This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v4 · On the chart
Bollinger Bands
This indicator plots a Bollinger-style envelope on the price chart.
GitHub stars32on the repository
Pine versionv4older, still runs
Lines of code23
Settings3inputs
LicenceNone stated
Last update3 years ago10 Dec 2022
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
Bollinger Bands calculates a simple moving average of the chosen source and multiplies the standard deviation by the multiplier to set the deviation. It draws the basis plus two pairs of offset lines at 0.75 and 0.38 of that deviation, colored as upper and lower bands, and fills the area between the basis and the outer bands. Length, source, and multiplier change the calculation. It does not place orders or define exits.
- SMA basis of the selected source
- Outer bands at 0.75 of deviation
- Inner bands at 0.38 of deviation
- Fill between the basis and outer bands
- Length, source, and multiplier inputs
Details
Published by
modster on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Volatility & bands
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 |
|---|---|---|---|
| length | int | 20 | length |
| Source | source | close | src |
| mult | float | 2.0 | mult |
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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