Indicator · Pine Script v6 · On the chart

GainzAlgo V2 Alpha

by Bakomebandias

This overlay indicator scores breakouts of recent highs and lows against failed-breakout checks, EMA trend alignment, RSI momentum, and an ATR volatility band.

View on GitHub

GitHub stars8on the repository
Pine versionv6current
Lines of code152
Settings5inputs
LicenceNone stated
Last update6 months ago29 Apr 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

GainzAlgo V2 Alpha plots green buy and red sell labels when conditions pass a minimum score, and it prints ATR-based take-profit and stop-loss prices on those labels. Sensitivity changes the lookback for highs and lows, while score, TP, and SL multipliers adjust the filter and the label prices. Alerts can be switched on. It draws on the price chart. The provided code ends before the full signal logic is visible.

Details

Published by

Bakomebandias on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Category

Trend, Oscillators & momentum, Volatility & bands, Breakout

Markets

Any symbol

Timeframes

Any timeframe

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.

SettingTypeDefaultVariable
Score minimumint50score_min
Sensibilitéint9src_len
TP Multiplierfloat2.0tp_mult
SL Multiplierfloat1.0sl_mult
Alertesbooltruealert_on
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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