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
Users can individually configure the type (SMA, EMA, or WMA) and period length for each moving average, as well as the basis MA type for the Keltner Channel. The channel width can be calculated using Average True Range, True Range, or high-low Range with a customizable multiplier. It plots four distinct colored lines and fills the space between the channel bands.
Four independent moving averages with selectable SMA, EMA, or WMA types
Configurable Keltner Channel basis MA and length
Three channel band styles using ATR, True Range, or Range
Direct price chart overlay with shaded channel background
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ma_type_1
string
SMA
ma_type_1
ma_type_2
string
SMA
ma_type_2
ma_type_3
string
SMA
ma_type_3
ma_type_4
string
SMA
ma_type_4
ma_len_1
int
20
ma_len_1
ma_len_2
int
60
ma_len_2
ma_len_3
int
120
ma_len_3
ma_len_4
int
240
ma_len_4
Type
string
EMA
type
Length
int
20
leng
Multiplier
float
2.0
mult
Bands Style
string
Average True Range
BandsStyle
Show all 13 settings
Setting
Type
Default
Variable
ATR Length
int
10
atrlength
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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