This indicator calculates and plots dynamic SuperTrend volatility bands around median price to identify market trend direction. It signals bullish conditions when price stays above the green support line and bearish conditions when price falls below the red re
Indicator · Pine Script v4 · Own pane
DeFi Follow Line Trend Signal
This indicator tracks market direction by combining Bollinger Bands breakouts with ATR-adjusted pivot point channels.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code119
Settings7inputs
LicenceNone stated
Last update5 years ago11 Mar 2021
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
DeFi Follow Line Trend Signal establishes a primary trend line based on price breaking outer Bollinger Bands filtered by ATR, then validates the movement with a secondary pivot-based trailing band. When both mechanisms agree on a bullish or bearish continuation, the script triggers buy or sell pulses (+100 or -100). Plotted in a separate pane, it renders both trend lines, a filled background between them, and the discrete signal value.
- Bollinger Bands breakout detection
- ATR-filtered trailing trend line
- Pivot point channel smoothing
- Dual-line trend confirmation fill
- Discrete +100 and -100 signal output
Details
Published by
dcode500 on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Trend, Volatility & bands, Support & resistance
Markets
Crypto
Timeframes
H4 and above, M15-H1
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| BBperiod | int | 21 | BBperiod |
| BBdeviations | int | 2 | BBdeviations |
| ATRperiod | int | 14 | ATRperiod |
| UseATRfilter | bool | true | UseATRfilter |
| ATRmult | int | 3 | ATRmult |
| PivotLength | int | 5 | PivotLength |
| TrendSignal | int | 0 | signal1 |
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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