by 
The Adaptive Laguerre Filter calculates a smoothed, dynamically adjusted trendline plotted directly on the main price chart. It dynamically adjusts its damping factor (alpha) based on recent price range variations and median percentile calculations over a spec
Indicator · Pine Script v6 · On the chart
Market Environment (External Market Source)
This indicator tracks broad market regime conditions by requesting moving average data from an external index or benchmark, defaulting to NASDAQ:NDX on the daily timeframe.
GitHub stars2on the repository
Pine versionv6current
Lines of code87
Settings16inputs
LicenceCustom licence
Last update4 months ago23 Jun 2026
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
Market Environment (External Market Source) calculates fast, medium, and slow moving averages (EMA or SMA) to classify market status into bull, pullback, or bear regimes. The indicator colors the chart background according to the active market state, optionally plots the external market moving averages directly on the price chart, and provides alert conditions for state transitions.
- External market benchmark integration
- Three-tier moving average regime classification
- State-based background chart coloring
- Configurable MA types and confirmation bar thresholds
Details
Published by
HenryVarro666 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages
Markets
Stocks, Indices
Timeframes
H4 and above, M15-H1
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 |
|---|---|---|---|
| Market Symbol | symbol | NASDAQ:NDX | marketSymbol |
| Market Timeframe | timeframe | 1D | marketTimeframe |
| Fast MA Length | int | 10 | fastLen |
| Mid MA Length | int | 21 | midLen |
| Slow MA Length | int | 50 | slowLen |
| Fast MA Type | string | EMA | fastType |
| Mid MA Type | string | EMA | midType |
| Slow MA Type | string | SMA | slowType |
| Bull Confirmation Bars | int | 2 | bullBars |
| Show Market MAs On Chart | bool | true | showMA |
| Bull Color | color | color.green | bullColor |
| Bear Color | color | color.red | bearColor |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pullback Color | color | color.yellow | pullColor |
| Bull Transparency | int | 85 | bullAlpha |
| Bear Transparency | int | 85 | bearAlpha |
| Pullback Transparency | int | 85 | pullAlpha |
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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