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
Area Momentum enters when the growth of that area has accelerated for a set number of bars and exits when growth slows. Settings pick the average type (SMA, EMA, WMA or HMA) and length, long or short permission, an ATR-based stop multiple and a reward-to-risk target. It draws trade markers, a statistics table and an equity curve using commission and capital inputs. Labels are in Russian.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Тип МА
string
EMA
ma_type
Период МА
int
50
ma_len
Баров ускорения для входа
int
2
confirm_bars
Long
bool
true
use_long
Short
bool
true
use_short
SL × ATR
float
1.5
sl_atr_m
TP (R:R)
float
2.0
tp_rr
ATR период
int
14
atr_len
Показать МА
bool
true
show_ma_line
Закрашивать область
bool
true
show_area
Метки сделок на графике
bool
true
show_tr
Equity кривая
bool
true
show_eq
Show all 18 settings
Setting
Type
Default
Variable
Отступ меток (× ATR)
float
1.5
lbl_off_m
Размер меток
string
small
lbl_size
Позиция таблицы
string
bottom_right
pos_main
Комиссия %
float
0.08
commission
Начальный капитал
float
10000
start_cap
Глубина теста (баров)
int
5000
max_bars
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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