The Market Tradability Engine calculates multi-factor tradability, balance, compression, and direction scores to evaluate market regime quality. It classifies market conditions into eight distinct states, including Balance, Compression, Ready, Breakout, Trend,
Indicator · Pine Script v5 · On the chart
Range Filter Buy and Sell 5min
This Pine Script indicator plots a range filter line along with high and low target bands on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code267
Settings12inputs
LicenceCustom licence
Last update2 months ago7 Aug 2026
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
Range Filter Buy and Sell 5min calculates a smoothed average range using a sampling period and multiplier, then applies a filter to detect upward and downward trends. Signals trigger on breakouts above the filter when price exceeds the previous bar for long conditions, and similar logic for shorts. It draws colored fills between bands and applies bar colors based on trend direction and position relative to the filter. Main inputs adjust the session hours, backtest date range, price source, whether to use Heiken Ashi candles, sampling period, and range multiplier. It includes a session filter to highlight trading hours but lacks explicit stop loss, take profit, or position sizing rules.
- Range Filter
- Target Bands
- Breakout Signals
- Session Filter
- Heiken Ashi Support
Details
Published by
jayadevrana on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Support & resistance, Breakout
Markets
Any symbol
Timeframes
M15-H1
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.
Topics
crypto-tradingemaforexindicatormarket-analysispine-scriptpinescriptstock-markettechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Session Hours | session | 0920-1505 | sessionHours |
| ---------------- Use Date ---------------- | bool | true | useDate |
| From Month | int | 7 | FromMonth |
| From Day | int | 25 | FromDay |
| From Year | int | 2019 | FromYear |
| To Month | int | 1 | ToMonth |
| To Day | int | 1 | ToDay |
| To Year | int | 9999 | ToYear |
| Source | source | close | sources |
| Use HA Candles | bool | false | isHA |
| Sampling Period | int | 50 | per |
| Range Multiplier | float | 3.0 | mult |
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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