A price-chart indicator that draws two simple moving averages, Bollinger Bands and an RSI-based condition set, then prints buy and sell labels when a trend condition and a pullback condition agree.
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
A signal strength value from zero to one counts confirmed conditions and must pass an alert threshold. Despite the name it uses fixed rules rather than a trained model. An optional webhook flag is meant for sending alerts to an external service.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Period Length
int
14
length
Sensitivity
string
Medium
sensitivity
Alert Threshold
float
0.5
alert_threshold
Enable Webhook (AI Integration)
bool
false
use_webhook
Webhook URL
string
webhook_url
Show RSI
bool
true
show_rsi
Show Bollinger Bands
bool
true
show_bb
Show Moving Average
bool
true
show_ma
Show Buy/Sell Labels
bool
true
show_signals
Alert on Buy Signal
bool
true
alert_on_buy
Alert on Sell Signal
bool
true
alert_on_sell
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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