Fractal Sweep v2: 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

Besides detecting a sweep, return and CISD, it lets the user pick the entry point (market or limit at cascade retracement levels), the target reference, and a take profit by R:R ratio or by projection level. An optional partial take profit with its own size can be set. Stops use the sweep extreme or CISD level, and sizing uses a dollar risk and point value. It draws setups, outcome markers and a scoreboard on the price chart.

Market or limit entry at cascade levels
R:R or projection level take profit
Optional partial take profit
Stop at sweep extreme or CISD level
Scoreboard and outcome markers

Details

Published by

abhinaynatraj on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Indices

Timeframes

M1-M5, M15-H1

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

Fractal Sweep/pine/fractal_sweep_v2.pine

Repository

github.com/abhinaynatraj/TradingHub. 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
Min Risk (pts)	`float`	`3.0`	`min_risk`
Max Risk (pts)	`float`	`112.5`	`max_risk`
CISD Lookback Bars	`int`	`100`	`cisd_lookback`
Shallow Sweep (F3)	`bool`	`false`	`req_shallow_sweep`
Closed Back Inside (F4)	`bool`	`false`	`req_closed_back`
Entry Point	`string`	`Market`	`entry_mode`
Target Reference	`string`	`Entry`	`target_ref`
Show Cascade Levels	`bool`	`false`	`show_cascade`
Stop-Loss At	`string`	`Sweep Extreme`	`sl_mode`
TP Mode	`string`	`R:R Ratio`	`tp_mode`
R:R Target	`float`	`1.0`	`rr_ratio`
TP Projection	`float`	`1.0`	`tp_proj`

Show all 40 settings

Setting	Type	Default	Variable
Use Partial TP	`bool`	`false`	`use_partial`
TP1 Mode	`string`	`R:R Ratio`	`tp1_mode`
TP1 R:R Target	`float`	`0.5`	`tp1_rr`
TP1 Projection	`float`	`0.5`	`tp1_proj`
Partial Size %	`float`	`50.0`	`partial_pct`
Risk per Trade ($)	`float`	`225.0`	`risk_usd`
$ per Point	`float`	`2.0`	`point_value_usd`
Truncate on TP/SL Hit	`bool`	`true`	`truncate_on_hit`
Show Trade Setup	`bool`	`true`	`show_trade_setup`
Max Setups on Chart	`int`	`5`	`max_setups`
Show Outcome Markers (✓/✗)	`bool`	`true`	`show_outcome_markers`
Show Entry/SL/TP Pills	`bool`	`false`	`show_rr_pills`
Show Position Size	`bool`	`true`	`show_size_badge`
Show 50% Midpoints	`bool`	`false`	`show_midlines`
Show Scoreboard	`bool`	`true`	`show_scoreboard`
Scorecard Scope	`string`	`Today`	`scoreboard_scope`
Scorecard Last-N	`int`	`20`	`scoreboard_n`
Show Debug Label	`bool`	`false`	`show_debug`
T-Spot Zone	`bool`	`false`	`show_tspot`
T-Spot C2/C3 Labels	`bool`	`false`	`show_c_labels`
T-Spot Type Label	`bool`	`false`	`show_tspot_type`
CISD Projections	`bool`	`false`	`show_proj`
Projection Levels	`string`	`0.5,1.0,1.5,2.0`	`proj_levels_str`
T-Spot Transparency	`int`	`85`	`tspot_transp`
Show SMT Labels	`bool`	`true`	`show_smt`
Comparison Symbol	`string`	`ES1!`	`smt_symbol`
Color Mode	`string`	`Light`	`color_mode`
R:R Box Width (bars)	`int`	`20`	`rr_extend`

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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