Displacement 4x: Free TradingView Indicator (Pine Script)

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

Each engine measures candle range as open to close or high to low, compares it with a standard deviation multiple, and marks the candle when a fair value gap confirms on the next bar. Default multipliers run from 6.5 down to 5.0, and each engine has its own bull and bear toggle. Markers are shifted back one bar to sit on the displaced candle, and alerts are provided. Only confirmed bars are used.

Four separate displacement engines
Open-to-close or high-to-low range
Fair value gap confirmation
Per-engine bull and bear toggles

Details

Published by

nishpa800 on GitHub

Type

Indicator, Pine Script v5

Draws

On the price 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.

File

imports/20260531T103840_indicator_studies/originals/displacement_4x_shorttitle_disp_4x.txt

Repository

github.com/nishpa800/indicators. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
Range Type	`string`	`Open to Close`	`d1_type`
Std Dev Length	`int`	`100`	`d1_len`
Std Dev Multiplier	`float`	`6.5`	`d1_mult`
Show Bull	`bool`	`true`	`d1_show_b`
Show Bear	`bool`	`true`	`d1_show_r`
Range Type	`string`	`Open to Close`	`d2_type`
Std Dev Length	`int`	`100`	`d2_len`
Std Dev Multiplier	`float`	`6.0`	`d2_mult`
Show Bull	`bool`	`true`	`d2_show_b`
Show Bear	`bool`	`true`	`d2_show_r`
Range Type	`string`	`Open to Close`	`d3_type`
Std Dev Length	`int`	`100`	`d3_len`

Show all 20 settings

Setting	Type	Default	Variable
Std Dev Multiplier	`float`	`5.5`	`d3_mult`
Show Bull	`bool`	`true`	`d3_show_b`
Show Bear	`bool`	`true`	`d3_show_r`
Range Type	`string`	`Open to Close`	`d4_type`
Std Dev Length	`int`	`100`	`d4_len`
Std Dev Multiplier	`float`	`5.0`	`d4_mult`
Show Bull	`bool`	`true`	`d4_show_b`
Show Bear	`bool`	`true`	`d4_show_r`

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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