A price-chart indicator that builds an adaptive core line by blending a Kaufman-style adaptive average with a zero-lag EMA, then surrounds it with ratcheting ATR trail rails.
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 buy label means the active side flips long and a sell label flips short, committed on closed bars only and never repeated on the same side. Trail width and confirmation closes adjust automatically by chart timeframe or can be set manually. It can colour bars by side.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Adaptive core length
int
14
coreLen
ATR length
int
14
atrLen
Trail x ATR (0 = auto)
float
0.0
trailInput
Confirm closes (0 = auto)
int
0
confirmInput
Adaptive core
bool
true
showCore
Active trail
bool
true
showTrail
BUY / SELL labels
bool
true
showLabels
Color bars by active side
bool
true
colorBars
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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