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 v6 · On the chart
CODEX NO1 Flip Engine v3
A confirmed-close trend flip indicator on the price chart, where BUY exits a short and enters long and SELL does the reverse.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code475
Settings40inputs
LicenceNone stated
Last update2 months ago23 Aug 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
Version 3 adds an adaptive KAMA component to the baseline and a reversal acceptance step that checks directional energy, close location, retracement depth and opposite structure. Ordinary flips are blocked when choppiness, efficiency or ATR expansion still describe a noisy market. An optional higher-timeframe bias can be required. It is signal-only, with no orders.
- KAMA-weighted adaptive baseline
- Reversal acceptance checks
- Noisy-market flip blocking
- Optional higher-timeframe bias
- ATR trail with shock and gap pauses
Details
Published by
vedkanani123 on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Auto-adapt settings by timeframe | bool | true | autoTune |
| Use completed higher-timeframe bias | bool | true | useHtf |
| Hard HTF alignment | bool | false | htfHard |
| Auto-select higher timeframe | bool | true | autoHtf |
| Manual higher timeframe | timeframe | 240 | manualHtf |
| HTF trail factor | float | 3.0 | htfFactor |
| HTF ATR length | int | 14 | htfAtrLen |
| ATR length | int | 14 | atrLen |
| Trail distance x ATR | float | 2.80 | trailFactor |
| Trail widening in range | float | 1.25 | rangeTrailBoost |
| Use ZLEMA for fast structure | bool | true | useZlema |
| Fast length | int | 10 | fastLen |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Slow baseline length | int | 34 | slowLen |
| Baseline slope lookback | int | 3 | slopeLookback |
| Adaptive KAMA length | int | 18 | kamaLen |
| KAMA fast length | int | 2 | kamaFastLen |
| KAMA slow length | int | 30 | kamaSlowLen |
| Adaptive baseline weight | float | 0.42 | kamaWeight |
| ATR baseline length | int | 50 | atrBaseLen |
| Pause new signals above ATR ratio | float | 2.40 | shockAtrRatio |
| Pause new signals above candle range x ATR | float | 2.80 | shockRangeAtr |
| Pause after abnormal gap | bool | true | useGapFilter |
| Abnormal gap x previous ATR | float | 1.50 | gapAtrFactor |
| DMI/ADX length | int | 14 | adxLen |
| Trend ADX threshold | float | 19.0 | adxTrend |
| Range ADX threshold | float | 16.0 | adxRange |
| Minimum DMI spread | float | 2.5 | diSpread |
| Choppiness length | int | 14 | chopLen |
| Enter range above choppiness | float | 61.8 | chopEnter |
| Release range below choppiness | float | 55.0 | chopRelease |
| Efficiency length | int | 12 | effLen |
| Range efficiency threshold | float | 0.24 | effRange |
| Trend efficiency threshold | float | 0.32 | effTrend |
| RSI length | int | 14 | rsiLen |
| Structure lookback | int | 20 | structureLen |
| Breakout buffer x ATR | float | 0.05 | breakoutBufferAtr |
| Pullback buffer x ATR | float | 0.35 | pullbackBufferAtr |
| Use volume when available | bool | true | useVolume |
| Volume average length | int | 20 | volumeLen |
| Volume threshold x average | float | 1.05 | volumeFactor |
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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