MultiIndicator: Free TradingView Indicator (Pine Script)

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

MultiIndicator calculates and displays market regime detection based on ordinary least squares regression, a Holt exponential smoothing crossover, normalized RSI, ADX, and demeaned Bollinger Bands. Values are normalized using minimax scaling across offset bands in the sub-window. Users can individually toggle each sub-indicator and adjust input parameters for length, smoothing, and regression lookbacks.

Stacked multi-indicator panel layout
OLS linear regression market regime filter
Holt exponential smoothing crossover
Minimax normalization for multi-level display

Details

Published by

capissimo on GitHub

Type

Indicator, Pine Script v4

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.

File

scripts/034-MultipleIndicator.pine

Repository

github.com/capissimo/Pinescript-Laboratory. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
*Bubbles*	`bool`	`true`	`plot1`
Data Source	`source`	`close`	`y`
Lookback Window for Demeaned BB	`int`	`4`	`pdmn`
StdDev Multiplier	`input`	`2.`	`mult`
CCI Lookback	`int`	`12`	`pcci`
*ADX*	`bool`	`true`	`plot2`
DI Length	`int`	`12`	`len`
ADX Smoothing	`int`	`12`	`lensig`
*Market Regime*	`bool`	`true`	`plot3`
pp	`int`	`12`	`pp`
norm	`int`	`90`	`norm`
Show price	`bool`	`false`	`sh_pri`

Show all 21 settings

Setting	Type	Default	Variable
*RSI*	`bool`	`true`	`plot4`
*Holt Crossover*	`bool`	`true`	`plot5`
Lookback	`int`	`2`	`p`
Slope (alpha)	`float`	`0.55`	`alpha`
Intercept (beta)	`float`	`0.95`	`beta`
Mult	`float`	`0.0`	`mlt`
*Pos*	`bool`	`false`	`plot6`
Lookback	`int`	`2`	`prsi`
Use Sin	`bool`	`false`	`usin`

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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