This indicator plots buy and sell labels on the price chart. A buy appears when a short stochastic crosses up from below 20 while a slow MACD histogram is positive and a faster MACD histogram is negative. A sell uses the opposite stochastic and MACD alignment.
Indicator · Pine Script v6 · On the chart
News Candle Research
A research indicator, with no trade signals, that finds unusually large candles on the 5 and 15 minute timeframes and the chart timeframe, and studies how price returns to the other end of each one.
GitHub stars1on the repository
Pine versionv6current
Lines of code273
Settings14inputs
LicenceNone stated
Last update2 weeks ago12 Oct 2026
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 news candle must exceed a multiple of the largest recent range and have a minimum body share, with an optional time window. It measures return speed, return candle shape, volume, RSI, Bollinger position and the tip candle pattern, and marks candles on the chart.
- Large candle detection from price range
- Return to the other end of the candle
- Tip candle pattern classification
- Volume, RSI and Bollinger context
Details
Published by
kasutu on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
M1-M5
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 |
|---|---|---|---|
| News Candle Size (x largest prior range) | float | 2.0 | newsMult |
| Lookback (candles) | int | 20 | newsLen |
| Min Body % of Range | float | 50 | newsBody |
| Only Inside Time Window | bool | false | useTime |
| Time Window | session | 0830-0900 | newsSess |
| Window Timezone | string | America/New_York | newsTz |
| Other End | string | Wick | endMode |
| Max Wait (candles) | int | 50 | maxWait |
| Volume Average Length | int | 20 | volLen |
| RSI Length | int | 14 | rsiLen |
| Bollinger Length | int | 20 | bbLen |
| Bollinger StdDev | float | 2.0 | bbMult |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Mark News / Tip / Return Candles | bool | true | showMarks |
| Marks From | string | 15m | markSrc |
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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