This overlay indicator marks Linda Raschke short-term bar setups on the price chart. It flags Turtle Soup and Turtle Soup plus one false breakouts of a prior extreme, 80-20 bars, inside bars, failed inside-bar breakouts, outside up and down bars, NR4 and NR7 c
Indicator · Pine Script v5 · On the chart
GainzAlgo V2 [Alpha]
This indicator detects buy and sell signals on the price chart by combining engulfing candlestick patterns, body-to-range stability ratios, RSI boundaries, and price momentum over ten bars.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code87
Settings10inputs
LicenceNone stated
Last update12 months ago31 Oct 2025
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
Confirmed signals trigger visual buy and sell labels directly on candles. The script calculates proposed take profit and stop loss price levels using Average True Range (ATR) scaled by a chosen risk-to-reward ratio and multiplier. Settings allow users to filter out consecutive duplicate signals, adjust target multipliers, and customize label styles and colors.
- Engulfing pattern signal generation
- ATR-based profit and stop levels
- Selectable risk to reward ratios
- Consecutive signal filtering
- Customizable chart labels and styles
Details
Published by
IAMATOMIC001 on GitHub
Code credit
GainzAlgo, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns, Oscillators & momentum, Volatility & bands
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Display TP & SL | bool | true | show_tp_sl |
| Risk to Reward Ratio | string | 1:2 | rrr |
| TP & SL Multiplier | float | 1 | tp_sl_multi |
| TP & SL Precision | int | 2 | tp_sl_prec |
| Disable Repeating Signals | bool | true | disable_repeating_signals_param |
| Label Size | string | huge | label_size |
| Label Style | string | text bubble | label_style |
| BUY Label Color | input | GREEN | buy_label_color |
| SELL Label Color | input | RED | sell_label_color |
| Label Text Color | color | color.white | label_text_color |
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.
Similar Pine Scripts
This indicator plots buy and sell labels on the price chart. A buy appears when a short stochastic crosses up from below 20 while a slow MACD histogram is positive and a faster MACD histogram is negative. A sell uses the opposite stochastic and MACD alignment.
This indicator plots a customized RSI line on the price chart along with buy and sell signals triggered by bullish and bearish engulfing candle patterns. It calculates RSI using a user-adjustable length and custom overbought and oversold thresholds. Signals oc
Candle Pressure & Response (JMA) evaluates price action dynamics by calculating bidirectional candle pressure, upper and lower wick rejection fractions, body efficiency, and range expansion metrics relative to ATR. Each output series is smoothed using a Jurik
This indicator generates buy and sell signals based on engulfing candlestick patterns, a candle stability ratio relative to true range, RSI thresholds, and a multi-bar price momentum condition. It draws visual signal labels on the chart alongside suggested tak
The Engulf Indicator calculates a custom candlestick metric in a separate pane by evaluating the ratio of candle body size to total candle range, comparing it with the previous bar's body size, and normalizing the result with the Average True Range (ATR). It p
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers