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 signal needs at least four of five conditions: an EMA cross, RSI inside a middle band, price on the correct side of the fast EMA, a volume spike over the 20-bar average, and MACD alignment. Settings include RSI length, EMA lengths, an ATR stop multiplier, a minimum confidence ratio and a volume threshold. Signals are bar-based and tend to be infrequent.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI Length
int
14
rsi_length
Fast EMA
int
21
ema_fast
Slow EMA
int
55
ema_slow
ATR Stop Multiplier
float
2.5
atr_multiplier
Minimum Signal Confidence
float
0.85
min_confidence
Volume Confirmation
float
1.8
volume_threshold
Show Support/Resistance
bool
true
show_levels
Show Trend EMAs
bool
true
show_trend
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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