This overlay indicator plots Bollinger Bands around a simple moving average, three exponential moving averages, and RSI-based markers on the price 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
Triangles mark RSI below the oversold level or above the overbought level, and arrows mark RSI crossing those levels. Alert conditions fire when price is beyond a band by a set threshold, when the 50-period and 200-period simple averages cross, and on large bar-to-bar rises or falls. A label shows RSI plus the 200-bar high and low. It has no trade entries or exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
source
BB Length
int
50
BB_length
StdDev
float
2.0
BB_sdev
Out BB Threshold
int
80
OutBBThreshold
EMA Slow Length
int
200
ema_lengthSlow
EMA Mid Length
int
89
ema_lengthMid
EMA Fast Length
int
21
ema_lengthFast
rsiPeriod
int
14
rsiPeriod
overSold
int
20
overSold
overBought
int
80
overBought
start
float
0.02
start
increment
float
0.02
increment
Show all 13 settings
Setting
Type
Default
Variable
maximum
float
0.2
maximum
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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