An overlay that places up to ten percentage price levels above and below the last close, or the current open, and triggers alerts when price crosses them.
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
Levels can be drawn as plots or price lines, colored by position relative to price, dimmed or hidden once triggered, and set to fire only after a confirmed close. The source can be close, high and low, open and close, hl2, hlc3 or ohlc4. Each level percentage is adjustable, and setting a level to zero disables it.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show Alert Levels
bool
false
show_levels
Change Level Color Based on Position Above/Below Price
bool
true
change_color
Dim Already Triggered Levels (Keep Alerts Active)
bool
true
dim_triggered
Hide Already Triggered Levels (Disable Alerts)
bool
true
hide_triggered
Trigger Alerts Only After a Confirmed Close
bool
false
use_confirmed_close
Swap Colors
bool
false
swap_colors
Use last close (true) or current open (false) to calculate level from %
bool
true
_level
Alert Style
string
price line
alert_style
Source
string
close
src_str
Level 1 % (0 - Disabled)
float
12.5
_level1
Level 2 %
float
10
_level2
Level 3 %
float
7.5
_level3
Show all 19 settings
Setting
Type
Default
Variable
Level 4 %
float
5.0
_level4
Level 5 %
float
2.5
_level5
Level 6 %
float
-2.5
_level6
Level 7 %
float
-5.0
_level7
Level 8 %
float
-7.5
_level8
Level 9 %
float
-10.0
_level9
Level 10 %
float
-12.5
_level10
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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