This indicator overlays trend-following Supertrend bands on the price chart using Average True Range calculations. It plots trailing stop lines, highlights active trend directions, and prints buy or sell shape labels when price closes across band thresholds. I
Indicator · Pine Script v5 · On the chart
Premium Lux Algo
Premium Lux Algo is a multi-indicator overlay designed for price charts.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code742
Settings40inputs
LicenceNone stated
Last update12 months ago31 Oct 2025
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
Premium Lux Algo combines components including Supertrend, Parabolic SAR, pivot-based support and resistance levels, moving average bands, and range filters into a single tool. Traders can toggle specific features such as the Trend Tracker, Reversal Cloud, SuperIchi, TBO, and RSI filtering. Key settings control overall sensitivity and component lengths to adjust responsiveness across various market conditions.
- Multi-component chart overlay combining Supertrend, PSAR, and moving averages
- Pivot-based support and resistance visual overlays
- Toggleable Trend Tracker, Reversal Cloud, and Range Filter features
- Adjustable sensitivity and indicator period settings
Details
Published by
IAMATOMIC001 on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Support & resistance, Moving averages, 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 |
|---|---|---|---|
| Sensitivity (0.5 - 12) | float | 5.5 | sensitivity |
| Smart Trail | bool | true | ShowSmartTrail |
| TP Points | bool | true | maj |
| Reversal Signal | bool | false | enableReversal |
| Trend Tracker | bool | false | show_ha |
| Support/Resistance | bool | false | enableSR |
| PSAR | bool | false | usePsar |
| Reversal Cloud | bool | true | show_rev |
| Range Filter | bool | true | Show_rangefilter |
| SuperIchi | bool | true | Show_SuperIchi |
| Show TBO | bool | true | Show_TBO |
| Enable? | bool | false | enableCustomTBO |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| TBO Fast | int | 1 | fastLen |
| TBO Medium | int | 2 | mediumLen |
| TBO Med Fast | int | 3 | medfastLen |
| TBO Slow | int | 4 | slowLen |
| Enable? | bool | false | enableRSI |
| Short RSI Band | int | 70 | shortRsiBand |
| Greater/Less Than | string | Greater Than | shortBandGL |
| Long RSI Band | int | 30 | longRsiBand |
| Greater/Less Than | string | Less Than | longBandGL |
| TBO Med Fast | int | 14 | rsiLen |
| Enable? | bool | false | enableTP |
| TP Long % | int | 9 | longTPperc |
| TP Short % | int | 9 | shortTPperc |
| Static | bool | false | static |
| Volume | int | 20000 | volThreshold |
| MA Multiple | bool | false | maMultiple |
| Average | int | 20 | average |
| Multiple X | int | 3 | multipleX |
| Trailtype | string | modified | trailType |
| ATR Period | int | 13 | ATRPeriod |
| ATR Factor | int | 4 | ATRFactor |
| Smoothing | int | 8 | smoothing |
| Reversals Sensitivity | int | 14 | ReversalInputs |
| Reversal Down Level | int | 75 | overbought |
| Reversal Up Level | int | 25 | oversold |
| Support&Resistance Strength | int | 4 | strengthSR |
| Line Style | string | Solid | lineStyle |
| SR Zones | bool | true | useZones |
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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