Indicator · Pine Script v4 · Own pane

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by RightShiner

This indicator plots the standard Accumulation/Distribution line along with a smoothed signal line in a separate pane.

View on GitHub

GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code27
Settings5inputs
LicenceNone stated
Last update3 years ago2 May 2023

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 configure the signal line as an exponential moving average or a simple moving average with adjustable length. When enabled, a dynamic ribbon fills the space between the Accumulation/Distribution line and the signal line, colored green when above and red when below. The indicator also provides optional visual markers for bullish crossovers and bearish crossunders between the two lines.

Details

Published by

RightShiner on GitHub

Type

Indicator, Pine Script v4

Draws

Separate pane below the chart

Category

Volume, Moving averages

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
Show Signal ?booltrueshowSignal
Signal Smoothing TypestringSMAsignalType
Signal Smoothing Lengthint21signalLength
Highlight Crossovers ?boolfalsehighlightCrossovers
Apply Ribbon Filling ?booltrueapplyFilling
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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