MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v6 · Own pane
PF TA isolate - WPR(14) bands
This strategy plots the Williams %R oscillator in a separate pane and generates long entries when it crosses above -80 while generating short entries on crossunder below -20.
GitHub stars1on the repository
Pine versionv6current
Lines of code22
Settings0inputs
LicenceApache-2.0
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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
22 lines of Pine Script v6 from validation/ta-wpr-14-bands-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF TA-isolate probe — Williams %R (14) crossing the -80 / -20 bands.
// Isolates ta.wpr(length): %R = (highest(high,len) - close) / (highest - lowest) * -100,
// a -100..0 oscillator with close/high/lowest implicit sources. Drives entries off the
// classic oversold/overbought band crosses so a TV export can adjudicate the engine's
// %R range, sign, and rolling highest/lowest window alignment.
//@version=6
strategy("PF TA isolate - WPR(14) bands", shorttitle="TAI_WPR",
overlay=false, initial_capital=1000000,
commission_type=strategy.commission.percent, commission_value=0, slippage=0,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
w = ta.wpr(14)
if ta.crossover(w, -80.0)
strategy.entry("L", strategy.long, comment="wpr cross up -80")
if ta.crossunder(w, -20.0)
strategy.entry("S", strategy.short, comment="wpr cross dn -20")
Overview
PF TA isolate - WPR(14) bands uses fixed position sizing of one unit per signal with no stop loss and allows pyramiding. The main settings control entry conditions based on band crosses of the oscillator which is calculated over the highest high, lowest low and close. It draws exclusively on a separate pane rather than the price chart.
- Williams %R oscillator
- band crosses
- long short entries
- separate pane
- fixed position size
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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