This overlay indicator marks volume-driven buying and selling pressure on the price chart. It compares volume with a simple moving average scaled by a volatility-based multiplier, and it uses a trend simple moving average plus RSI thresholds to color bars. Swi
Indicator · Pine Script v5 · On the chart
EzAlgo
EzAlgo is a multi-purpose trading overlay that combines several technical analysis tools into one system.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code632
Settings31inputs
LicenceNone stated
Last update5 weeks ago18 Sep 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
EzAlgo calculates Ichimoku Cloud components, dynamic support and resistance zones, reversal bands, trend ribbons, and custom buy or sell signals adjusted by sensitivity settings. It also recolors candlesticks based on volume thresholds. Users can toggle between swing and scalping presets to adapt to different styles. All features render directly on the main price chart.
- Ichimoku Kinko Hyo cloud visualization
- Dynamic support and resistance zones
- Configurable buy and sell signals
- Volume-based candlestick recoloring
- Trend ribbons and reversal bands
Details
Published by
TamTH-Dev on GitHub
Code credit
tamth_, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Support & resistance, Volume, Oscillators & momentum
Markets
Any symbol
Timeframes
M1-M5, M15-H1, H4 and above
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 |
|---|---|---|---|
| Strategy | string | Swing | strategy |
| Show | bool | true | ikhShowed |
| Tenkan-Sen Length | int | 9 | tenkanLen |
| Kijun-Sen Length | int | 26 | kijunLen |
| Senkou-Span B Length | int | 52 | senkouSpanBLen |
| Chikou-Span Displacement | int | 26 | chikouSpanDisplacement |
| Kumo Cloud Displacement | int | 26 | kumoCloudDisplacement |
| Show | bool | true | srShowed |
| Period | int | 284 | srPrd |
| Support Color | color | #00bbf94d | srSupportColor |
| Resistance Color | color | #e91e624d | srResistanceColor |
| Strength | int | 2 | srStrength |
Show all 31 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Zone Width In % | float | 1.5 | srZoneWidthPerc |
| Value Color | color | #ffffff | srValColor |
| Show | bool | true | buySellSignalsShowed |
| Sensitivity | float | 1.7 | sensitivity |
| Show | bool | true | ribbonShowed |
| Leading Smoothing | int | 9 | ribbonLeadingSmoothing |
| Lagging Smoothing | int | 21 | ribbonLaggingSmoothing |
| Show | bool | false | revBandsShowed |
| Period | int | 30 | revBandsPrd |
| Show | bool | true | gpShowed |
| Depth | int | 20 | gpDepth |
| Deviation | float | 3 | gpThresholdMult |
| Color | color | YELLOW_COLOR | gpColor |
| Large Volume Up Candle Color | color | GREEN_COLOR | lgVolUpCandleColor |
| Medium Volume Up Candle Color | color | YELLOW_COLOR | mdVolUpCandleColor |
| Large Volume Down Candle Color | color | PURPLE_COLOR | lgVolDnCandleColor |
| Medium Volume Down Candle Color | color | PINK_COLOR | mdVolDnCandleColor |
| Normal Up Candle Color | color | AQUA_COLOR | norUpCandleColor |
| Normal Down Candle Color | color | RED_COLOR | norDnCandleColor |
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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