This indicator plots a momentum-based ZigZag on the price chart from a QQE calculation driven by a multi-timeframe RSI. It marks bullish and bearish ZigZag segments, optional divergence and convergence between price and that RSI, and an optional Supertrend lin
Indicator · Pine Script v5 · On the chart
GBPJPY System - MACD Divergence Strategy
The GBPJPY System is a MACD divergence strategy for the GBPJPY pair.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code333
Settings20inputs
LicenceNone stated
Last update2 weeks ago13 Oct 2026
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
GBPJPY System - MACD Divergence Strategy calculates MACD on the 1-hour timeframe, RCI on the current bar, and EMA on the 4-hour timeframe to detect trend reversals and divergences. The script plots entry signals, stop loss, take profit, and background colors directly on the GBPJPY price chart. Main settings adjust MACD periods, RCI levels, EMA lengths, ZigZag depths, risk-reward ratio, and SL buffer, plus display options for signals and elements. It draws on the price chart using multi-timeframe data for signals without a separate pane.
- MACD Divergence Detection
- Multi-Timeframe RCI and EMA
- ZigZag Pattern Analysis
- Entry SL TP Signals
- GBP JPY Price Chart
Details
Published by
Pesci1134 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Divergence, Trend, Support & resistance
Markets
Forex
Timeframes
M15-H1, H4 and above
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.
Repository
Topics
github-configalgorithmic-tradingbacktestingdivergenceforexgbpjpymacdpinescriptpythontrading
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RCI短期 | int | 9 | rci_short_period |
| RCI中期 | int | 14 | rci_mid_period |
| RCI売られすぎ | int | -60 | rci_oversold |
| RCI買われすぎ | int | 60 | rci_overbought |
| RCI中期売られすぎ | int | -40 | rci_mid_oversold |
| RCI中期買われすぎ | int | 40 | rci_mid_overbought |
| EMA (トレンド判定) | int | 50 | ema_short |
| EMA中期（未使用） | int | 75 | ema_mid |
| EMA長期（未使用） | int | 200 | ema_long |
| MACD Fast | int | 6 | macd_fast |
| MACD Slow | int | 13 | macd_slow |
| MACD Signal | int | 4 | macd_signal |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ZigZag 5分足 Depth | int | 5 | zigzag_depth_5m |
| ZigZag 1時間足 Depth | int | 12 | zigzag_depth_1h |
| リスクリワード | float | 1.5 | risk_reward |
| SLバッファ(pips) | float | 2.0 | sl_buffer_pips |
| エントリーシグナル表示 | bool | true | show_entries |
| SL/TP表示 | bool | true | show_sl_tp |
| ダイバージェンス表示 | bool | true | show_divergence |
| 背景色表示（エントリー可能） | bool | true | show_background |
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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