This indicator classifies market behavior into momentum, mean-reversion, noise, or mixed regimes. It fuses four statistical predictability sensors—Variance Ratio across multiple horizons, return autocorrelation, Hurst exponent approximation, and fractal effici
Indicator · Pine Script v6 · On the chart
Dynamic Extreme Channels & Reversals [LuxAlgo]
Dynamic Extreme Channels & Reversals tracks evolving price highs and lows to plot adaptive channel bands and a midline directly on the price chart.
GitHub stars7on the repository
Pine versionv6current
Lines of code165
Settings10inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
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
When no new extremes occur within the specified lookback window, the channel boundaries interpolate toward price according to a configurable reset alpha percentage. It highlights reversal signals and supports an alternative trailing stop mode that switches boundaries based on trend direction. Users can adjust lookback lengths, reset sensitivity, visual styles, and configure an on-chart information dashboard.
- Dynamic extreme channel boundaries
- Configurable alpha-based reset mechanism
- Optional trailing stop mode
- On-chart status dashboard
- Reversal signal visual markers
Details
Published by
eddiebelaval on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Volatility & bands, Mean reversion, Screeners & dashboards
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Lookback Period | int | 20 | lengthInput |
| Reset Alpha % | float | 50.0 | alphaInput |
| Trailing Stop Mode | bool | false | trailingModeInput |
| Dashboard | bool | true | dashboardInput |
| Position | string | TOP_RIGHT | dashboardPositionInput |
| Size | string | SMALL | dashboardSizeInput |
| Show Reversal Signals | bool | true | showSignalsInput |
| Upper Color | color | color.new(GREEN, 50) | upperColorInput |
| Midline Color | color | color.new(color.gray, 20) | midColorInput |
| Lower Color | color | color.new(RED, 50) | lowerColorInput |
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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