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This indicator plots the Schaff Trend Cycle in a separate pane. It subtracts a slow exponential moving average from a fast one, applies a stochastic cycle twice, and smooths each result to form a 0–100 oscillator. Line color follows the slope, or the upper and
Indicator · Pine Script v6 · Own pane
P Err Strategy In Indicator
This script is an indicator that plots the close price on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code5
Settings0inputs
LicenceMIT
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
5 lines of Pine Script v6 from packages/golden/fixtures/parse/v6/P_err_strategy_in_indicator/source.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("P_err_strategy_in_indicator")
if close > open
strategy.entry("L", strategy.long)
plot(close)
Overview
P Err Strategy In Indicator checks if close is greater than open and enters a long position using strategy.entry if true. However, as an indicator, strategy functions may not execute properly and could cause errors. There are no exit rules. It draws on the price chart with no separate pane plots. The main setting is the plot of close price.
- Close Price Plot
- Long Entry Signal
- Strategy Entry
- Indicator Plot
Details
Published by
GammaExpansion on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
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.
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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