This indicator plots Donchian Channels alongside fast and slow simple moving averages directly on the price chart. It generates bullish breakout signals when the high reaches the upper channel while the close is above the 50 SMA (and optionally the 200 SMA). B
Indicator · Pine Script v6 · On the chart
Candle Stage Analysis
This indicator classifies market trends into structured stages based on moving average alignments, compression, and ATR distance from the 50-period SMA.
GitHub stars41on the repository
Pine versionv6current
Lines of code205
Settings12inputs
LicenceNone stated
Last update2 days ago26 Oct 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
Candle Stage Analysis tracks multiple exponential moving averages against the 50 SMA to detect basing phases, breakouts, trend extensions, and distribution. Settings allow adjusting moving average lengths, breakout lookback windows, ATR basing thresholds, and toggling stage labels or bar coloring directly on the price chart.
- Multi-MA alignment and slope tracking
- ATR-normalized distance from 50 SMA
- Basing and compression stage detection
- Bullish and bearish extension thresholds
- Customizable bar or candle plot styles
Details
Published by
ChartsLector on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Breakout
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 |
|---|---|---|---|
| ATR Length (Wilder) | int | 14 | lenATR |
| EMA5 Length | int | 5 | lenEMA5 |
| EMA10 Length | int | 10 | lenEMA10 |
| Ema20 Length | int | 20 | lenema20 |
| SMA50 Length | int | 50 | lenSMA50 |
| Breakout/Breakdown Lookback | int | 20 | boLookback |
| 1A: Price within ±ATR of SMA50 | float | 1.0 | basingBandATR |
| 1A: MA spread ≤ x ATR | float | 1.5 | maCompressionATR |
| xATR Calculation Mode | string | ATR-percent normalized | atrxMode |
| Plot Style | string | Candles | plotStyle |
| Label Text Color | string | White | colorChoice |
| Show Stage Label | bool | false | showStageLabel |
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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