Lakshmi v1 Institutional Flow Engine indicator calculates a Magic Line using ATR(14) multiplied by golden ratio 1.618 anchored to daily midpoint close.
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
Lakshmi Institutional Flow Engine plots demand and supply zones derived from volume profile bins and fair value gaps on 4H and daily charts. The indicator generates signals for Low Volume Test, Strength Test, Trap 1, Trap 2, Selling Exhaustion and Break Even based on close position ratios, volume multiples and cooldown periods. Inputs adjust ATR period, zone counts, impulse thresholds, cooldowns and wick ratios. It signals potential reversals and distribution on the price chart. No exit rules or stop loss defined.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ATR Period
int
14
ml_atr_period
Multiplier (phi)
float
1.618
ml_multiplier
Show Magic Line
bool
true
show_ml
Impulse Threshold (x avg range)
float
1.5
zone_impulse_mult
Range SMA Period
int
20
zone_rng_period
Max Demand Zones
int
8
zone_max_demand
Max Supply Zones
int
8
zone_max_supply
Show 4H Zones
bool
true
show_zones_4h
Show Daily Zones
bool
true
show_zones_1d
Min Close Position
float
0.70
lvt_cp_min
Max Upper Wick Ratio
float
0.30
lvt_uw_max
Cooldown (bars)
int
10
lvt_cooldown
Show all 40 settings
Setting
Type
Default
Variable
Show LVT
bool
true
show_lvt
Min Close Position
float
0.70
st_cp_min
Max Bars After LVT
int
5
st_max_gap
Show ST
bool
true
show_st
Min Close Position
float
0.60
trp1_cp_min
Min Volume Mult
float
3.0
trp1_vm_min
Cooldown (bars)
int
8
trp1_cooldown
Show TRP1
bool
true
show_trp1
Max Close Position
float
0.40
trp2_cp_max
Max Bars After TRP1
int
3
trp2_max_gap
Cooldown (bars)
int
3
trp2_cooldown
Show TRP2
bool
true
show_trp2
Max Close Position
float
0.25
be_cp_max
Min Range Mult
float
1.8
be_rm_min
Cooldown (bars)
int
15
be_cooldown
Show BE
bool
true
show_be
Min Volume Mult
float
3.0
se_vm_min
Max Support Distance %
float
0.5
se_sup_pct
Cooldown (bars)
int
5
se_cooldown
Show SE
bool
true
show_se
Row Size (bins)
int
56
frvp_bins
Max Zones to Profile
int
3
frvp_max_zones
Max Lookback Bars
int
1000
frvp_lookback
Show FRVP
bool
true
show_frvp
Show Scorecard at Signals
bool
true
show_scorecard
Show BB(20,1.5)
bool
true
show_bb
Show EMAs (20/50/200)
bool
false
show_ema
Show Probable Support
bool
true
show_support
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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