An educational Pine Script v4 indicator that demonstrates how higher timeframe requests behave with each combination of the gaps and lookahead settings of security().
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
Avoid Repainting With security() draws lines for the current and previous higher timeframe value on the price chart, with labels, and shows two helper functions: one that never repaints and one that can offer a repainting or non-repainting choice. A warning appears if the chart is not on a lower timeframe than the one requested.
Every gaps and lookahead permutation of security()
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show
input
SH1
show
Plot Labels
bool
true
labelsOn
Higher timeframe used for security() calls
timeframe
5
higherTf
Source used in security() calls
source
close
data
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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