by vedkanani123· code credited to Forex_Market_Insights
A separate-pane indicator that fuses a selectable moving average type (EMA, SMA, HMA, KAMA and others) into a multi-state trend cloud and a smoothed oscillator with signal line.
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
Buy and sell labels depend on a probability score against two thresholds and an optional relative volume filter. A trade projection box shows an ATR-based stop with four targets as multiples of risk. A dashboard is available. Base length, thresholds, smoothing and colours are adjustable.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fusion MA Type
string
EMA
maType
Base Length
int
21
baseLen
Source
source
close
maSrc
Show Multi Trend Cloud
bool
true
cloudOn
Cloud Base Transparency
int
78
cloudOpa
Bullish Cloud
color
color.new(#089981, 0)
colBullC
Bearish Cloud
color
color.new(#f23645, 0)
colBearC
Neutral Cloud
color
color.new(#787b86, 0)
colNeutC
Show Buy / Sell Signals
bool
true
showSig
Signal Size
string
Small
sigSizeS
Buy Label Color
color
color.new(#2196f3, 0)
colBuy
Sell Label Color
color
color.new(#9c27b0, 0)
colSell
Show all 31 settings
Setting
Type
Default
Variable
Probability Threshold %
float
60
probTh
High Probability Threshold %
float
75
hpTh
Volume Confirmation Filter
bool
true
useVolF
Min Relative Volume
float
1.0
volTh
Show Trade Projection Box
bool
true
showTrd
ATR Length
int
14
atrLen
Stop Loss ATR Multiplier
float
2.0
slMult
TP1 (x Risk)
float
0.5
rrTP1
TP2 (x Risk)
float
1.0
rrTP2
TP3 (x Risk)
float
1.5
rrTP3
TP4 (x Risk)
float
2.0
rrTP4
Box Extension (bars)
int
18
extBars
Oscillator Smoothing
int
5
oscSmt
Signal Line Smoothing
int
9
sigSmt
Bullish Wave
color
color.new(#26a69a, 0)
colOscUp
Bearish Wave
color
color.new(#ef5350, 0)
colOscDn
Show Dashboard
bool
true
showDash
Position
string
Top Right
dashPosS
Text Size
string
Small
dashSzS
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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