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MACD Breakout builds a higher-timeframe MACD from preset fast and slow lengths using SMA or EMA, and marks support and resistance zones from histogram sensitivity. Optional filters require zero-line agreement, higher-timeframe direction, and linear-regression
Indicator · Pine Script v6 · Own pane
Cipher B
Cipher B is a multi-indicator plotting WaveTrend oscillator lines and signals alongside Stochastic RSI, MFI area with color bars, and buy sell marks.
GitHub stars3on the repository
Pine versionv6current
Lines of code151
Settings19inputs
LicenceNone stated
Last update1 year ago18 Feb 2025
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
Cipher B draws all elements in a separate pane. WaveTrend calculates using SMMA and EMA on source like ohlc4 with adjustable lengths. RSI uses custom stochastic on close or other source with overbought oversold thresholds. MFI applies smoothed difference formula. Users toggle visibility of waves, fast waves, MFI bars, RSI lines, and guide levels. No exit rules or position sizing apply as it is a pure indicator.
- WaveTrend oscillator
- MFI color bars
- Stochastic RSI
- Buy sell marks
- Overbought oversold levels
Details
Published by
diehardyearone on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Support & resistance
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 |
|---|---|---|---|
| Show Waves | bool | true | wtShow |
| Show Fast Waves | bool | true | Showvwap |
| Show MFI Waves | bool | true | rsiMFIShow |
| Show MFI Color Bars | bool | true | mfiColorBarsShow |
| Show Wave Trend Circle Marks | bool | true | wtDotsShow |
| Show Strong Buy/Sell Circle Marks | bool | true | bsDotsShow |
| Show RSIs Lines | bool | true | rsiShow |
| Show Over-Buy/Sell Guide Lines | bool | true | levelsGuideShow |
| _rsiSRC | source | close | rsiSRC |
| _rsiLen | int | 20 | rsiLen |
| _rsiOverSold | int | 30 | rsiOverSold |
| _rsiOverBought | int | 60 | rsiOverBought |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| _rsiMFIperiod | int | 60 | rsiMFIperiod |
| _rsiMFIMultiplier | int | 200 | rsiMFIMultiplier |
| _rsiMFIPosY | float | 2.5 | rsiMFIPosY |
| _wtChannelLen | int | 5 | wtChannelLen |
| _wtAverageLen | int | 20 | wtAverageLen |
| _wtMASource | source | ohlc4 | wtMASource |
| _wtMALen | int | 3 | wtMALen |
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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