This indicator plots a four-pole Gaussian channel on the price chart. It filters close prices into a yellow midline and filters true range to place equal green and red bands. A long marker prints when price crosses above the upper band and the daily Bitcoin cl
Indicator · Pine Script v6 · On the chart
Minervini VCP + SmartMCDX — Phase 2 Patterns
This overlay indicator marks Minervini-style volatility contraction patterns on the price chart for Bursa Malaysia shares.
GitHub stars1on the repository
Pine versionv6current
Lines of code244
Settings19inputs
LicenceNone stated
Last update4 months ago12 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
Minervini VCP + SmartMCDX — Phase 2 Patterns plots O'Neil cheat entries after a minimum base and pullback with a short resumption, counts consecutive Ryan tight closes, and labels high tight flags and bull flags from bar and pullback limits. A table suggests share size from portfolio value, position caps, risk percent and stop distance, and flags prices extended beyond a breakout. Display toggles control the dashboard and each marker.
- O'Neil cheat entry markers
- Consecutive Ryan tight-close counter
- High tight flag and bull flag labels
- Portfolio-based position size suggestion
- Anti-FOMO breakout extension warning
Details
Published by
kevinesk on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Volatility & bands, Breakout, Screeners & dashboards
Markets
Stocks
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 |
|---|---|---|---|
| Min Base Duration for Cheat | int | 15 | oneil_min_base_bars |
| Cheat Trigger: Pullback Min % | float | 8.0 | oneil_pullback_pct |
| Bars to confirm cheat resumption | int | 3 | oneil_resume_bars |
| Tight close threshold (% from prior close) | float | 1.0 | ryan_tight_pct |
| Min consecutive tight closes | int | 5 | ryan_min_tight |
| HTF (High Tight Flag) max base bars | int | 10 | zng_htf_bars |
| HTF max pullback % | float | 25.0 | zng_htf_max_pull |
| Bull Flag bars | int | 15 | zng_flag_bars |
| Bull Flag max pullback % | float | 15.0 | zng_flag_pull |
| Portfolio Value (RM) | float | 30000.0 | portfolio_rm |
| Max Position % | float | 10.0 | max_pos_pct |
| Target Position % | float | 7.0 | tgt_pos_pct |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Risk per Trade % | float | 1.0 | risk_pct |
| Stop Distance % | float | 5.0 | stop_pct |
| FOMO if > N% above breakout | float | 1.0 | fomo_extend |
| Show v9 Dashboard | bool | true | show_table |
| Plot Cheat Entry markers | bool | true | show_cheat |
| Plot Tight Closure count | bool | true | show_tight |
| Plot Zanger pattern label | bool | true | show_zanger_lbl |
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.
Similar Pine Scripts
This indicator adapts Michael Chalek's Dual Thrust trading concept to plot breakout levels and overlay bands directly on the price chart. It calculates lookback ranges based on historical price action and provides two algorithmic variations along with multiple
This indicator classifies the market into gamma regime types (negative gamma trend, positive gamma mean-reversion, or transition) by calculating a composite score based on daily ATR ratios, session VWAP crossover frequencies, and opening range displacement. It
This indicator uses a Hidden Markov Model (HMM) framework combined with an adaptive dual moving average engine and Directional Movement Index (DMI) features to identify market regimes (bullish, bearish, or ranging/chop). It calculates regime probabilities on e
This indicator calculates standardized trend strength and historical volatility to estimate position sizes. It computes the differences between three user-defined EMAs standardized by price using MACD logic, while historical volatility is derived from the stan
Ghost Channels fits dynamic parallel trend channels over a configurable lookback window using linear regression or pivot swing methods. It layers confirmation signals onto the channel geometry, detecting candlestick pattern reactions at the rails, volume-confi
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers