Indicator · Pine Script v4 · Own pane

Multi-Pair Trend Reversal Widget

by capissimo

Calculates normalized reversal metrics across up to ten Forex currency pairs using user-selected moving average methods, including HarmonicMA, EMA, SMA, or WMA.

View on GitHub

GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code96
Settings4inputs
LicenceNone stated
Last update1 year ago7 Nov 2024

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

The indicator identifies overbought, oversold, and mean-crossing conditions using a configurable threshold. It draws a multi-asset dashboard layout in a separate pane with star markers representing early warning trend reversal signals for major pairs and optional minor pairs. Settings allow adjusting the detection method, overbought/oversold threshold, and toggling minor currency pairs.

Details

Published by

capissimo on GitHub

Type

Indicator, Pine Script v4

Draws

Separate pane below the chart

Category

Screeners & dashboards, Mean reversion, Oscillators & momentum, Moving averages

Markets

Forex

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
Datasetsourceclosedataset
Thresholdfloat.90thres
Detection MethodstringHarmonicMAmethod
Show minors?booltruemnrs
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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