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
RSI + BB Signal Alert centers RSI on zero and classifies the second timeframe as up, sideways, or down. A buy appears when that trend is down or sideways and the first timeframe percent B is below the lowest line; a sell uses the opposite extreme. Signals require the condition to stay absent over a lookback. Settings change the moving-average type, lengths, deviation, and thresholds. It draws both bands and a horizontal line at the close, then sends one JSON alert per closed bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
tf_1
timeframe
tf_1
tf_2
timeframe
60
tf_2
line_val_1
int
50
line_val_1
line_val_2
int
30
line_val_2
line_val_3
int
10
line_val_3
line_val_4
int
-10
line_val_4
line_val_5
int
-30
line_val_5
line_val_6
int
-50
line_val_6
Length
int
14
rsi_len
Source
source
close
rsi_src
Type
string
HMA
bb_ma_type
Source
source
close
bb_src
Show all 17 settings
Setting
Type
Default
Variable
Basis Len
int
120
bb_ma_len
Stdev Len
int
120
bb_dev_len
Stdev Mult
float
2.0
bb_dev_mult
Lookback
int
10
sig_lookback
Length
int
100
sig_length
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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