Plots a channel-based oscillator in a separate pane, in the style of the WaveTrend family, using a channel length, an average length and a short smoothing length.
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
Bull4Life Hunters Indicator adds a percentage line over a chosen interval and circle markers when the oscillator reaches configurable bottom and top levels, with a circle count setting. An optional multi-exchange mode and long and short take-profit percentage inputs are included. It is an indicator only and does not place orders. Credits several earlier authors in its comments.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Channel Length
int
27
n1
Average Length
int
9
n2
Short length
int
3
n3
Percentage Line Interval
int
187
n4
Bottom Circle Level
int
27
bottom_level
Top Circle Level
int
90
top_level
Circle Count
int
187
count_length
Multi-exchange?
bool
false
multi
TP1 Long %
float
30
tp1_long
TP2 Long %
float
60
tp2_long
TP3 Long %
float
90
tp3_long
TP4 Long %
float
150
tp4_long
Show all 18 settings
Setting
Type
Default
Variable
TP5 Long %
float
240
tp5_long
TP1 Short %
float
20
tp1_short
TP2 Short %
float
30
tp2_short
TP3 Short %
float
35
tp3_short
TP4 Short %
float
40
tp4_short
TP5 Short %
float
45
tp5_short
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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