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
Alpy Kazan evaluates custom timeframes to plot overbought and oversold bands, WaveTrend crossovers, and RSI differentials in a separate pane. Inputs allow customization of date range filters, WaveTrend lengths, RSI periods, overbought/oversold thresholds, and trailing stop loss settings. The strategy utilizes lookahead on higher-timeframe data, causing historical repainting.
WaveTrend oscillator with custom overbought and oversold thresholds
Dual-length RSI divergence calculation
Multi-timeframe data fetching via security functions
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
fromMonth
int
5
fromMonth
fromDay
int
22
fromDay
thruMonth
int
5
thruMonth
thruDay
int
25
thruDay
fromYear
int
2021
fromYear
thruYear
int
2021
thruYear
n1
int
10
n1
n2
int
21
n2
Other Time Frame
timeframe
30
time_frame
Length Fast RSI
int
5
len_fast
Length Slow RSI
int
14
len_slow
Over Bought Level 1
int
70
obLevel1
Show all 17 settings
Setting
Type
Default
Variable
Over Bought Level 2
int
53
obLevel2
Over Sold Level 1
int
-70
osLevel1
Over Sold Level 2
int
-53
osLevel2
Trailing Stop Loss
int
1500
inpTrailStop
Trailing Stop Loss Offset
int
0
inpTrailOffset
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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