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
Users can enter a custom string of ones and zeros or enable an auto-generated Fibonacci sequence based on a chosen level. The script converts consecutive candle price actions into binary representations, where bullish bars represent ones and bearish bars represent zeros. When the active candle sequence matches the target string, a visual match label appears above the bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Use Auto Fibonacci Pattern?
bool
false
use_fibo
Fibonacci Level (if Auto)
int
4
fibo_level
Custom Complex Pattern (0 and 1)
string
10110
custom_pattern
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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