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 v4
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 code425
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 4 is a separate state machine using a fast ZLEMA, a slow baseline, KAMA and a widened ATR trail. A signal needs a completed-box breakout, impulse displacement, a clean directional regime and opposite local and major structure. A very deep structure break can act as an emergency path. No fixed hold bars are used.
- Completed-box breakout requirement
- Impulse displacement and structure tests
- ZLEMA, slow baseline and KAMA blend
- Deep-break emergency path
- Optional higher-timeframe alignment
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 thresholds by timeframe | bool | true | v4AutoTune |
| Use completed higher-timeframe bias | bool | true | v4UseHtf |
| Require HTF alignment | bool | false | v4HardHtf |
| Auto-select higher timeframe | bool | true | v4AutoHtf |
| Manual higher timeframe | timeframe | 240 | v4ManualHtf |
| HTF trail factor | float | 3.0 | v4HtfFactor |
| HTF ATR length | int | 14 | v4HtfAtrLen |
| ATR length | int | 14 | v4AtrLen |
| Fast ZLEMA length | int | 12 | v4FastLen |
| Slow baseline length | int | 50 | v4SlowLen |
| Baseline slope lookback | int | 4 | v4SlopeLen |
| Adaptive KAMA length | int | 20 | v4KamaLen |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| KAMA fast length | int | 2 | v4KamaFast |
| KAMA slow length | int | 40 | v4KamaSlow |
| Adaptive baseline weight | float | 0.50 | v4KamaWeight |
| Trail distance x ATR | float | 3.20 | v4TrailFactor |
| Trail widening in noisy regime | float | 1.45 | v4RangeTrailBoost |
| ATR baseline length | int | 50 | v4AtrBaseLen |
| Pause ordinary signals above ATR ratio | float | 2.80 | v4ShockAtrRatio |
| Pause ordinary signals above candle range x ATR | float | 3.20 | v4ShockRangeAtr |
| Pause ordinary signals after abnormal gap | bool | true | v4UseGapFilter |
| Abnormal gap x previous ATR | float | 1.75 | v4GapAtrFactor |
| DMI/ADX length | int | 14 | v4AdxLen |
| Minimum trend ADX | float | 20.0 | v4AdxTrend |
| Minimum DMI spread | float | 3.0 | v4DiSpread |
| Choppiness length | int | 21 | v4ChopLen |
| Range state above choppiness | float | 61.8 | v4ChopEnter |
| Trend release below choppiness | float | 54.0 | v4ChopRelease |
| Efficiency length | int | 20 | v4EfficiencyLen |
| Range efficiency threshold | float | 0.25 | v4EfficiencyRange |
| Trend efficiency threshold | float | 0.34 | v4EfficiencyTrend |
| Minimum ATR ratio for ordinary signals | float | 0.90 | v4MinAtrRatio |
| Minimum ATR expansion ratio for reversal | float | 0.98 | v4MinExpansionRatio |
| Maximum choppiness for ordinary flips | float | 55.0 | v4MaxFlipChop |
| Minimum efficiency for ordinary flips | float | 0.36 | v4MinFlipEfficiency |
| Volume average length | int | 20 | v4VolumeLen |
| Volume threshold x average | float | 1.05 | v4VolumeFactor |
| Use volume when available | bool | true | v4UseVolume |
| Initial breakout lookback | int | 30 | v4EntryStructureLen |
| Local reversal lookback | int | 14 | v4LocalStructureLen |
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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