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
Hybrid RSI+MFI + TMA + USDT.D calculates a smoothed moving average of the hybrid line to show momentum direction, changing the hybrid line brightness when trading above or below the average. It also fetches USDT Dominance from CRYPTOCAP:USDT.D, calculates its RSI, and plots an optional inverted correlation line. Users can adjust oscillator lengths, weighting distribution, and smoothing parameters.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI Weight (0.0 - 1.0)
float
0.5
rsiWeight
RSI Length
int
14
rsiLengthInput
RSI Source
source
close
rsiSourceInput
MFI Length
int
14
mfiLengthInput
Show USDT.D Correlation Line
bool
true
showUsdt
Invert USDT.D (Follows Market)
bool
true
invertUsdt
USDT.D Line Color
color
color.new(#ffeb3b, 20)
usdtColor
Show TMA (Smoothed MA)
bool
true
showSmma
TMA Length
int
50
smmaLen
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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