Indicator · Pine Script v5 · Own pane

Money Printer Go BRRRRRR

by sourdiesel1202

A separate-pane indicator that sums scored readings from an imported helper library covering a moving average, ADX, DMI, MACD and on-balance volume into one combined value.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code65
Settings7inputs
LicenceNone stated
Last update3 years ago16 Jul 2023

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

That value is plotted as a blue line against reference levels at zero, 100 and minus 100, and the component readings are shown as characters at the top. Inputs set the trend lookback, ADX value, DMI signal levels, DMI delta and rapid-change thresholds. The scoring rules sit in the external library, so this file does not show how each component is scored.

Details

Published by

sourdiesel1202 on GitHub

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.

SettingTypeDefaultVariable
Trend Lookbackint1trend_lookback
ADX Valueint14_adx
DMI+ Signalint17_dmiplus
DMI- Signalint17_dmineg
DMI Deltaint1dmi_delta
DMI Rapid Changeint5dmi_rapid
ADX Rapid Changefloat0.5adx_rapid
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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