This indicator classifies the market into gamma regime types (negative gamma trend, positive gamma mean-reversion, or transition) by calculating a composite score based on daily ATR ratios, session VWAP crossover frequencies, and opening range displacement. It
Indicator · Pine Script v6 · On the chart
HalfTrend Long/Short Signal Engine
A price-chart indicator by BigBeluga, based on the HalfTrend logic from everget, that draws a HalfTrend line with ATR channel bands and prints long and short signals on trend flips.
GitHub stars1on the repository
Pine versionv6current
Lines of code331
Settings21inputs
LicenceNone stated
Last update2 months ago23 Aug 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
Each signal draws entry, stop loss and three take-profit levels, with the stop placed from the HalfTrend line and targets at multiples of a base risk setting. A multi-asset scanner dashboard tracks five user-chosen symbols. Amplitude, channel deviation, base risk and colours can be adjusted.
- HalfTrend line with ATR channel
- Entry, stop and three target levels
- Multi-asset scanner dashboard
- Adjustable amplitude and base risk
Details
Published by
vedkanani123 on GitHub
Code credit
BigBeluga, as written in the script's header
Type
Draws
On the price chart
Category
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 | 20 | amplitude |
| Channel Deviation | float | 2.0 | channelDeviation |
| Base Risk | float | 3 | baseRiskMult |
| Symbol 1 | symbol | BINANCE:BTCUSD | sym1 |
| Symbol 2 | symbol | BINANCE:ETHUSD | sym2 |
| Symbol 3 | symbol | BINANCE:SOLUSD | sym3 |
| Symbol 4 | symbol | OANDA:EURUSD | sym4 |
| Symbol 5 | symbol | OANDA:XAUUSD | sym5 |
| Channel Deviation Transparency | int | 70 | channelDeviationUp |
| Bullish | color | color.lime | colorBull |
| Bearish | color | color.red | colorBear |
| Entry | color | color.white | colorEntry |
Show all 21 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Take Profit | color | color.teal | colorTP |
| Stop Loss | color | color.red | colorSL |
| TP Fill | color | color.new(color.teal, 80) | colorFillTP |
| SL Fill | color | color.new(color.red, 60) | colorFillSL |
| Text Color | color | color.white | colorText |
| Dashboard Background | color | color.new(color.black, 20) | colorDashBg |
| Dashboard Header | color | color.new(color.gray, 40) | colorDashHd |
| Win Rate High Color | color | color.green | colorWin |
| Win Rate Low Color | color | color.orange | colorLoss |
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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