Indicator · Pine Script v5 · On the chart

4 Indicator Signal Strategy

by krishnna09

This indicator aggregates buy and sell signals from four technical tools: Exponential Moving Averages, Bollinger Bands, Fisher Transform, and MACD.

View on GitHub

GitHub stars6on the repository
Pine versionv5runs as is
Lines of code216
Settings5inputs
LicenceNone stated
Last update3 years ago9 Oct 2023

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

4 Indicator Signal Strategy evaluates specific price conditions and crossovers to classify market states into Strong Buy, Weak Buy, Strong Sell, or Weak Sell categories. The script plots signal icons directly on the main price chart and compiles a status summary table on screen. Input parameters allow users to adjust Bollinger Band length, standard deviation multipliers, and lookback periods.

Details

Published by

krishnna09 on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Moving averages, Volatility & bands, Oscillators & momentum, Screeners & dashboards

Markets

Crypto, Stocks

Timeframes

Any timeframe

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
lengthint20length
Sourcesourceclosesrc
StdDevfloat2.0mult
hhlint5hhl
lowwstint3lowwst
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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