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 Interval Derivatives detects ES or NQ from the chart symbol, takes a fixed risk interval in points (or a manual override), and plots multiples of that interval above and below the previous close, together with a previous close line. Level groups, labels, colours, line style and alerts can be toggled. The interval values are hard-coded, so they need updating by hand when the reference values change.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Manual RI Override for Testing
bool
false
useManualRI
ES Manual RI
float
61.5
manualRIValueES
NQ Manual RI
float
230.5
manualRIValueNQ
Outside RI Positive (≥ +2×)
bool
true
show_outside_pos
Between RI Positive (+1× to +2×)
bool
true
show_between_pos
Inside RI Positive (0 to +1×)
bool
true
show_inside_pos
Inside RI Negative (0 to -1×)
bool
true
show_inside_neg
Between RI Negative (-1× to -2×)
bool
true
show_between_neg
Outside RI Negative (≥ -2×)
bool
true
show_outside_neg
Show Previous Close
bool
true
showPrevClose
Show All Labels
bool
true
showLabels
Enable All Alerts
bool
true
enableAlerts
Show all 17 settings
Setting
Type
Default
Variable
Previous Close
color
color.new(#9C27B0, 0)
colorPrevClose
Upper Levels
color
color.new(#00FF00, 0)
colorUpper
Lower Levels
color
color.new(#FF0000, 0)
colorLower
Line Width
int
1
lineWidth
Line Style
string
Solid
lineStyle
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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