The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v5 · On the chart
Chandelier Exit + MACD [UT]
This indicator draws a Chandelier Exit on the price chart.
Repaints
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code102
Settings18inputs
LicenceNone stated
Last update3 years ago17 Feb 2023
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
Chandelier Exit + MACD [UT] sets a long stop under the highest price and a short stop above the lowest price, each offset by a multiple of ATR, then trails the active stop as price moves. Direction turns long or short when price crosses the opposite stop, and optional labels mark those flips. The ATR period, multiplier, close-versus-range extremes, and state fill are adjustable. MACD lengths, source, moving-average type, histogram colors, and an inverse switch are also inputs. Alerts fire when direction changes.
- ATR-based long and short trailing stops
- Buy and sell markers on direction flips
- Optional long and short state fill
- MACD length, source, and MA type inputs
- Alerts for direction changes and signals
Details
Published by
theupslidedown on GitHub
Code credit
Alex Orekhov (everget), as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Period | int | 22 | length |
| ATR Multiplier | float | 2.0 | mult |
| Show Buy/Sell Labels ? | bool | true | showLabels |
| Use Close Price for Extremums ? | bool | true | useClose |
| Highlight State ? | bool | true | highlightState |
| Fast Length | int | 12 | fast_length |
| Slow Length | int | 26 | slow_length |
| Source | source | close | src |
| Signal Smoothing | int | 9 | signal_length |
| Oscillator MA Type | string | EMA | sma_source |
| Signal Line MA Type | string | EMA | sma_signal |
| MACD Line | color | #2962FF | col_macd |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Signal Line | color | #FF6D00 | col_signal |
| Above Grow | color | #26A69A | col_grow_above |
| Fall | color | #B2DFDB | col_fall_above |
| Below Grow | color | #FFCDD2 | col_grow_below |
| Fall | color | #FF5252 | col_fall_below |
| inverse_strategy | bool | false | inverse_strategy |
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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