This indicator plots standard Bollinger Bands and three configurable moving averages directly on the price chart. Users can toggle the Bollinger Bands, adjust their length and multiplier, and choose between exponential or simple moving averages for fast, slow,
Indicator · Pine Script v5 · On the chart
HalfTrend + EMA
This indicator combines the HalfTrend trend-following algorithm with five exponential moving averages overlayed directly on the price chart.
GitHub stars16on the repository
Pine versionv5runs as is
Lines of code101
Settings10inputs
LicenceNone stated
Last update2 years ago31 Aug 2024
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
HalfTrend determines directional bias by evaluating local high and low price extrema over a selectable amplitude alongside ATR-based channel bounds. It plots buy and sell signal arrows on trend flips, shaded ATR volatility ribbons, and five customizable EMAs with default lengths of 10, 21, 50, 100, and 200. Key settings allow users to adjust amplitude, channel deviation, toggle arrows or channels, and modify EMA lengths.
- HalfTrend trend-following line and directional ribbons
- ATR-based upper and lower volatility channels
- Five customizable exponential moving averages
- Visual buy and sell trend change arrows
- Configurable alert conditions for trend signals
Details
Published by
msongkiet on GitHub
Code credit
Alex Orekhov (everget), as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages, 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 |
|---|---|---|---|
| Amplitude | int | 2 | amplitude |
| Channel Deviation | int | 2 | channelDeviation |
| Show Arrows | bool | true | showArrows |
| Show Channels | bool | true | showChannels |
| Source | source | close | src |
| Length I | int | 10 | len1 |
| Length II | int | 21 | len2 |
| Length III | int | 50 | len3 |
| Length IV | int | 100 | len4 |
| Length V | int | 200 | len5 |
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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