A Pine v4 price-chart indicator that combines an Ehlers Stochastic CG oscillator, Bill Williams Alligator lines with regular and ideal fractals, and custom divergence detection.
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
The oscillator gives long and short conditions from level crosses, and the Alligator state (up, down or neutral) combines with fractals to flag possible reversals or trend confirmation. Alerts are provided for the signals, and display toggles hide the Alligator, fractals or levels. Most parameters are set inside the code rather than as inputs.
Ehlers Stochastic CG oscillator signals
Alligator lines with regular and ideal fractals
Divergence detection
Alert conditions for signals
Display toggles for Alligator, fractals and levels
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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