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
A buy circle appears when RSI is below 50 and rising while the MACD histogram is positive and the MACD line is above its signal line. A sell circle appears when RSI is above 50 and falling while the histogram is negative and the MACD line is below its signal line. Users can change the RSI period and the MACD fast, slow, and signal lengths. It also plots the RSI, MACD line, signal line, histogram, and reference levels, and it fires alerts. It is not a strategy and has no entry, exit, or stop rules.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI Period
int
14
rsi_period
MACD Fast
int
12
macd_fast
MACD Slow
int
26
macd_slow
MACD Signal
int
9
macd_signal
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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