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 switch the baseline mode between a moving average and high/low extremes. In moving average mode, it subtracts a simple or exponential moving average from candle open, high, low, and close values. In high/low mode, candles are detrended against the period highest high and lowest low. The script provides visual cycle analysis and contains no trade signals or execution rules.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Select Baseline Mode
string
MA
mode
MA Length
int
20
ma_length
MA Type
string
SMA
ma_type
HH/LL Length
int
20
hl_length
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.
Cerebr Bloop is a momentum oscillator calculated by applying Heikin-Ashi candle logic to a zero-centered Relative Strength Index (RSI). Displayed in a separate pane, it visualizes smoothed RSI momentum candles alongside customizable overbought and oversold thr
Mean Reversion Study is an indicator that identifies trade setups combining exponential moving averages, RSI extremes, and engulfing candlestick patterns. It highlights bullish setups when a bullish engulfing candle forms below the EMA while RSI is oversold, a
This indicator identifies candlestick patterns on the price chart by combining price action with momentum factors and trend filters. It calculates one of four selectable oscillators: Karobein Oscillator, Money Flow Index, RSI, or Stochastic, alongside trend ru
This indicator overlays on the price chart and provides trend and momentum analysis. It calculates and plots three exponential moving averages with fixed periods of 20, 50, and 200 using yellow, orange, and blue colors respectively. The script also computes th
EmaRainbowCandleMark is a price-chart overlay that calculates a stack of exponential moving averages with Fibonacci-style lengths and tests candles for hammers, shooting stars, and bullish or bearish engulfing patterns. Body-to-wick tolerances set how strict t
This overlay indicator combines price-action swing structure with a MACD comparison and a dual moving-average filter. It finds pivot highs and lows, labels higher highs, lower highs, higher lows and lower lows, and builds a trend bias from those swings. It rep