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 user can switch the average type to SMA, WMA or HMA and recolor each line. Wide translucent glows sit under the lines, and soft fills color the gaps between neighbours. When all five averages stack in order, the background can tint; optional marks flag stack flips and a table shows the readout. It does not generate trade entries or exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MA type
string
EMA
maType
Source
source
close
src
Fastest
int
10
len1
int
20
len2
int
30
len3
int
40
len4
Slowest
int
50
len5
10
color
#FF2E63
c1
20
color
#FF8A3D
c2
30
color
#FFD23F
c3
40
color
#2EC4B6
c4
50
color
#4D7CFE
c5
Show all 17 settings
Setting
Type
Default
Variable
Glow under each line
bool
true
useGlow
Gradient fill between bands
bool
true
useFill
Tint background when stacked
bool
true
useTint
Mark stack flips
bool
true
useMarks
Show the readout table
bool
true
showInfo
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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