Indicator · Pine Script v5 · Own pane

Detrended Candles (Switchable)

by morindok

This indicator plots detrended candlesticks in a separate pane relative to a chosen baseline to highlight market cycles around a zero line.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code54
Settings4inputs
LicenceNone stated
Last update7 weeks ago6 Sep 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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.

Details

Published by

morindok on GitHub

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

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.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Select Baseline ModestringMAmode
MA Lengthint20ma_length
MA TypestringSMAma_type
HH/LL Lengthint20hl_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.

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