by 
This indicator plots a Price Action Channel (PAC) based on high, low, and close moving averages alongside fast, medium, and slow trend EMAs directly on the price chart. It detects regular and Bill Williams fractals to track market structure and identifies pull
Indicator · Pine Script v5 · On the chart
Matrix Scalper Algo
A Pine v5 indicator that combines a higher-timeframe trend with a short-term entry on the price chart.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code130
Settings13inputs
LicenceNone stated
Last update8 months ago16 Feb 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
The trend is a fast EMA above or below a slow EMA on a chosen higher timeframe, shown as a background color. An entry marks when price crosses a 9-period EMA in the trend direction while RSI is not past its overbought or oversold level. ATR multiples are set for stop and target, and alerts are available. It places no orders and the higher-timeframe reading can change while that bar is open.
- Higher-timeframe fast and slow EMA trend background
- Price and EMA cross entries with an RSI filter
- ATR stop loss and take profit settings
- Entry markers and optional alerts
Details
Published by
Tradehook-org on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Scalping, Trend, Moving averages
Markets
Any symbol
Timeframes
M1-M5
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| HTF Resolution | timeframe | 60 | htf_res |
| HTF Fast EMA Length | int | 20 | htf_fast_len |
| HTF Slow EMA Length | int | 50 | htf_slow_len |
| LTF Fast EMA Length | int | 9 | ltf_fast_len |
| RSI Length | int | 14 | rsi_len |
| RSI Overbought Level | int | 70 | rsi_ob |
| RSI Oversold Level | int | 30 | rsi_os |
| ATR Length | int | 14 | atr_len |
| Stop Loss ATR Multiplier | float | 1.5 | sl_mult |
| Take Profit ATR Multiplier | float | 3.0 | tp_mult |
| Show Entry Signals | bool | true | show_plots |
| Show HTF Trend Background | bool | true | show_bg |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Alerts | bool | true | alert_on |
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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