Arbitrage Detector [LuxAlgo]: Free TradingView Indicator (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 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

Arbitrage Detector [LuxAlgo] calculates cross-venue spreads and measures their percentile ranks to highlight market anomalies, plotting a smoothed gradient histogram in a separate pane with configurable percentile threshold levels (unusual, high, and typical). An interactive dashboard displays real-time asset prices, volumes, and deltas sorted by custom criteria to help identify arbitrage opportunities across different venues.

Multi-exchange price and volume delta monitoring
Smoothed histogram with percentile threshold levels
Configurable multi-asset table dashboard
Automatic venue selection for crypto and forex

Details

Published by

eddiebelaval on GitHub

Code credit

LuxAlgo, as written in the script's header

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Markets

Crypto, 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

pinescript/editors_picks/arbitrage-detector-luxalgo.pine

Repository

github.com/eddiebelaval/openclaw-tradingview. 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
Sources	`string`	`AUTO`	`sourceInput`
Average Length	`int`	`20`	`averageLengthInput`
spreadLengthInput	`int`	`1000`	`spreadLengthInput`
Full Dataset	`bool`	`false`	`spreadAllDataInput`
Unusual % >	`int`	`98`	`unusualPercentilInput`
High % >	`int`	`75`	`highPercentilInput`
Typical % >	`int`	`25`	`typicalPercentilInput`
Dashboard	`bool`	`true`	`dashboardInput`
orderColumnInput	`string`	`PRICE_LAST`	`orderColumnInput`
orderBiasInput	`string`	`DESCENDING`	`orderBiasInput`
Position	`string`	`TOP_RIGHT`	`dashboardPositionInput`
Size	`string`	`SMALL`	`dashboardSizeInput`

Show all 25 settings

Setting	Type	Default	Variable
Price Delta	`bool`	`true`	`priceDeltaInput`
Volume Delta	`bool`	`false`	`volumeDeltaInput`
Unusual	`bool`	`true`	`unusualInput`
unusualColorInput	`color`	`YELLOW`	`unusualColorInput`
High	`bool`	`true`	`highInput`
highColorInput	`color`	`JUNGLE`	`highColorInput`
Typical	`bool`	`true`	`typicalInput`
typicalColorInput	`color`	`OCEAN`	`typicalColorInput`
Low	`color`	`BLUE`	`lowColorInput`
Percentiles Auto Color	`bool`	`false`	`autoColorInput`
Histogram Gradient	`bool`	`true`	`gradientColorInput`
Histogram Smoothing	`int`	`9`	`smoothingLengthInput`
Auto	`bool`	`true`	`autoSmoothingInput`

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.

Similar Pine Scripts

Oscillator Suite

by TamaraKGreen

46

Oscillator Suite plots a normalised price oscillator in a separate pane and overlays a signal line that can use SMA, EMA, WMA, HMA, RMA, VWMA, T3, ZEMA, KAMA, or GKEMA. It marks bullish and bearish divergences, a smoothed money-flow series, confluence areas an

Indicator v5 Oscillators & momentumDivergence

Updated 7 weeks ago · None stated

Relative Strength Table

by ChartsLector

41

This indicator builds a table of relative strength for up to six user-chosen symbols against a benchmark, defaulting to SPY. It measures strength over four lookback periods, can average the visible periods, and can add relative volume as current volume divided

Indicator v6 Screeners & dashboardsVolume

Updated 2 days ago · None stated

Momentum Setup: RSI Direction Confirmation

by Salikha003

17

This indicator calculates the Relative Strength Index (RSI) alongside a simple moving average to generate directional momentum signals in a separate pane. It supports Break Flip and Break Continuous scanning modes for long and short setups. A wide array of opt

Indicator v5 Oscillators & momentumVolatility & bands

Updated 1 year ago · None stated

CVD Z-Score [NeuNue]

by NeuNue

11

This indicator plots a smoothed Z-score of cumulative volume delta in a separate pane, showing whether buying or selling pressure is dominant and when the reading enters extreme zones. It marks spot accumulation, climax or exhaustion, and pivot-based price-vol

Indicator v6 Oscillators & momentumVolume Repaints

Updated 7 weeks ago · MIT

Candle Pressure Index [WavesUnchained]

by casoon

9

The Candle Pressure Index measures buying versus selling pressure from candle geometry and relative volume. Each bar combines close location, body ratio, and volume rank into a raw pressure value. An exponential moving average of that pressure forms the CPI os

Indicator v6 Oscillators & momentumVolume

Updated yesterday · MIT

Nexural OrderFlow Matrix

by JasonTeixeira

9

Nexural OrderFlow Matrix is an order flow visualization tool that plots a detailed heatmap table and stacked imbalance bars in a separate pane. It calculates volume metrics using lower timeframe volume delta data, displaying per-candle metrics such as Delta, D

Indicator v6 VolumeScreeners & dashboards

Updated 12 days ago · Custom licence

More indicators

Arbitrage Detector [LuxAlgo]