1Copy the scriptPress Copy script above, or the copy button on the code below.
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
338 lines of Pine Script v5 from Tradingview/inner-outer-risk-zones.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
The indicator allows traders to input manual target and support levels—including Outer Top, Inner Top, Inner Bottom, and Outer Bottom—along with risk offsets for pre-configured symbols like SPY, AAPL, and QQQ. When the active chart symbol matches a configured ticker profile, it renders extended zone lines and color shading between risk boundaries. Users must update price inputs manually.
Manual price level inputs for inner and outer zones
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Outer Top
color
color.new(#00ff00,0)
outerTop_linecolor
Outer Top Risk
color
color.new(#2962FF,0)
outerTopRisk_linecolor
Outer Top Fill
color
color.new(#00000099,0)
outerTop__fillcolor
Inner Top
color
color.new(#00ff00,0)
innerTop_linecolor
Inner Top Risk
color
color.new(#2962FF,0)
innerTopRisk_linecolor
Inner Top Fill
color
color.new(#00000099,0)
innerTop_fillcolor
Inner Bottom
color
color.new(#00ff00,0)
innerBottom_linecolor
Inner Bottom Risk
color
color.new(#2962FF,0)
innerBottomRisk_linecolor
Inner Bottom Fill
color
color.new(#00000099,0)
innerBottom_fillcolor
Outer Bottom
color
color.new(#00ff00,0)
outerBottom_linecolor
Outer Bottom Risk
color
color.new(#2962FF,0)
outerBottomRisk_linecolor
Outer Bottom Fill
color
color.new(#00000099,0)
outerBottom_fillcolor
Show all 40 settings
Setting
Type
Default
Variable
symbol
SPY
symbol1
Risk
float
1.25
symbol1_risk
Outer Top
float
410.22
symbol1_outertop
Inner Top
float
405.37
symbol1_innertop
Outer Bottom
float
397.51
symbol1_outerbottom
Inner Bottom
float
400.58
symbol1_innerbottom
symbol
AAPL
symbol2
Risk
float
1.25
symbol2_risk
Outer Top
float
160.22
symbol2_outertop
Inner Top
float
155.37
symbol2_innertop
Outer Bottom
float
131.51
symbol2_outerbottom
Inner Bottom
float
136.58
symbol2_innerbottom
symbol
QQQ
symbol3
Risk
float
1.25
symbol3_risk
Outer Top
float
340.22
symbol3_outertop
Inner Top
float
330.37
symbol3_innertop
Outer Bottom
float
269.51
symbol3_outerbottom
Inner Bottom
float
275.58
symbol3_innerbottom
symbol
IWM
symbol4
Risk
float
1.25
symbol4_risk
Outer Top
float
410.22
symbol4_outertop
Inner Top
float
405.37
symbol4_innertop
Outer Bottom
float
397.51
symbol4_outerbottom
Inner Bottom
float
400.58
symbol4_innerbottom
symbol
TSLA
symbol5
Risk
float
1.25
symbol5_risk
Outer Top
float
410.22
symbol5_outertop
Inner Top
float
405.37
symbol5_innertop
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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