PaperHands: Free TradingView Indicator (Pine Script)

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

PaperHands calculates signals using multiple confluence conditions such as real candle color, Heikin-Ashi candle color and flat bottoms or tops, Heikin-Ashi dot color, EMA cloud trend matching and widening, price position relative to MAs and VWAP, ADX trend strength, and Volume Delta color. Users can toggle individual confluences, restrict signals to a trading session window, block during blackout periods, and adjust entry and exit signal offsets. The indicator draws signals as markers without repainting by default.

long entry signals
short exit signals
heikin ashi confluence
ema cloud filters
volume delta signals

Details

Published by

lunarticktrading on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

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.

File

PaperHands.txt

Repository

github.com/lunarticktrading/TradingView. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Enter LONG	`bool`	`true`	`showEnterLongSignals`
Re-enter LONG	`bool`	`true`	`showReenterLongSignals`
Exit LONG	`bool`	`true`	`showExitLongSignals`
Enter SHORT	`bool`	`true`	`showEnterShortSignals`
Re-enter SHORT	`bool`	`true`	`showReenterShortSignals`
Exit SHORT	`bool`	`true`	`showExitShortSignals`
Restrict signals to the specified Trading Time Window	`bool`	`false`	`useSignalsTradingTimeWindow`
Trading Time Window	`session`	`0945-1530:23456`	`signalsTradingTimeWindow`
Prevent signals during the specified Blackout Time Window 1	`bool`	`false`	`useSignalsBlackoutTimeWindow1`
Blackout Time Window 1	`session`	`0915-0945:23456`	`signalsBlackoutTimeWindow1`
Prevent signals during the specified Blackout Time Window 2	`bool`	`false`	`useSignalsBlackoutTimeWindow2`
Blackout Time Window 2	`session`	`1200-1300:23456`	`signalsBlackoutTimeWindow2`

Show all 40 settings

Setting	Type	Default	Variable
Allow Repainting	`bool`	`false`	`allowSignalRepainting`
Entry Signal Offset	`int`	`12`	`entrySignalOffset`
Exit Signal Offset	`int`	`4`	`exitSignalOffset`
Real candle correct color	`bool`	`false`	`useEntryConfluence1`
Heikin-Ashi candle correct color	`bool`	`false`	`useEntryConfluence2`
Heikin-Ashi dot correct color	`bool`	`false`	`useEntryConfluence3`
Heikin-Ashi candle has flat bottom/top	`bool`	`false`	`useEntryConfluence4`
Heikin-Ashi candle is not touching EMA Cloud	`bool`	`false`	`useEntryConfluence5`
Matching EMA Cloud trend	`bool`	`false`	`useEntryConfluence6`
Widening EMA Cloud	`bool`	`false`	`useEntryConfluence7`
Price correct side of MA1	`bool`	`false`	`useEntryConfluence8`
Price correct side of MA2	`bool`	`false`	`useEntryConfluence9`
Price correct side of VWAP	`bool`	`false`	`useEntryConfluence10`
ADX dot medium trend	`bool`	`false`	`useEntryConfluence11`
ADX dot strong trend	`bool`	`false`	`useEntryConfluence12`
VolumeDelta dot correct color	`bool`	`false`	`useEntryConfluence13`
Real candle correct color	`bool`	`false`	`useReentryConfluence1`
Heikin-Ashi candle correct color	`bool`	`false`	`useReentryConfluence2`
Heikin-Ashi dot correct color	`bool`	`false`	`useReentryConfluence3`
Heikin-Ashi candle has flat bottom/top	`bool`	`false`	`useReentryConfluence4`
Heikin-Ashi candle is not touching EMA Cloud	`bool`	`false`	`useReentryConfluence5`
Matching EMA Cloud trend	`bool`	`false`	`useReentryConfluence6`
Widening EMA Cloud	`bool`	`false`	`useReentryConfluence7`
Price correct side of MA1	`bool`	`false`	`useReentryConfluence8`
Price correct side of MA2	`bool`	`false`	`useReentryConfluence9`
Price correct side of VWAP	`bool`	`false`	`useReentryConfluence10`
ADX dot medium trend	`bool`	`false`	`useReentryConfluence11`
ADX dot strong trend	`bool`	`false`	`useReentryConfluence12`

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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