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
IMBA Algo calculates entry points, automatic or fixed percentage stop losses, break-even levels, and four distinct take profit targets with customizable allocation percentages. The script features built-in preset configurations for specific markets alongside a manual configuration mode, an optional RSI filter, and on-screen performance dashboards to monitor position risk and profit metrics.
Multi-target take profit and stop loss visualization
Pre-built strategy presets and manual configuration
On-screen position and profit performance dashboards
Break-even trigger options and fixed risk calculations
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
STRATEGY
string
MANUAL
strategy_input
Sensitive
float
18
sensitivity_input
Start calculating date
time
timestamp("1 June 2023")
start_date_input
Show
bool
true
show_tp_enty_sl
Fill
bool
true
fill_positions
Risk %
float
1
risk_percent_input
BE target
string
1
break_even_target_input
Initial deposit
float
1000
initial_deposit_input
Fixed stoploss %
bool
false
fixed_stop_input
SL %
float
0.00
sl_percent_input
TP 1
float
1.00
tp1_percent_input
Fix %
float
40
tp1_percent_fix_input
Show all 26 settings
Setting
Type
Default
Variable
TP 2
float
2.00
tp2_percent_input
Fix %
float
30
tp2_percent_fix_input
TP 3
float
3.00
tp3_percent_input
Fix %
float
20
tp3_percent_fix_input
TP 4
float
4.00
tp4_percent_input
Fix %
float
10
tp4_percent_fix_input
Show
bool
false
show_rsi
Length
int
14
len
Overbought
int
78
overbought
Oversold
int
22
oversold
Show profit panel
bool
true
show_profit_panel
Show strategy panel
bool
false
show_strategy_panel
Show old panel
bool
false
show_old_panel
Show
bool
false
show_dev_labels
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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