Cipher B is a multi-indicator plotting WaveTrend oscillator lines and signals alongside Stochastic RSI, MFI area with color bars, and buy sell marks. It draws all elements in a separate pane. WaveTrend calculates using SMMA and EMA on source like ohlc4 with ad
Indicator · Pine Script v4 · Own pane
MACD Breakout
MACD Breakout builds a higher-timeframe MACD from preset fast and slow lengths using SMA or EMA, and marks support and resistance zones from histogram sensitivity.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code683
Settings22inputs
LicenceNone stated
Last update2 years ago12 May 2024
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
Optional filters require zero-line agreement, higher-timeframe direction, and linear-regression channel zones. It projects an ATR multiple stop and a reward-to-risk target, plus optional reverse entries. The study overlays these levels on the price chart rather than sending orders, so risk levels are visual only.
- Higher-timeframe MACD with SMA or EMA
- Histogram sensitivity support and resistance zones
- Linear regression channel zone filter
- ATR stop and reward-risk targets
- Optional reverse entries and HTF direction filter
Details
Published by
jerryinyang on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MACD TimeFrame | string | 120 | i_htfRes |
| Macd Settings | string | 8, 17 | mset |
| MACD signal Line | int | 9 | siglen |
| MACD Moving Average Type | string | SMA | maType |
| MACD Sensitivity | int | 5 | histSens |
| Use Macd Zero Line Filter | bool | true | useMacdFilt |
| Use Linear Regression Filter? | bool | false | useLinRegFilt |
| Zone Invalidation? | bool | false | entryInval |
| Trade in HTF Direction Only? | bool | true | htfDirEntry |
| Use Strict LinReg Zones? | bool | true | useStrictZn |
| Channel 1 Length | int | 100 | chann1Len |
| Channel 2 Length | int | 50 | i_chann2Len |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Channel 2 Timeframe | string | 240 | chann2Res |
| Show LinReg Channels? | bool | false | showLinReg |
| Deviation 1 | float | 1.0 | dev1Len |
| Deviation 1 | float | 2.0 | dev2Len |
| Deviation 1 | float | 3.0 | dev3Len |
| ATR Multiplier | float | 1 | slAtrMult |
| Reward-Risk Ratio | float | 1.5 | tpRRR |
| Take Reverse Entries? | bool | false | useRev |
| Reward-Risk Ratio For Reverse Positions | float | 1 | revRRR |
| Add ATR Buffer for Reverse Positions? | bool | true | useRevAtr |
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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