Meridian Flow: 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

Meridian Flow finds swing pivots, labels them HH, HL, LH and LL, and marks break of structure and change of character events using close or wick confirmation. Order blocks can be created from those events, tracked until mitigated and capped in number. A signal mode selects which events fire entries, an optional higher-timeframe EMA filter is available, and risk presets draw stop and three take-profit lines with a break-even rule.

HH, HL, LH and LL swing labels
BOS and CHoCH detection
Order blocks with mitigation tracking
Optional higher-timeframe EMA filter
Stop and three take-profit lines

Details

Published by

vedkanani123 on GitHub

Type

Indicator, Pine Script v6

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

indicator/olg_7_6_26/indicator_tradingview/3.txt

Repository

github.com/vedkanani123/shakuni_trap. 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
Swing Length	`int`	`13`	`swingLenInput`
Break Confirmation	`string`	`Close`	`breakSrcInput`
Signal Mode	`string`	`BOS + CHoCH`	`signalModeInput`
Show HH/HL/LH/LL	`bool`	`true`	`showStructLabelsInput`
Show BOS / CHoCH	`bool`	`true`	`showBosChochInput`
Show Order Blocks	`bool`	`true`	`showOBInput`
Create OB On	`string`	`BOS + CHoCH`	`obFromInput`
Mitigation Trigger	`string`	`Wick`	`obMitSrcInput`
Remove OB After Mitigation	`bool`	`false`	`removeMitigatedInput`
OB Lookback (bars)	`int`	`30`	`obLookbackInput`
Max Order Blocks	`int`	`8`	`maxOBInput`
OB Box Transparency	`int`	`85`	`obTranspInput`

Show all 40 settings

Setting	Type	Default	Variable
Show 50% Mean Line	`bool`	`false`	`obShowMeanInput`
Show OB Labels	`bool`	`false`	`obShowLabelsInput`
HTF Trend Filter	`bool`	`false`	`useHtfInput`
HTF Timeframe	`timeframe`	`60`	`htfTfInput`
HTF EMA Length	`int`	`50`	`htfEmaLenInput`
Risk Preset	`string`	`Balanced`	`riskPresetInput`
ATR Length (SL)	`int`	`13`	`atrLenRiskInput`
SL ×ATR (Custom)	`float`	`1.5`	`slMultInput`
TP1 ×Risk (Custom)	`float`	`1.0`	`tp1MultInput`
TP2 ×Risk (Custom)	`float`	`2.0`	`tp2MultInput`
TP3 ×Risk (Custom)	`float`	`3.0`	`tp3MultInput`
Show SL/TP Lines	`bool`	`true`	`showSlTpInput`
Show SL/TP Labels	`bool`	`true`	`showSlTpLabelsInput`
Show % Distance on Labels	`bool`	`true`	`showPctOnLabelsInput`
Break-Even After TP1	`bool`	`true`	`useBreakEvenInput`
Entry Line Style	`string`	`Dotted`	`entryLineStyleInput`
SL Line Style	`string`	`Solid`	`slLineStyleInput`
TP Line Style	`string`	`Dashed`	`tpLineStyleInput`
Theme	`string`	`Auto`	`themeInput`
Show Buy/Sell Signals	`bool`	`true`	`showSignalsInput`
SL/TP Label Font Size	`string`	`Small`	`labelFontSizeInput`
Show ATR Trend Line	`bool`	`true`	`showAtrTrendInput`
ATR Trend Length	`int`	`10`	`atrTrendLenInput`
ATR Trend Multiplier	`float`	`5.0`	`atrTrendMultInput`
ATR Line Smoothing	`int`	`5`	`atrSmoothInput`
Show Watermark	`bool`	`true`	`showWatermarkInput`
Show Dashboard	`bool`	`true`	`showDashInput`
Dashboard Position	`string`	`Top Right`	`dashPosStr`

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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