This indicator overlays multiple technical analysis tools onto the price chart to evaluate trend direction and trade setups. It computes an exponential moving average, a smoothed Stochastic RSI, a custom Williams Alligator using smoothed moving averages with o
Indicator · Pine Script v5 · On the chart
GBPJPY Ver7 Phase1 - Environment Recognition
GBPJPY Ver7 Phase1 - Environment Recognition is a multi-timeframe trend and momentum analysis indicator designed for price charts.
Repaints
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code257
Settings11inputs
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 Ver7 Phase1 - Environment Recognition evaluates overall trend direction using a 4-hour 50 EMA and calculates MACD divergences on 1-hour charts using ZigZag pivot highs and lows. The indicator overlays background colors to highlight prevailing trend environments and potential trade entries, while drawing divergence lines across confirmed pivot points. Key settings allow users to adjust EMA lengths, MACD parameters, ZigZag pivot sensitivity, and divergence expiration limits. Note that ZigZag pivot detection relies on confirmed swing points, causing divergence signals to update after a bar delay.
- 4-hour EMA multi-timeframe trend filter
- 1-hour MACD divergence detection via ZigZag pivots
- Color-coded background market environment visualization
- Customizable ZigZag and MACD parameters
Details
Published by
Pesci1134 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Divergence
Markets
Forex
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
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 |
|---|---|---|---|
| 4時間足EMA期間 | int | 50 | ema_period |
| MACD Fast | int | 6 | macd_fast |
| MACD Slow | int | 13 | macd_slow |
| MACD Signal | int | 4 | macd_signal |
| ZigZag Depth | int | 12 | zigzag_depth |
| ZigZag Deviation | float | 5 | zigzag_deviation |
| ZigZag Backstep | int | 3 | zigzag_backstep |
| ダイバージェンス有効期間（時間） | int | 12 | divergence_valid_hours |
| ダイバージェンスライン表示 | bool | true | show_divergence_lines |
| トレンド背景色表示 | bool | true | show_trend_background |
| エントリー可能背景色表示 | bool | true | show_entry_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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