)

if (shortCondition)
    label.new(bar_index, low, str.tostring(safeCrossPrice))
    strategy.entry("Short", strategy.short)

Overview

Utility State Series calculates 12-period and 26-period exponential moving averages, plotting the close price at the most recent crossover with a color reflecting whether a bullish cross occurred within the last 20 bars. The strategy enters long on a bullish cross when the close meets or exceeds the cross price, and enters short on a bearish cross with a chart label. It operates without stop-loss or take-profit orders, reversing positions on opposite signals.

Details

Published by

Snappni on GitHub

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss
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.

Similar Pine Scripts

Doge SMA

by hackingthemarkets
474 stars

Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s

Strategy v4 TrendMoving averages
Updated 4 years ago · None stated GitHub repository of Doge SMA

This strategy calculates and plots a fast Exponential Moving Average (EMA) and a slow EMA directly on the main price chart. It enters long trades when the fast EMA crosses above the slow EMA and exits when the fast EMA crosses below the slow EMA. Inputs allow

Strategy v6 TrendMoving averages
Updated 2 days ago · AGPL-3.0 GitHub repository of Forven S01508 — Simple EMA20/50 Cross
330 stars

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 v4 TrendOscillators & momentum
Updated 2 months ago · None stated GitHub repository of 2 EMA/SMA + RSI Strategy [Alorse]

Acrypto - Weighted Strategy

by AlbertoCuadra
318 stars

This strategy plots on the price chart and opens long or short positions when a weighted score from MACD, Stochastic RSI, RSI, Supertrend and a moving-average crossover exceeds a user-set trigger. Each component has its own weight and candle delay. Entries can

Strategy v5 TrendOscillators & momentum
Updated 3 years ago · Custom licence GitHub repository of Acrypto - Weighted Strategy
257 stars

This strategy calculates dynamic support and resistance levels using pivot highs and lows alongside a custom smoothed trend filter and a 3-period EMA. It identifies entry opportunities when price breaks out relative to the trend filter and short-term EMA cross

Strategy v5 TrendSupport & resistance Repaints
Updated 7 weeks ago · None stated GitHub repository of 30s - ES 1m Strategy Candle Bar

EMA Crossover Strategy

by TradersPost
228 stars

EMA Crossover Strategy plots a fast and a slow exponential moving average on the price chart. It treats a confirmed fast-over-slow cross as a long condition and a confirmed cross under as a short condition. Position size is a percentage of equity. Optional per

Strategy v6 TrendMoving averages
Updated 3 months ago · None stated GitHub repository of EMA Crossover Strategy

More Moving averages scripts

Related on ForexR

Trade Your Charts With a Regulated Broker

Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.

Compare brokers