This indicator identifies candlestick patterns on the price chart by combining price action with momentum factors and trend filters. It calculates one of four selectable oscillators: Karobein Oscillator, Money Flow Index, RSI, or Stochastic, alongside trend ru
Indicator · Pine Script v6 · On the chart
Oliver Velez System Visual Helper [CocoChoco]
This indicator plots 20-period and 200-period Simple Moving Averages on the main price chart while requesting multi-timeframe state data from a higher timeframe.
GitHub stars7on the repository
Pine versionv6current
Lines of code90
Settings12inputs
LicenceNone stated
Last update3 months ago24 Jul 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
Oliver Velez System Visual Helper [CocoChoco] measures the percentage distance and slope between the two moving averages to detect narrow, parallel consolidation zones. It also scans price action for specific candlestick patterns, including Elephant Bars, Tail Bars, and 180-degree engulfing candles, highlighting valid entry bar conditions when price action aligns with multi-timeframe moving average confluence.
- 20 and 200 SMA multi-timeframe confluence detection
- Elephant bar, tail bar, and 180 engulfing pattern recognition
- Moving average distance and slope parallelism thresholds
- On-chart entry bar highlights and cloud overlays
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Moving averages, Candlestick patterns, Trend
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Narrow State Threshold % | float | 0.5 | threshold |
| Max Slope (Parallelism) | float | 0.05 | slope_limit |
| Slope Lookback Bars | int | 3 | slope_lookback |
| Higher Timeframe (Narrow + Order) | timeframe | 15 | tf_mid |
| 20 SMA Color | color | color.blue | line_20_col |
| 20 SMA Thickness | int | 2 | line_20_width |
| 200 SMA Color | color | color.green | line_200_col |
| 200 SMA Thickness | int | 2 | line_200_width |
| Bullish Cloud Color | color | color.new(color.green, 85) | bull_cloud_col |
| Bearish Cloud Color | color | color.new(color.red, 85) | bear_cloud_col |
| Entry Bar Highlight Color | color | color.aqua | entry_bar_col |
| Label Text Color | color | color.white | text_col |
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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