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
Long and short entries trigger when at least three signals align for confluence. It sets stop loss at three times ATR below entry and take profit at six times ATR above. The script draws no lines or signals on the price chart because calculations are incomplete. Inputs let users change periods, lengths, and thresholds for each indicator. It applies to any market and timeframe.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ATR Period for SL/TP
integer
14
atrPeriod
Stop Loss Multiplier (ATR)
float
3.0
slMultiplier
Take Profit Multiplier (ATR)
float
6.0
tpMultiplier
Confluence Threshold (Min. Signals)
integer
3
confluenceThreshold
Fast MA Length
integer
10
fastMALen
Slow MA Length
integer
30
slowMALen
MA Type
string
SMA
maType
RSI Length
integer
14
rsiLen
RSI Oversold Level
integer
30
rsiOversold
RSI Overbought Level
integer
70
rsiOverbought
MACD Fast Length
integer
12
fastLen
MACD Slow Length
integer
26
slowLen
Show all 15 settings
Setting
Type
Default
Variable
MACD Signal Length
integer
9
sigLen
BB Length
integer
20
bbLen
BB Multiplier
float
2.0
bbMult
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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