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
Indicator · Pine Script v5 · Own pane
GainzAlgo V2 [Alpha]
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.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code83
Settings10inputs
LicenceNone stated
Last update1 year ago15 Sep 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
GainzAlgo V2 [Alpha] draws visual signal labels on the chart alongside suggested take-profit and stop-loss levels derived from the Average True Range (ATR). Users can adjust the risk-to-reward ratio, ATR multipliers, label styling, and toggle repeating signal suppression. Signals require confirmed bar closes, preventing repainting on historical bars.
- Engulfing candlestick pattern detection
- Candle stability and momentum filters
- ATR-based take-profit and stop-loss targets
- Configurable risk-to-reward ratio presets
- Repeated signal suppression
Details
Published by
krishnandank on GitHub
Code credit
scalping, as written in the script's header
Type
Indicator, Pine Script v5
Draws
Separate pane below the 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.
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