This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v6 · On the chart
Phantom Trend Cloud
A trend indicator on the price chart that draws a 21-period ribbon with a cloud whose width is an ATR multiple, 1.618 by default.
GitHub stars1on the repository
Pine versionv6current
Lines of code432
Settings27inputs
LicenceNone stated
Last update2 months ago23 Aug 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
A trend flip changes the cloud direction, and retest signals appear when price pulls back to the cloud, filtered by volume, RSI and optionally ADX, a higher-timeframe trend and a cooldown. Support and resistance lines, trend-change dots, a background tint, a dashboard and a webhook format can be switched on.
- Ribbon with ATR-width trend cloud
- Retest signals with cooldown
- Volume, RSI, ADX and higher-timeframe filters
- Support and resistance lines
- Dashboard and webhook option
Details
Published by
vedkanani123 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Volatility & bands
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 |
|---|---|---|---|
| Ribbon Length | int | 21 | ribbonLenInput |
| Source | source | close | sourceInput |
| Cloud Width (ATR×) | float | 1.618 | cloudMultInput |
| ATR Period | int | 13 | atrLenInput |
| Volume Filter | bool | true | useVolFilterInput |
| Volume Threshold (×SMA) | float | 1.0 | volMultInput |
| Momentum Filter (RSI) | bool | true | useMomentumInput |
| RSI Length | int | 14 | rsiLenInput |
| ADX Trend Strength Filter | bool | false | useAdxInput |
| ADX Length | int | 14 | adxLenInput |
| ADX Threshold | int | 20 | adxThreshInput |
| Retest Cooldown (bars) | int | 8 | retestCooldownInput |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| HTF Trend Filter | bool | false | useHtfInput |
| Higher Timeframe | timeframe | | htfInput |
| Show Cloud | bool | true | showCloudInput |
| Show Retest Signals | bool | true | showRetestInput |
| Show Trend Change Dots | bool | false | showTrendDotsInput |
| Show S/R Lines | bool | true | showSupportResInput |
| Show Background Tint | bool | false | showBgInput |
| Show Watermark | bool | true | showWatermarkInput |
| Theme | string | Auto | themeInput |
| Show Dashboard | bool | true | showDashInput |
| Position | string | Top Right | dashPosStr |
| Webhook JSON Format | bool | false | webhookInput |
| Bull | color | #00E676 | bullColorInput |
| Bear | color | #FF5252 | bearColorInput |
| Neutral | color | #FFEB3B | neutralColorInput |
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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