Inside a user-set date window it looks for bullish or bearish candles aligned with the average and a rising or falling histogram. One mode also requires a short sequence of higher highs or lower lows. Two optional modes, both off by default, reverse the long and short conditions and then close every position on the same bar. Stop-loss and take-profit exits are commented out, so there is no active exit rule.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
From Day
int
1
fromDay
From Month
int
1
fromMonth
From Year
int
2020
fromYear
To Day
int
31
toDay
To Month
int
12
toMonth
To Year
int
2020
toYear
Length
int
10
len
Source
source
close
src
Fast Length
int
12
fast_length
Slow Length
int
26
slow_length
Signal Smoothing
int
9
signal_length
Simple MA(Oscillator)
bool
false
sma_source
Show all 15 settings
Setting
Type
Default
Variable
Simple MA(Signal Line)
bool
false
sma_signal
option1
bool
false
option1
option2
bool
false
option2
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.
Improvising [Alorse] is a price-chart strategy that looks for a one-bar candle reversal filtered by a 10-period EMA, a 14-period RSI, and a rising or falling MACD. Longs require a bearish bar followed by a bullish close above the EMA, RSI below 65, and a risin
This strategy combines Ichimoku Kinko Hyo components, a Stochastic oscillator, and specific candlestick patterns to generate trade signals. It identifies Kumo twists and range breakouts while evaluating candle body shapes using Fibonacci threshold filters. Tra
This strategy combines candlestick price action with Exponential Moving Average, RSI, and MACD filters to identify short-term trend trades. A long signal occurs when a bullish candle engulfs the previous open while price remains above the EMA, RSI stays below
High-Frequency Swing Reversal is a Pine Script v5 strategy that computes a reversal score from Bollinger Bands distance, RSI exhaustion, and candlestick rejection patterns such as hammers and stars. It plots VWAP, Bollinger Bands, and EMA20 on the price chart.
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
Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish