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 buy is shown when price is above a rising HMA, provided volume agrees through a price-volume trend filter or a momentum override based on RSI applies. After a buy, a trailing stop follows the lowest low of a few bars and never moves down. A sell is shown when the stop is hit or price falls below a falling HMA. The line changes colour with the state, and data labels can be shown.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Price Speed
int
12
length
Filter Weak Volume
bool
true
use_pvt
Allow Momentum Override
bool
true
allow_mom
Swing Lookback
int
3
sl_lookback
Show Data Labels
bool
true
show_labels
Buy Color
color
#00E676
c_buy
Sell Color
color
#FF5252
c_sell
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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