This indicator scans a pasted list of symbols and shows matching long and short setups in a table in a separate pane. It uses a Supertrend crossover, then applies an ATR or fixed-point volatility range so quiet, sideways conditions can be skipped. Optional fil
Indicator · Pine Script v5 · Own pane
Risk Distribution Histogram
This indicator plots a histogram of historical risk values in a separate pane.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code395
Settings27inputs
LicenceNone stated
Last update8 months ago25 Feb 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
Risk Distribution Histogram calculates risk with standard deviation, ATR, downside deviation, drawdown, entropy-based risk, or VIX. Drawdown can use the period high or a rolling high. Users set lookback, optional start and end dates, bin count, and automatic or manual bin width. Quartile colors or a single color shade the bars, and a table shows labels. It does not generate trade entries or exits.
- Six selectable risk calculation methods
- Period-high or rolling-high drawdown
- Adjustable histogram bins and width
- Quartile or single-color bars
- Statistics table with label precision
Details
Published by
regalouisei on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Screeners & dashboards
Markets
Any symbol
Timeframes
Any timeframe
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Risk Method | string | Standard Deviation | risk_method |
| Drawdown Calculation | string | Period High | dd_method |
| Drawdown Lookback Bars | int | 21 | dd_lookback |
| Lookback Period (0 = All Data) | int | 0 | lookback |
| Use Start/End Dates Instead | bool | false | use_date_range |
| Start Date | time | timestamp("2023-01-01") | start_date |
| End Date | time | timestamp("2024-12-31") | end_date |
| Number of Bins | int | 30 | num_bins |
| Auto Bin Width | bool | true | auto_bin_width |
| Manual Bin Width | float | 0.001 | manual_bin_width |
| Bar Resolution [1 to 50] | int | 50 | Bar Resolution [1 to 50] |
| Height (% of Panel) [33 to 100] | float | 60 | row_height |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use Risk Quartile Colors | bool | true | use_quartile_colors |
| Q1 - Low Risk (0-25%) | color | color.new(color.green, 20) | q1_color |
| Q2 - Med-Low Risk (25-50%) | color | color.new(color.yellow, 20) | q2_color |
| Q3 - Med-High Risk (50-75%) | color | color.new(color.orange, 20) | q3_color |
| Q4 - High Risk (75-100%) | color | color.new(color.red, 20) | q4_color |
| Single Color (if quartiles off) | color | color.new(color.blue, 20) | hist_color |
| Show Current Risk Emoji | bool | true | show_current_emoji |
| Current Risk Emoji | string | 🎯 | current_emoji |
| Table Font Size | string | Tiny | table_font_size |
| Table Text Color | color | color.white | table_text_color |
| Table Background Color | color | color.new(color.black, 70) | table_bg_color |
| Table Header Color | color | color.new(color.blue, 30) | table_header_color |
| Positive Values Color | color | color.rgb(155, 255, 135) | clr_lbl_pos_num |
| Negative Values Color | color | color.rgb(255, 155, 135) | clr_lbl_neg_num |
| Label Precision [0 to 8] | int | 4 | label_precision |
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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