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
Bands default to an exponential basis and can use simple, smoothed or weighted types. The average cloud changes colour with market state: full uptrend, pullback in an uptrend, neutral, pullback in a downtrend or full downtrend. Optional plus signs mark strong-momentum bars. Settings change periods, deviation and cloud transparency.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Período das bandas
int
21
periodoBB
Desvios das bandas
float
2.0
desvioBB
Tipo da média das bandas
int
1
tipoMediaBB
Período da média longa
int
34
periodoMMELonga
Período da média curta
int
13
periodoMMECurta
Plotar média longa
bool
false
plotarMMELonga
Mostrar sinais + (compra/venda)
bool
true
mostrarSinais
Nuvem entre as bandas
bool
true
mostrarNuvem
Transparência da nuvem (0-100)
int
65
transpNuvem
Nuvem entre as médias
bool
true
mostrarNuvemMME
Transparência da nuvem das médias (0-100)
int
80
transpNuvemMME
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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