This indicator draws Future Line of Demarcation lines on the price chart: the price source is shifted forward by half a cycle for up to three cycle periods, with automatic or manual periods and bar multipliers based on the chart timeframe.
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
Projected forward and backward cycle lengths are plotted, with transparency, width, smoothing and label offset settings per line. It supports cycle analysis and has no entry or exit rules. This variant turns the consistent period option off by default.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
hl2
src
Delay(must be less than Period)
int
0
delay
Plot Raw instead of smooted?
bool
false
plot_raw
Plot Consistent FLD Period (Mean Average)?
bool
false
plot_consistent_period
Hide FLD0?
bool
false
fld0_hide
Auto FLD #0 Setting?
string
Auto
mode_fld0
FLD TF Period #0
float
5.0
Period0
Number of FLD #0 Cycles to Display?
float
3.75
fld0_hist_bar
FLD #0 Auto Multiplier?
string
Auto
mode_multiplier0
FLD #0 Bars in TF Period
int
1
Multiplier0
Transparency Period #0
int
85
Transp0
Line Width Period #0
int
1
Width0
Show all 40 settings
Setting
Type
Default
Variable
Label Offset FLD 0
int
1
offset_len0
MA Smooth Len #0
int
1
smooth_len0
Period for Though Search FLD0
int
10
period0
Hide FLD1?
bool
false
fld_hide
Auto FLD #1 Setting?
string
Auto
mode_fld
FLD TF Period #1
float
10.0
Period
Number of FLD #1 Cycles to Display?
float
5.25
fld_hist_bar
FLD #1 Auto Multiplier?
string
Auto
mode_multiplier
FLD #1 Bars in TF Period
int
1
Multiplier
Transparency Period #1
int
30
Transp
Line Width Period #1
int
1
Width
Label Offset FLD 1
int
5
offset_len1
MA Smooth Len #1
int
3
smooth_len
Period for Though Search FLD1
int
10
period1
Hide FLD2?
bool
false
fld2_hide
Auto FLD #2 Setting?
string
Auto
mode_fld2
FLD TF Period #2
float
20.0
Period2
Number of FLD #2 Cycles to Display?
float
5.25
fld2_hist_bar
Number of FLD #2 Cycles to Display (Alternate)?
float
10.5
fld2a_hist_bar
FLD2 Auto Multiplier?
string
Auto
mode_multiplier2
FLD2 Bars in TF Period
int
1
Multiplier2
Transparency Period #2
int
60
Transp2
Transparency Period #2 (Alternate)
int
70
Transp2a
Line Width Period #2
int
2
Width2
Line Width Period #2 (Alternate)
int
1
Width2a
Label Offset FLD 2
int
5
offset_len2
MA Smooth Len #2
int
3
smooth_len2
Period for Though Search FLD2
int
10
period2
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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