This indicator plots standard Bollinger Bands and three configurable moving averages directly on the price chart. Users can toggle the Bollinger Bands, adjust their length and multiplier, and choose between exponential or simple moving averages for fast, slow,
Indicator · Pine Script v6 · On the chart
Blackflag FTS
Blackflag FTS is an overlay trend-following indicator that calculates dynamic trailing stop levels using an ATR-based volatility filter and Wilder's moving average.
GitHub stars1on the repository
Pine versionv6current
Lines of code74
Settings3inputs
LicenceNone stated
Last update7 months ago13 Mar 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
Blackflag FTS features both modified and standard true range calculations to limit extreme volatility spikes when building trend bands. The indicator plots a color-coded trailing stop line and extremum price levels directly on the chart, filling the space between price and trailing bounds. Long and short signals trigger when price crosses the stop line.
- ATR-based trailing stop calculation
- Modified true range volatility filter
- Custom Wilder's moving average function
- Dynamic chart visualization with filled trend bands
- Bullish and bearish trend reversal alert conditions
Details
Published by
ymlee1104 on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Trailtype | string | modified | trailType |
| ATR Period | int | 28 | ATRPeriod |
| ATR Factor | float | 6.0 | ATRFactor |
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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