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
Noob's Indicators calculates Elliott wave EMAs using Fibonacci wave counts of 34 and 89, plus 200-session and golden ratio lines. Additional Pythagorean cloud levels and banker EMAs are included based on custom wave periods. Volume SMA and RSI indicators with thrust and reversal signals are also plotted. Users toggle visibility and customize colors and thresholds via inputs. The tool draws on price charts to provide dynamic support and resistance levels for forex trading.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show Sonic R
bool
true
show_sonic_r
Elliott secondary wave (main line)
color
color.blue
ema_elliott_secondary_wave_color
Elliott secondary wave (fill color)
color
color.new(color.blue, transp = 85)
ema_elliott_secondary_wave_fill_color
Elliott decisive wave
color
color.orange
ema_elliott_decisive_wave_color
Forex 200 sessions
color
color.purple
ema_forex_color
Golden ratio
color
color.white
ema_golden_ratio_color
Show EMA Banker
bool
true
show_banker
Show Pythagorean cloud
bool
false
show_pythagorean
Material stage
color
color.new(color.navy, transp = 20)
ema_material_color
Mind stage
color
color.new(color.red, transp = 20)
ema_mind_color
Wisdom stage
color
color.new(color.maroon, transp = 20)
ema_wisdom_color
Pythagorean Cloud
color
color.new(color.aqua, transp = 95)
pythagorean_up_color
Show all 40 settings
Setting
Type
Default
Variable
pythagorean_down_color
color
color.new(color.orange, transp = 95)
pythagorean_down_color
Enable
bool
true
trend_tb_enable
Enable
bool
true
volume_bar_enable
Volume SMA Length
int
20
volume_bar_length
volume_bar_theshold_low
float
fibo_618
volume_bar_theshold_low
volume_bar_theshold_extreme
float
2. + fibo_618
volume_bar_theshold_extreme
volume_bar_up_gradient_start
color
color.new(#76c07a,10)
volume_bar_up_gradient_start
volume_bar_up_gradient_end
color
color.new(#3f1380,10)
volume_bar_up_gradient_end
volume_bar_down_gradient_start
color
color.new(#fff494,10)
volume_bar_down_gradient_start
volume_bar_down_gradient_end
color
color.new(#751820,10)
volume_bar_down_gradient_end
Show labels
bool
true
rsi_show_label
RSI Source
source
close
rsi_src
RSI SMA length
int
14
rsi_sma_length
Upthrust/Downthrust signal source
string
average
rsi_thrust_signal
Thrust suppression percent
float
5
rsi_thrust_suppress_extreme_percent
Thrust suppression window
int
1
rsi_thrust_suppress_window
Reversal signal source
string
sma
rsi_reversal_signal
RSI Minimum Length
int
6
rsi_min_length
RSI Maximum Length
int
48
rsi_max_length
Average RSI Gradient
color
#ff5d00
rsi_avg_dn_color
rsi_avg_up_color
color
#2157f3
rsi_avg_up_color
RSI Upper Level
color
#0cb51a
rsi_upper_color
RSI Lower Level
color
#ff1100
rsi_lower_color
Overbought threshold
float
70
rsi_overbought_limit
Overbought Area
color
color.new(#0cb51a,70)
rsi_ob_area
Oversold threshold
float
30
rsi_oversold_limit
Oversold Area
color
color.new(#ff1100,70)
rsi_os_area
RSI length
int
14
mtf_rsi_length
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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