Ghost Alpha: Free TradingView Indicator (Pine Script)

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

Ghost Alpha also covers swing structure detection with levels and supply and demand zones, a two-line Williams %R exhaustion gauge, squeeze detection and a dashboard. An auto-adapt option rescales lengths to the chart timeframe, and each length can be set manually. It is an analysis display with no order logic.

Hull band with optional higher timeframe Hull
TRAMA, Keltner bands and key moving averages
Swing structure levels and zones
Williams %R exhaustion and squeeze detection
Timeframe auto-adaptation of lengths

Details

Published by

mphinance on GitHub

Code credit

mph1nance + Sam the Quant Ghost, as written in the script's header

Type

Indicator, Pine Script v6

Draws

On the price chart

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.

File

docs/pine/ghost_alpha.pine

Repository

github.com/mphinance/mphinance. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Auto-adapt to timeframe	`bool`	`true`	`auto_adapt`
Source	`source`	`close`	`hull_src`
Variation	`string`	`Hma`	`hull_mode`
Length (manual)	`int`	`55`	`hull_len_man`
Show as Band	`bool`	`true`	`hull_show_band`
Show HTF Hull	`bool`	`false`	`htf_enable`
Timeframe	`timeframe`	`60`	`htf_tf`
Show HTF Band	`bool`	`true`	`htf_show_band`
Length (manual)	`int`	`34`	`trama_len_man`
Source	`source`	`close`	`trama_src`
Show TRAMA Line	`bool`	`true`	`trama_show`
Show Keltner Bands	`bool`	`true`	`kc_enable`

Show all 40 settings

Setting	Type	Default	Variable
EMA Length (manual)	`int`	`21`	`kc_len_man`
ATR Length (manual)	`int`	`14`	`kc_atr_man`
ATR Multiplier	`float`	`2.0`	`kc_mult`
Show SMA 50	`bool`	`true`	`ma_show_50`
Show SMA 200	`bool`	`true`	`ma_show_200`
Show VWAP (intraday only)	`bool`	`true`	`ma_show_vwap`
Enable Structure Detection	`bool`	`true`	`brk_enable`
Swing Length (manual)	`int`	`5`	`brk_swing_man`
Show Swing Levels	`bool`	`true`	`brk_show_levels`
Show S/D Zones	`bool`	`false`	`brk_show_zones`
Zone History	`int`	`5`	`brk_zone_history`
Fast %R (manual)	`int`	`21`	`exh_fast_man`
Slow %R (manual)	`int`	`112`	`exh_slow_man`
Threshold	`int`	`20`	`exh_threshold`
Fast Smooth	`int`	`7`	`exh_fast_smooth`
Slow Smooth	`int`	`3`	`exh_slow_smooth`
Show Trend Start Warnings	`bool`	`false`	`exh_show_warn`
Enable Squeeze Detection	`bool`	`true`	`sqz_enable`
ATR Length	`int`	`14`	`sqz_atr_len`
Enable IV Percentile	`bool`	`true`	`iv_enable`
HV Length	`int`	`21`	`iv_hv_len`
Rank Lookback	`int`	`252`	`iv_rank_len`
Hull Candle Coloring	`bool`	`true`	`sig_grad_candle`
Show Fair Value Gaps	`bool`	`true`	`fvg_enable`
Max FVG Boxes	`int`	`10`	`fvg_history`
Show Ghost Trail (ATR Stop)	`bool`	`true`	`trail_enable`
ATR Length	`int`	`14`	`trail_atr`
ATR Multiplier	`float`	`2.5`	`trail_mult`

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

Trend Strength & Volatility

by Zettt

43

This indicator evaluates market momentum and risk by calculating trend metrics and volatility stats, displaying them in an on-chart table pane. It measures short-term and long-term trend strength via two MACD configurations built on three customizable EMA leng

Indicator v5 TrendVolatility & bands

Updated 1 year ago · None stated

GK Trend Ribbon SWING + PREPARE HUD

by eddiebelaval

7

This indicator plots a zero-lag EMA center line with ATR bands on the price chart. It marks bullish or bearish mode after closes stay beyond a band for a set number of bars and the center line slopes that way. Confirmed buy and sell labels appear only after th

Indicator v6 TrendMoving averages Repaints

Updated 3 months ago · None stated

AlligatorTrend V1 — Master Trader

by IvPalmer

2

This indicator tracks crypto trend reversals by combining the Williams Alligator with an ATR stop level and a higher-timeframe market filter. Long signals trigger when the Lips line crosses above the Jaw line while Bitcoin trades above its daily 200-period sim

Indicator v6 TrendMoving averages Repaints

Updated yesterday · None stated

NIFTY SpreadGuard V2024 - Mega-Sidebar Sniper

by pravindev666

2

Calculates market volatility, velocity, dynamic VIX thresholds, and multi-timeframe directional bias to assess risk regimes for Nifty index options trading. It computes a danger score based on ATR, VIX rate of change, Bollinger Band width, and price velocity t

Indicator v5 Volatility & bandsScreeners & dashboards

Updated 2 weeks ago · None stated

Quick Stats

by etnt

2

Quick Stats displays key trading metrics directly on the price chart overlay. It calculates Mark Minervini's Trend Template rules by scoring moving average alignments (50, 150, and 200 SMAs), 200 SMA slope, and 52-week high/low proximities. Additionally, it co

Indicator v5 TrendVolatility & bands

Updated 1 year ago · MPL-2.0

Zero Lag Trend Signals (MTF) [AlgoAlpha]

by TamTH-Dev

2

Calculates a Zero Lag Exponential Moving Average (ZLEMA) combined with Average True Range volatility bands to determine market trends. It plots the ZLEMA basis line, volatility bands, trend reversal labels, and entry signals directly on the price chart. Additi

Indicator v5 TrendMoving averages Repaints

Updated 5 weeks ago · None stated

More Trend scripts

Ghost Alpha