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 plots the WaveTrend lines, overbought and oversold boundary levels, and visual crossover markers in a separate pane, while highlighting crossover bars on the chart. The strategy provides date filtering for backtesting along with trailing stop loss controls. Configurable settings allow adjustments to Bollinger Band and Keltner Channel parameters, WaveTrend smoothing periods, RSI lengths, and momentum thresholds.
WaveTrend oscillator calculation
Bollinger Bands and Keltner Channels squeeze detection
Visual crossover markers and bar coloring
Configurable overbought and oversold threshold levels
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
BB Length
int
14
length
BB MultFactor
float
2.0
mult
KC Length
int
17
lengthKC
KC MultFactor
float
1.5
mult_kc
Filter for Momenutum value
bool
false
useMomAverage
Min for momentum
int
20
MomentumMin
fromMonth
int
3
fromMonth
fromDay
int
1
fromDay
thruMonth
int
5
thruMonth
thruDay
int
31
thruDay
fromYear
int
2021
fromYear
thruYear
int
2021
thruYear
Show all 22 settings
Setting
Type
Default
Variable
n1
int
8
n1
n2
int
21
n2
Length Fast RSI
int
5
len_fast
Length Slow RSI
int
14
len_slow
Over Bought Level 1
int
70
obLevel1
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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