JTrader EMA Zone Inversion: Free TradingView Indicator (Pine Script)

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

JTrader EMA Zone Inversion looks for fair value gaps inside a maximum age and signals when a gap is inverted, drawing the inverted gap box. A pivot count filter can restrict signals to single or multiple pivots. Separate long and short settings control signal markers, boxes, pivot markers and stop loss and take profit lines with an adjustable extension. Alerts are optional. It describes itself as an independent rebuild of an existing idea.

EMA 33, 50 and 200 zone logic
Inverted fair value gap detection
Pivot count filter
Optional stop loss and take profit lines

Details

Published by

Focal-QuantAI on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

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.

File

strategies/jtrader_ema_zone_inversion_open_source_v1/n9QQQCmsvdx60NSzrrGl_code.pine

Repository

github.com/Focal-QuantAI/QuantAI-Blog. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
EMA 33	`int`	`33`	`ema1Len`
EMA 50	`int`	`50`	`ema2Len`
EMA 200	`int`	`200`	`ema3Len`
FVG max age (bars)	`int`	`30`	`fvgLookback`
Pivot Count Filter	`string`	`All`	`pivotFilter`
Show Long Signals	`bool`	`true`	`showLong`
Show Long FVG Box	`bool`	`false`	`showFVGBoxL`
Show Long IFVG Box	`bool`	`true`	`showIFVGBoxL`
Show Long Pivot Low Marker	`bool`	`false`	`showPivotLowL`
Show Long Pivot Count Label	`bool`	`false`	`showPivotCntL`
Show Long SL / TP Lines	`bool`	`false`	`showLevelsL`
Long Line extension (bars)	`int`	`40`	`extBarsL`

Show all 21 settings

Setting	Type	Default	Variable
Show Short Signals	`bool`	`true`	`showShort`
Show Short FVG Box	`bool`	`false`	`showFVGBoxS`
Show Short IFVG Box	`bool`	`true`	`showIFVGBoxS`
Show Short Pivot High Marker	`bool`	`false`	`showPivotHighS`
Show Short Pivot Count Label	`bool`	`false`	`showPivotCntS`
Show Short SL / TP Lines	`bool`	`false`	`showLevelsS`
Short Line extension (bars)	`int`	`40`	`extBarsS`
Enable Long Alerts	`bool`	`false`	`enableAlertsL`
Enable Short Alerts	`bool`	`false`	`enableAlertsS`

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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