Alien Wash is a price-chart indicator that draws the latest green horizontal line at the previous candle high after an up close beyond a USD buffer, and the latest red line at the previous candle low after a down close beyond that buffer.
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 buy signal fires when price reclaims the red line, and a sell signal fires when price reclaims the green line. An optional RSI filter requires a recent extreme and a cross of 40 or 60, or a cross of the RSI average. Markers and alerts appear only on confirmed closes, so it does not repaint intrabar. It has no exit or position rules.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Breakout buffer (USD)
float
0.5
buffer
Breakout line style
string
Dotted
lineStyleInput
Signal markers to keep (0 = none)
int
20
keepMarks
Use RSI signal filter
bool
true
useRsiFilter
RSI length
int
14
rsiLength
RSI SMA length
int
14
rsiMaLength
Previous RSI trigger candles to consider
int
3
rsiLookback
Up-breakout line (at prev high)
color
color.green
upColor
Down-breakout line (at prev low)
color
color.red
dnColor
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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