algo-trade-forex: Free TradingView Strategy (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 strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

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

Pivot-based support and resistance lines are plotted from left and right bar counts, with breakout labels when price crosses a level on rising volume, and alerts for broken support or resistance. A fast and slow moving average pair with trend colouring prints B and S labels at crossovers. The moving average toggle for exponential versus simple has no effect in the shown code. Order and stop rules are not visible in the supplied code.

Pivot support and resistance lines
Volume-confirmed breakout labels
Fast and slow moving average crossover
Break alerts
Colour-coded trend fill

Details

Published by

akash-yellgetti on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Forex

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

src/pinescript/algo-trade-forex.pine

Repository

github.com/akash-yellgetti/api.web. 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
Length	`int`	`len`	`length`
Show Breaks	`bool`	`true`	`toggleBreaks`
Left Bars	`input`	`len`	`leftBars`
Right Bars	`input`	`len`	`rightBars`
Volume Threshold	`input`	`len * 2`	`volumeThresh`
Source	`source`	`close`	`src`
Fast Length	`int`	`5`	`fastLen`
Slow Length	`int`	`10`	`slowLen`
Exponential Moving Average	`bool`	`true`	`ema`
Slope	`float`	`1.`	`mult`
Slope Calculation Method	`string`	`Atr`	`calcMethod`
backpaint	`bool`	`true`	`backpaint`

Show all 15 settings

Setting	Type	Default	Variable
Up Trendline Color	`color`	`color.green`	`upCss`
Down Trendline Color	`color`	`color.red`	`dnCss`
Show Extended Lines	`bool`	`true`	`showExt`

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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