Saty Pivot Ribbon Pro: Free TradingView Indicator (Pine Script)

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

Shaded clouds between the fast and slow pairs change colour with direction, and the 21 EMA acts as the pivot. Optional features include bias colouring on candles, conviction arrows, extra conviction EMAs and a time warp setting that computes the lines from another timeframe. All lengths, highlights and colours are adjustable. It uses higher-timeframe data when time warp is on.

Four-line EMA ribbon with pivot EMA
Direction-coloured fast and slow clouds
Candle bias and conviction arrows
Time warp to compute from another timeframe
Adjustable lengths and colours

Details

Published by

onlyspx on GitHub

Code credit

Saty Mahajan, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

File

saty_pivot_pro.pine

Repository

github.com/onlyspx/pinescripts. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Time Warp	`string`	`off`	`time_warp`
Fast EMA Length	`int`	`8`	`fast_ema`
Show Fast EMA Highlight	`bool`	`false`	`show_fast_ema_highlight`
Fast EMA Highlight Color	`color`	`color.white`	`fast_ema_highlight_color`
Pivot EMA Length	`int`	`21`	`pivot_ema`
Show Pivot EMA Highlight	`bool`	`true`	`show_pivot_ema_highlight`
Pivot EMA Highlight Color	`color`	`color.white`	`pivot_ema_highlight_color`
Show Pivot Bias	`bool`	`true`	`show_pivot_bias`
Pivot Bias EMA Length	`int`	`8`	`pivot_bias_ema`
Slow EMA Length	`int`	`48`	`slow_ema`
Show Slow EMA Highlight	`bool`	`false`	`show_slow_ema_highlight`
Slow EMA Highlight Color	`color`	`color.white`	`slow_ema_highlight_color`

Show all 32 settings

Setting	Type	Default	Variable
Show Long-Term EMA	`bool`	`true`	`show_long_term_ema`
Long-term EMA Length	`int`	`200`	`long_term_ema`
Show Long-term Bias	`bool`	`true`	`show_long_term_bias`
Long-term Bias EMA Length	`int`	`8`	`long_term_bias_ema`
Show Candle Bias	`bool`	`true`	`show_candle_bias`
Bias EMA	`int`	`48`	`bias_ema`
Bullish Fast Cloud Color	`color`	`color.green`	`bullish_fast_cloud_color`
Bearish Fast Cloud Color	`color`	`color.red`	`bearish_fast_cloud_color`
Bullish Slow Cloud Color	`color`	`color.aqua`	`bullish_slow_cloud_color`
Bearish Slow Cloud Color	`color`	`color.orange`	`bearish_slow_cloud_color`
Cloud Transparency (0-100)	`int`	`60`	`cloud_transparency`
Show Conviction Arrows	`bool`	`true`	`show_conviction_arrows`
Bullish Conviction Arrow Color	`color`	`color.aqua`	`bullish_conviction_color`
Bearish Conviction Arrow Color	`color`	`color.yellow`	`bearish_conviction_color`
Show Fast Conviction EMA	`bool`	`false`	`show_fast_conviction_ema`
Fast Conviction EMA Length	`int`	`8`	`fast_conviction_ema`
Fast Conviction EMA Color	`color`	`color.silver`	`fast_conviction_ema_color`
Show Slow Conviction EMA	`bool`	`false`	`show_slow_conviction_ema`
Slow Conviction EMA Length	`int`	`48`	`slow_conviction_ema`
Slow Conviction EMA Color	`color`	`color.purple`	`slow_conviction_ema_color`

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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