4-Hour Stochastic EMA Trend.pine

Script Name: 4-Hour Stochastic EMA Trend
Author: slymnturkoglu
Description: This trading strategy relies heavily on catching the trend. You
may have success using this strategy on as low as the one hour
chart or as high as the daily chart; however, I’ve had most
success trading it on the four hour chart. This strategy consists
of four indicators, which are:
1. 5 Period Exponential Moving Average (closed)
2. 15 Period Exponential Moving...
PineScript code:

Pine Script™ strategy
4-Hour Stochastic EMA Trend
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// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © slymnturkoglu
//@version=4
strategy("Stochastic")
//study(title="Stochastic", shorttitle="Stoch", format=format.price, precision=2, resolution="")
period1 = 5
period2 = 15
period3 = 50
ma1 = ema(close, period1)
ma2 = ema(close, period2)
ma3 = ema(close, period3)
periodK=13
periodD=15
smoothK=5
k = sma(stoch(close, high, low, periodK), smoothK)
d = sma(k, periodD)
buyCondition = crossover(k, d) and crossover(ma1, ma3) and crossover(ma2, ma3)
sellCondition = crossunder(k, d) and crossunder(ma1, ma3) and crossunder(ma2, ma3)
strategy.entry("long", strategy.long, 1000, alert_message="LongAlert", when=buyCondition)
strategy.close("long", alert_message="CloseAlert", when=sellCondition)
    
//study("Stochastic EMA Trend", overlay=false)
plot(close)
plot(ma1, color=color.blue, linewidth=3, title="EMA period 5")
plot(ma2, color=color.green,linewidth=3, title="EMA period 15")
plot(ma3, color=color.yellow,linewidth=3, title="EMA period 50")
plot(d, color=color.red,linewidth=3, title="d")
plot(k, color=color.blue,linewidth=3, title="k")
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