An overlay indicator that builds a zero-lag trailing line from an ATR multiple and flips between buy and sell labels when price breaks it for a set number of closes.
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
Gates for choppiness, baseline slope, volatility expansion, efficiency and ADX can block weak flips, and a higher-timeframe SuperTrend bias can be off, soft or hard. It also colors candles and shows a dashboard on the price chart.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Zero-Lag Length
int
14
zlemaLen
ATR Length
int
12
atrLen
Trail Multiplier
float
2.55
trailMult
Volume-Weighted Source
bool
true
useVolSrc
VW Length
int
8
vwLen
Choppiness Gate
bool
true
useChop
Chop Length
int
14
chopLen
Max Choppiness (1m optimized)
float
52.0
chopMax
Baseline Slope Gate
bool
true
useSlope
Baseline EMA
int
34
baseLen
Min Slope (ATR norm)
float
0.14
slopeMin
Volatility Expansion
bool
true
useVolExp
Show all 36 settings
Setting
Type
Default
Variable
ATR Baseline Length
int
25
atrBaseLen
Min ATR vs Baseline
float
1.10
minAtrRatio
Efficiency Filter
bool
true
useEff
Efficiency Length
int
9
effLen
Min Efficiency
float
0.28
effMin
Confirm Closes Required
int
2
confirmBars
Trail Break Buffer x ATR
float
0.20
breakBuf
Strong Break x ATR (key anti-small)
float
1.35
strongBrk
Min Favorable Leg before reverse x ATR
float
0.85
minFavLeg
ADX Floor
bool
true
useAdx
ADX Length
int
14
adxLen
Min ADX
float
17.0
adxMin
Enable HTF Bias
bool
true
useHtf
Auto HTF
bool
true
autoHtf
Manual HTF
timeframe
5
manualHtf
HTF Mode
string
Soft
htfMode
HTF SuperTrend Factor
float
2.7
htfFactor
HTF ATR Length
int
12
htfAtrLen
Show Trail
bool
true
showTrail
Show Cloud
bool
true
showCloud
Show BUY/SELL Labels
bool
true
showLabels
Color Candles
bool
true
colorBars
Dashboard
bool
true
showDash
Chop Background
bool
true
showChopBg
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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