by 
This indicator identifies candlestick patterns on the price chart by combining price action with momentum factors and trend filters. It calculates one of four selectable oscillators: Karobein Oscillator, Money Flow Index, RSI, or Stochastic, alongside trend ru
Indicator · Pine Script v4 · On the chart
ARPS Scalp Strategy
A Pine v4 study, despite its name not a backtesting strategy, that combines many tools on the price chart.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code330
Settings18inputs
LicenceNone stated
Last update6 months ago18 Apr 2026
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
ARPS Scalp Strategy plots zero-lag 50 and 200 EMAs, an awesome-style oscillator, an RSI and stochastic cross, Parabolic SAR, a trend continuation factor and an optional Ichimoku cloud. It also flags doji, star, hammer, harami, engulfing and dark cloud candle patterns. Inputs set stochastic lengths, doji size limits and Ichimoku periods. Many overlapping signals can make the chart busy.
- Zero-lag EMA 50 and 200
- RSI and stochastic cross logic
- Candlestick pattern markers
- Configurable Ichimoku cloud
- Parabolic SAR and trend continuation factor
Details
Published by
ali-rajabpour on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Candlestick patterns, Oscillators & momentum, Trend
Markets
Any symbol
Timeframes
M1-M5
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | length |
| Source | source | close | src |
| K | int | 14 | periodK |
| D | int | 3 | periodD |
| Smooth | int | 3 | smoothK |
| Doji size | float | 0.03 | DojiSize |
| Doji's Max Body size | float | 0.15 | Precision |
| Previous Doji size | float | 0.03 | DojiSizeP |
| Doji's Max Body size | float | 0.15 | Precision2 |
| Ichimoku ? | bool | false | ichi |
| Ichimoku adjust and double ? | bool | true | ichi2 |
| Tenkan-sen Periods | int | 26 | tenkanPeriods |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Kijun-sen Periods | int | 65 | kijunPeriods |
| Senkou Span B Periods | int | 129 | SenkouSpanBPeriods |
| Chikou Periods | int | 33 | displacement |
| Kyan-sen Periods | int | 65 | kyanPeriods |
| Show Crosses up/down Tenkan-Sen and Kinjun-Sen ? | bool | false | cr1 |
| Show Crosses up/down Chikou Span and Cloud ? | bool | true | cr2 |
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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