by 
This indicator classifies market trends into structured stages based on moving average alignments, compression, and ATR distance from the 50-period SMA. It tracks multiple exponential moving averages against the 50 SMA to detect basing phases, breakouts, trend
Indicator · Pine Script v4 · On the chart
RSC Trend Trading Study
This indicator plots Donchian Channels alongside fast and slow simple moving averages directly on the price chart.
GitHub stars43on the repository
Pine versionv4older, still runs
Lines of code44
Settings6inputs
LicenceNone stated
Last update2 years ago2 Jul 2024
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
RSC Trend Trading Study generates bullish breakout signals when the high reaches the upper channel while the close is above the 50 SMA (and optionally the 200 SMA). Bearish exit or sell signals trigger when the low reaches the lower Donchian Channel. Inputs let users adjust Donchian lengths, SMA lengths, and moving-average filter conditions.
- Asymmetric Donchian Channel breakout levels
- Dual SMA trend filters (50 and 200 SMA)
- Configurable moving-average filter conditions
- Visual Buy and Sell signal shape plots
- JSON-formatted alerts for webhook integration
Details
Published by
readysetcryptocodes on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Breakout, Moving averages
Markets
Crypto
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 |
|---|---|---|---|
| Buy Donchian Channel Period | int | 20 | lengthHigher |
| Buy Donchian Channel Period | int | 10 | lengthLower |
| SMA Fast | int | 50 | smaFast |
| SMA Slow | int | 200 | smaSlow |
| Buy Over SMA 50 Close | bool | true | buyOverSma50 |
| Buy Over SMA 50 & 200 Close | bool | true | buyOverSma50andSma200 |
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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