This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v6 · On the chart
Hermes Prime v1 - Confirmed Flip
A trend indicator on the price chart that prints BUY and SELL labels on confirmed bar closes, each meant to exit one side and enter the other.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code192
Settings30inputs
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
Hermes Prime v1 - Confirmed Flip combines a Supertrend line, fast and slow EMAs and a ZLEMA, and requires ADX, DMI spread and RSI conditions plus a number of confirming closes and a minimum gap between flips. An optional higher-timeframe bias can be soft or hard. It can also display suggested stop and target levels as ATR multiples.
- Supertrend with EMA and ZLEMA structure
- ADX, DMI and RSI quality filters
- Higher-timeframe bias, soft or hard
- Optional volume confirmation
- Suggested ATR stop and target display
Details
Published by
vedkanani123 on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR length | int | 14 | atrLength |
| Supertrend ATR factor | float | 3.0 | supertrendFactor |
| Fast EMA length | int | 10 | fastLength |
| Slow EMA length | int | 34 | slowLength |
| ZLEMA length | int | 20 | zlemaLength |
| Required confirmed trigger closes | int | 2 | confirmCloses |
| Minimum bars between flips | int | 5 | minimumHoldBars |
| ADX/DMI length | int | 14 | adxLength |
| Minimum ADX | float | 18.0 | minimumAdx |
| Minimum DMI spread | float | 2.0 | minimumDiSpread |
| RSI length | int | 14 | rsiLength |
| Use volume confirmation when available | bool | false | useVolumeFilter |
Show all 30 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Volume average length | int | 20 | volumeLength |
| Volume must exceed average x | float | 1.05 | volumeFactor |
| Use HTF bias | bool | true | useHtf |
| Auto-select HTF | bool | true | autoHtf |
| Manual HTF | timeframe | 240 | manualHtf |
| HTF fast EMA | int | 20 | htfFastLength |
| HTF slow EMA | int | 50 | htfSlowLength |
| HTF mode | string | Soft | htfMode |
| Reject new flips above ATR ratio | float | 2.5 | shockAtrRatio |
| ATR baseline length | int | 50 | atrBaselineLength |
| Suggested stop x ATR | float | 1.5 | stopAtrMultiple |
| Suggested target x ATR | float | 3.0 | targetAtrMultiple |
| Show Supertrend trail | bool | true | showTrail |
| Show EMA structure | bool | true | showAverages |
| Show trend cloud | bool | true | showCloud |
| Show BUY/SELL labels | bool | true | showLabels |
| Show suggested stop/target | bool | false | showStops |
| Color bars by confirmed state | bool | false | colorBars |
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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