This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v5 · On the chart
Nadaraya-Watson Envelope [LuxAlgo]
This indicator plots a Nadaraya-Watson kernel estimate of the selected source on the price chart and draws upper and lower envelopes around it.
Repaints
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code118
Settings6inputs
LicenceNone stated
Last update2 years ago22 Nov 2023
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
A Gaussian window weights nearby bars. Bandwidth sets how wide that smoothing is, and a multiplier scales the mean absolute error that sets the envelope distance. With repainting smoothing on, the curve is rebuilt on the latest bar and past values can change. With it off, a fixed endpoint estimate is used. Triangle labels mark closes that cross either envelope.
- Gaussian Nadaraya-Watson smoothing
- Mean absolute error envelope
- Optional non-repainting endpoint mode
- Cross labels at the envelopes
- Bandwidth and multiplier inputs
Details
Published by
codekalimi on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bandwidth | float | 8. | h |
| mult | float | 3. | mult |
| Source | source | close | src |
| Repainting Smoothing | bool | true | repaint |
| Colors | color | color.teal | upCss |
| dnCss | color | color.red | dnCss |
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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