8020 System Indicator: Free TradingView Indicator (Pine Script)

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 indicator, select all of the template text and paste. Press Save and give it a name.
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

8020 System Indicator marks repairs, cross sections, and forks with optional letter labels, and can highlight confluence when those marks sit near a level. Separate options shade price gaps and A+ windows. Users control levels on each side, line style and transparency, tick tolerances for wicks, bodies, junctions, and gap size, plus colors and a bar lookback. It is a visual marker only and does not define entries, exits, or stops.

80/20 price levels and 40-point zone bands
Repair, cross-section, and fork markers
Confluence highlight near levels
Gap boxes and A+ window shading
Tick-based wick, body, and junction filters

Details

Published by

TamaraKGreen on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

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.

File

8020 System.txt

Repository

github.com/TamaraKGreen/Pinescript-indicators-. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Show levels	`bool`	`true`	`showLevels`
Dashed lines	`bool`	`true`	`levelDashed`
Price labels	`bool`	`false`	`showLevelLbls`
40-pt zone bands	`bool`	`true`	`showZoneBands`
Levels each side	`int`	`10`	`lvlEachSide`
Line width	`int`	`1`	`lvlWidth`
Line transparency	`int`	`60`	`lvlTransp`
Zone band transparency	`int`	`90`	`zoneTransp`
Line color	`color`	`color.gray`	`lvlColor`
Zone band color	`color`	`color.teal`	`zoneColor`
Show repairs	`bool`	`true`	`showRepairs`
"R" labels	`bool`	`true`	`showRepairLbl`

Show all 40 settings

Setting	Type	Default	Variable
Max wick (ticks)	`int`	`0`	`repWickTk`
Show cross sections	`bool`	`true`	`showXS`
"XS" labels	`bool`	`true`	`showXSLbl`
Body / range ratio	`float`	`0.6`	`xsRatio`
Junction tolerance (ticks)	`int`	`2`	`xsJuncTk`
Min body (ticks)	`int`	`40`	`xsMinBodyTk`
Show fork	`bool`	`true`	`showFork`
"F" labels	`bool`	`true`	`showForkLbl`
Outer-wick similarity (ticks)	`int`	`3`	`forkWickTk`
Min center-wick depth (ticks)	`int`	`4`	`forkMinDepthTk`
Max outer body / range ratio	`float`	`0.5`	`forkOuterRatio`
Line width	`int`	`2`	`extWidth`
Lookback (bars, 0 = none)	`int`	`1000`	`lookbackBars`
Bullish color	`color`	`#00D4FF`	`bullColor`
Bearish color	`color`	`#F8549E`	`bearColor`
Highlight confluence	`bool`	`true`	`useConf`
Distance to level (ticks)	`int`	`8`	`confTk`
Color	`color`	`#B217C8`	`confColor`
Show gaps	`bool`	`true`	`showGaps`
Min gap size (ticks)	`int`	`4`	`gapMinTk`
Box transparency	`int`	`60`	`gapTransp`
Box color	`color`	`#5B8DEF`	`gapColor`
Shade A+ windows	`bool`	`true`	`showAplus`
Transparency	`int`	`80`	`aplusTransp`
Color	`color`	`#877ACF`	`aplusColor`
New repair	`bool`	`true`	`alertRepairs`
New fork	`bool`	`true`	`alertFork`
New cross section	`bool`	`true`	`alertXS`

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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