The Fusion DBSI indicator calculates a momentum score for each candle by combining oscillators, wave momentum, VWAP, money flow, RSI, Stoch RSI, divergences, and an EMA ribbon.
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
Positive scores indicate bullish conditions while negative scores flag bearish reversal risk. It draws the score in a separate pane with optional labels, candle coloring, and a score display in the data window. The script supports Heikin Ashi or standard candles and includes alerts for wave crosses, Stoch RSI/RSI crosses, and divergences. Main settings switch between manual and preset workflows that adjust thresholds for bull trend, bear reversal, bear strength, and hot momentum; additional controls enable or disable labels, coloring, pane display, and alerts.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Workflow preset
string
Manual
preset
Use Heikin Ashi source
bool
true
useHeikinAshi
Bull trend threshold
int
15
bullTrendThreshold
Bear reversal threshold
int
-1
bearReversalThreshold
Top bearish strength threshold
int
18
bearStrengthThreshold
Hot momentum threshold
int
23
hotScoreThreshold
Show all candle scores
bool
false
showAllLabels
Show transition scores
bool
true
showTransitionLabels
Show top bearish strength scores
bool
true
showTopBearishScores
Color candles by score
bool
false
colorBars
Show score in data window/pane
bool
true
showScorePane
Enable alerts
bool
true
enableAlerts
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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