This indicator calculates key support and resistance levels by analyzing the first and second momentum derivatives of a Double Exponential Moving Average (DEMA). When the second derivative (momentum of momentum) crosses zero, it identifies local turning points
Indicator · Pine Script v5 · On the chart
POT {Morindok} by @BITMOON618
The indicator combines pivot high and low points with multi-period slope and momentum analysis to identify market trends and range conditions.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code214
Settings3inputs
LicenceNone stated
Last update7 weeks ago6 Sep 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
POT {Morindok} by @BITMOON618 calculates short- and medium-term price slopes, EMA slopes, and price acceleration against a statistical Z-Score threshold to filter signal validity. The tool displays trend states such as bullish, bearish, or range conditions directly on the main price chart. Settings allow customization of the pivot evaluation length, higher timeframe calculations, and the Z-Score statistical threshold.
- Pivot high and low detection
- Multi-period price and EMA slope analysis
- Price acceleration measuring short-term slope changes
- Statistical Z-Score threshold filtering
Details
Published by
morindok on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Support & resistance
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 |
|---|---|---|---|
| Øæá íææÊ (Pivot Length) | int | 5 | pivot_len |
| ÊÇíãÝÑíã åÏÝ ÈÑÇí ÑÓã ÎØæØ (HTF) | timeframe | 240 | htf |
| ÂÓÊÇäå ÇÚÊÈÇÑ ÂãÇÑí (Z-Score) | float | 0.8 | z_threshold |
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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