This script provides an indicator-based backtesting engine framework that simulates trade entries, exits, and filtering directly on the price chart. It evaluates selected entry rules and multi-layered filters, including moving average trends, volume increases,
Indicator · Pine Script v4 · On the chart
Icarus
Icarus is an overlay indicator that projects momentum and level indicators directly onto the price chart.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code414
Settings16inputs
LicenceNone stated
Last update4 years ago11 Feb 2022
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
Icarus calculates higher-timeframe equivalents for moving averages, computes Supertrend, and constructs price-equivalent RSI upper and lower bands based on LazyBear's formulation. Input settings allow users to toggle RSI Bands, select base anchors such as VWAP, RSI 50, Supertrend, or EMA9, adjust timeframes, and display potential bounce zones directly on price.
- Higher timeframe moving average converter
- RSI Bands overlay projected onto price chart
- Supertrend level calculation
- Configurable base anchor toggles
Details
Published by
niloysaha on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Oscillators & momentum, Support & resistance, Moving averages
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Display RSI Bands? (Credit to LazyBear, original author) | bool | false | dispRsiBands |
| RSI Length | int | 14 | length |
| RSI Reset | int | 50 | targetLevel |
| Show RSI Momentum Cloud? | bool | true | useRsiCloud |
| Icarus Length (7 default) | int | 7 | icarusLength |
| (choose 1) Use Vwap for Icarus Base | bool | false | useVwap |
| (choose 1) Use RSI 50 for Icarus Base | bool | true | useRSI50 |
| (choose 1) Use Supertrend for Icarus Base | bool | false | useSuper |
| (choose 1) Use ema9 len for Icarus Base | bool | false | useEma9 |
| Display fast timeframes | bool | true | displayFast |
| Display slow timeframes | bool | false | displaySlow |
| Use customer timeframe for bubble S/R? | bool | true | useCustomTimeframe |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Timeframe (mins) | int | 240 | Timeframe (mins) |
| Show RSI Reset? | bool | true | rsiResetLine |
| Adjust label to right | int | 15 | adjustLabel |
| Show potential rally on leaving these zones. (Still testing) | bool | true | showBounceZones |
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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