This overlay indicator screens a pasted list of up to forty symbols and draws a table on the price chart. It classifies bullish or bearish setups from the percent change between the current candle and the candle 250 bars back, then shows RSI with a simple movi
Indicator · Pine Script v5 · On the chart
GBPJPY Ver7 Phase2 - Entry Signal
This script calculates short and medium-period Rank Correlation Index (RCI) values to identify potential reversal entry signals directly on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code171
Settings9inputs
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 Phase2 - Entry Signal checks whether the short-term RCI crosses oversold or overbought threshold levels and hooks back, confirmed by the medium-term RCI direction. Valid trades generate arrow signals and can be restricted by a signal cooldown feature that prevents repeated alerts within a set bar window. The indicator also features options to display an information panel.
- Rank Correlation Index calculation
- Multi-period threshold entry filtering
- Signal cooldown bar limit
- On-screen information panel
Details
Published by
Pesci1134 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Screeners & dashboards
Markets
Forex
Timeframes
M15-H1
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短期期間 | int | 9 | rci_short_period |
| RCI中期期間 | int | 14 | rci_mid_period |
| RCI短期閾値 | int | 60 | rci_short_threshold |
| RCI中期閾値 | int | 40 | rci_mid_threshold |
| RCIライン表示（サブウィンドウ） | bool | false | show_rci_plot |
| シグナル矢印表示 | bool | true | show_signals |
| 情報パネル表示 | bool | true | show_info_panel |
| 1ダイバージェンス1エントリー制限 | bool | true | enable_1div1entry |
| シグナル抑制期間（バー数） | int | 144 | signal_cooldown_bars |
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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