An overlay that measures the percentage move of the current bar from its open and sends a text alert when it reaches one of five positive or five negative thresholds, plus or minus 2.5, 5, 7.5, 10 and 12.5 percent by default.
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
Up and down levels are set independently, and each triggered level sends its own alert with the ticker, direction and last price. It draws nothing on the chart and gives no trade signals. Alerts depend on the live bar, so a level can be reached and then reversed.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Positive Level 1 Price Move %
float
2.5
posLevel1
Positive Level 2 Price Move %
float
5.0
posLevel2
Positive Level 3 Price Move %
float
7.5
posLevel3
Positive Level 4 Price Move %
float
10.0
posLevel4
Positive Level 5 Price Move %
float
12.5
posLevel5
Negative Level 1 Price Move %
float
-2.5
negLevel1
Negative Level 2 Price Move %
float
-5.0
negLevel2
Negative Level 3 Price Move %
float
-7.5
negLevel3
Negative Level 4 Price Move %
float
-10.0
negLevel4
Negative Level 5 Price Move %
float
-12.5
negLevel5
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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