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
HB Directional Range tracks high and low boundaries, extending the active range box as long as candle bodies remain within it. When a candle body breaks outside the range high or low, the indicator plots a directional breakout marker and starts a new range box colored according to the initial bar direction. User settings allow customization of bullish and bearish box colors, border style, and width.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Bullish Range Box Color
color
color.new(color.green, 75)
bullColor
Bearish Range Box Color
color
color.new(color.red, 75)
bearColor
Box Border Color
color
color.new(color.white, 0)
borderClr
Box Border Width
int
1
borderW
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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