This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v6 · On the chart
VMC Strat M15 Ultimate (ADX + Div)
This strategy executes trades based on VuManChu-inspired WaveTrend signals combined with a 200 EMA trend filter and multi-timeframe confirmation from H1 and H4 charts.
GitHub stars1on the repository
Pine versionv6current
Lines of code188
Settings21inputs
LicenceNone stated
Last update10 months ago17 Dec 2025
Add It to Your TradingView Chart
- 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
Entries are evaluated using WaveTrend oversold conditions, RSI, MFI, and an optional ADX filter or bullish divergence check. Risk management employs an ATR-based stop loss, a risk-to-reward take profit target, and an optional ATR trailing stop. All trade executions and indicators display on the main price chart.
- WaveTrend oscillator with H1 and H4 multi-timeframe filters
- ADX filter to restrict trading during consolidating markets
- ATR-based dynamic stop loss and trailing stop
- 200-period EMA baseline trend filter
- Optional bullish divergence entry confirmation
Details
Published by
matlaenousse on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Trend, Moving averages, Volatility & bands
Markets
Any symbol
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use SL/TP? | bool | true | useRiskMgmt |
| SL Multiplier (ATR) | float | 2.0 | sl_atr_mult |
| Take Profit Ratio (Risk:Reward) | float | 1.5 | tp_ratio |
| Use Trailing Stop? | bool | true | useTrailing |
| Trailing Stop ATR Distance | float | 2.5 | trail_atr_mult |
| ATR Length | int | 14 | atrLen |
| Filter with H1/H4? | bool | true | useMtfFilter |
| H1 Timeframe | timeframe | 60 | h1_tf |
| H4 Timeframe | timeframe | 240 | h4_tf |
| Use ADX Filter? | bool | true | useAdx |
| Min ADX Level | int | 20 | adxThresh |
| ADX Smoothing | int | 14 | adxSmoothing |
Show all 21 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Require Bullish Divergence? | bool | false | useDiv |
| Pivot Lookback | int | 5 | divLookback |
| EMA Trend Length | int | 200 | emaLen |
| WT Channel Length | int | 9 | wtChannelLen |
| WT Average Length | int | 12 | wtAverageLen |
| WT Oversold Level | int | -50 | wtBuyLevel |
| RSI Length | int | 14 | rsiLen |
| RSI Max Level | int | 55 | rsiBuyLevel |
| MFI Period | int | 60 | mfiPeriod |
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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