This script provides two color helpers: one converts red, green and blue channels into hue, saturation and lightness, and the other builds a Pine color from hue, saturation, lightness and transparency.
Integer inputs set those four values within fixed ranges. On the last bar it draws a thick horizontal line at zero, extended both ways, using the resulting color. It plots in a separate pane and does not generate trade entries, exits or risk rules.
RGB to HSL conversion function
HSL values to Pine color
Hue, saturation, lightness and transparency inputs
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
h
int
127
h
s
int
50
s
l
int
50
l
t
int
0
t
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.
Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source. It plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below t
This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Range Volume Change compares volume inside a chosen session window with the same window on the previous day and plots that change as a percentage. It accumulates volume during the window and, when enabled, volume outside it, drawing growing columns in a separa
This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
This indicator plots the Average Directional Index in a separate pane and colors the line teal or maroon according to whether plus DI is above minus DI. A horizontal key level and a silver background mark periods when ADX exceeds that threshold. With labels en
The Mojito v3 Strategy indicator evaluates volatility term structure by calculating the ratio between front-month and second-month VIX futures contracts. It smooths this ratio using a configurable median filter and compares the result against user-defined uppe