Elite Algo Modded By AlgoPoint: 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

Elite Algo Modded By AlgoPoint calculates advanced historical volatility metrics, including Garman-Klass and Yang-Zhang estimators, to evaluate market conditions. Users can toggle an on-chart dashboard, adjust sensitivity, filter signals by consolidation, and configure multi-target profit levels. Because this is an indicator rather than an automated strategy, signal targets and trailing stops serve only as visual guides without automated trade execution.

On-chart dashboard display
Trend cloud visualization
Swing high and low detection
Multiple take-profit target levels
Historical volatility calculations

Details

Published by

IAMATOMIC001 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

Indicators/ELITE_ALGO_MODDED.PINE

Repository

github.com/IAMATOMIC001/TradingView-MT4-MT5-Indicators-Strategies-Collection. 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
Enable Dashboard	`bool`	`true`	`enableDashboard`
Location	`string`	`Middle right`	`locationDashboard`
Size	`string`	`Tiny`	`sizeDashboard`
Bg color	`color`	`#2A2E39`	`colorBackground`
Frame color	`color`	`#2A2E39`	`colorFrame`
Border color	`color`	`#363A45`	`colorBorder`
Show signals	`bool`	`true`	`showSignals`
Strategy	`string`	`Normal`	`strategy`
Sensitivity	`float`	`1.8`	`sensitivity11`
Auto Sensitivity	`bool`	`true`	`auto_button`
Consolidation signals filter	`bool`	`false`	`consSignalsFilter`
Smart signals only	`bool`	`false`	`smartSignalsOnly`

Show all 40 settings

Setting	Type	Default	Variable
Candle colors	`bool`	`false`	`candleColors`
Momentum candles	`bool`	`false`	`momentumCandles`
High volume signals only	`bool`	`false`	`highVolSignals`
Enable trailing stop-loss	`bool`	`false`	`enableTrailingSL`
% Trailing sl	`bool`	`false`	`usePercSL`
percTrailingSL	`float`	`1`	`percTrailingSL`
Enable Swing High's & Swing's Low's	`bool`	`false`	`enableSwings`
periodSwings	`int`	`10`	`periodSwings`
Enable take profit/stop-loss areas	`bool`	`false`	`enableTpSlAreas`
useTP1	`bool`	`true`	`useTP1`
TP 1	`float`	`1`	`multTP1`
useTP2	`bool`	`true`	`useTP2`
TP 2	`float`	`2`	`multTP2`
useTP3	`bool`	`true`	`useTP3`
TP 3	`float`	`3`	`multTP3`
Take profit labels	`bool`	`true`	`tpLabels`
Show Trend cloud	`bool`	`true`	`showTrendCloud`
Trend cloud period	`string`	`New`	`periodTrendCloud`
Trend only signals	`bool`	`false`	`signalsTrendCloud`
Fast trend cloud	`bool`	`false`	`fastTrendCloud`
Fast trend cloud	`int`	`55`	`fastTrendCloudLen`
Enable Auto Trendlines	`bool`	`false`	`enableAutoTrend`
Trend channel source	`source`	`close`	`srcTrendChannel`
Trend channel loopback	`int`	`200`	`lenTrendChannel`
Enable support and resistance	`bool`	`false`	`enableSR`
Line Style	`string`	`Dashed`	`lineSrStyle`
Line Width	`int`	`2`	`lineSrWidth`
Consolidation Zones	`bool`	`false`	`showCons`

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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