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
Length, phase, power, and source change the average. It scores momentum from rate of change, volume from a volume percentile, volatility from ATR, and trend strength from price distance to the average plus its slope. Rising or falling slope sets direction, and an optional gradient colors the line by strength. Toggles control support and resistance zones, an info table, entry markers, and alerts. The excerpt does not define how entries, zones, or exits are calculated.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
JMA Length
int
7
length
Phase
int
50
phase
Power
int
2
power
Source
source
close
src
Show Support/Resistance Zones
bool
true
showZones
Use Strength Gradient on Cloud
bool
true
useGradient
Show Info Table
bool
true
showTable
Show Entry Signals
bool
true
showSignals
Enable Alerts
bool
true
enableAlerts
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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