This overlay indicator marks call and put setups from EMAs, RSI, MACD, and a SPY volume ratio. A call needs higher highs, RSI above its minimum, rising MACD, above-average proxy volume, and a rising trend EMA; a put reverses those tests. Early markers use an E
Indicator · Pine Script v5 · On the chart
Simple Test Indicator for Debugging
This indicator is a debugging example that overlays a scaled close-to-SMA ratio on the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code174
Settings2inputs
LicenceNone stated
Last update7 months ago30 Mar 2026
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
Simple Test Indicator for Debugging divides close by a simple moving average, takes the natural log, and multiplies by 100. A triangle appears below the bar when that scaled value exceeds the threshold, the 14-period RSI is above 50, and volume is above its 20-period average. Length and threshold change the calculation and the dashed reference line. The script includes intentional issues such as an unchecked logarithm and a possible division by zero, and it has no trade entries or exits.
- Close divided by SMA then logged and scaled
- RSI and volume confirmation for triangles
- Dashed threshold line on the chart
- Intentional NA and division-by-zero cases
- Overlay plot of the scaled value
Details
Published by
monch1962 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, Volume
Markets
Any symbol
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.
Topics
ai-agentclaude-codeelixirgolangllmopencodepinescriptpython3clojure
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 14 | length |
| Threshold | float | 0.5 | threshold |
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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