This script provides an indicator-based backtesting engine framework that simulates trade entries, exits, and filtering directly on the price chart. It evaluates selected entry rules and multi-layered filters, including moving average trends, volume increases,
Indicator · Pine Script v6 · On the chart
Moving Confluence Overlay (Dynamic, Tunable)
The Moving Confluence Overlay indicator identifies confluence trading setups on the price chart by combining an exponential moving average ribbon, StochRSI crossovers, MACD momentum, and ATR volatility spike detection.
GitHub stars4on the repository
Pine versionv6current
Lines of code176
Settings28inputs
LicenceNone stated
Last update1 year ago15 Oct 2025
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
When conditions align, it triggers trade signals and plots dynamic or manual entry levels, stop loss points, and five percentage-based take-profit targets. User settings allow customization of all indicator lengths, overbought and oversold thresholds, debouncing filters, lookback range, and target percentages. It draws moving average fills and trade level lines directly on the main chart.
- EMA trend ribbon with baseline moving averages
- StochRSI and MACD multi-indicator confluence logic
- Automated or manual multi-tier take-profit levels
- ATR volatility spike filter
- Debounce bar and signal lookback controls
Details
Published by
greatonical on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Moving averages, Oscillators & momentum, Trend, Support & resistance
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA Fast | int | 9 | emaFastLen |
| EMA Slow | int | 21 | emaSlowLen |
| EMA Base | int | 200 | emaBaseLen |
| RSI Length | int | 14 | rsiLen |
| Stoch K | int | 14 | kLen |
| Stoch D | int | 3 | dLen |
| OB | float | 80 | obLevel |
| OS | float | 20 | osLevel |
| MACD Fast | int | 12 | macdFast |
| MACD Slow | int | 26 | macdSlow |
| MACD Signal | int | 9 | macdSig |
| ATR Length | int | 14 | atrLen |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Spike × Avg ATR | float | 1.75 | atrSpikeX |
| Show EMA 50/200 | bool | true | showMAs |
| EMA 50 | int | 50 | ema50Len |
| EMA 200 | int | 200 | ema200Len |
| Debounce bars (0 = off) | int | 1 | debounceBars |
| Paint signals in last N bars | int | 500 | lookbackBars |
| Show raw condition debug markers | bool | false | showDebug |
| Show Entry/Stop & 5 Targets | bool | true | showTargets |
| Set Entry/Stop manually? | bool | false | useManual |
| Manual Entry (0=close) | float | 0.0 | entryInput |
| Manual Stop (0=none) | float | 0.0 | stopInput |
| TP1 % | float | 0.25 | tpPct1 |
| TP2 % | float | 0.50 | tpPct2 |
| TP3 % | float | 0.75 | tpPct3 |
| TP4 % | float | 1.00 | tpPct4 |
| TP5 % | float | 1.25 | tpPct5 |
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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