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
Simpleton Stepfun computes RSI-2, MACD crossover, Bollinger Band squeeze, volume spikes, Triple EMA alignment and Ichimoku Cloud to produce confluence signals. Each indicator can be toggled with adjustable weights and a minimum strength threshold controls how many must align for a signal. Buy and sell signals appear with optional take-profit and stop-loss levels. Main settings modify individual indicator weights and enable or disable specific strategies. The non-repainting option uses prior bar values for signals.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Non-Repainting (Recommended)
bool
true
use_non_repainting
Enable RSI-2 Strategy
bool
true
enable_rsi2
Enable MACD Crossover
bool
true
enable_macd
Enable Bollinger Squeeze
bool
true
enable_bb_squeeze
Enable Volume Spike
bool
true
enable_volume_spike
Enable Triple EMA
bool
true
enable_triple_ema
Enable Ichimoku Cloud
bool
true
enable_ichimoku
Enable Multi-Indicator Confirmation
bool
true
enable_multi_confirmation
RSI-2 Weight
float
1.0
weight_rsi2
MACD Weight
float
1.0
weight_macd
Bollinger Weight
float
1.0
weight_bb
Volume Spike Weight
float
1.2
weight_volume
Show all 19 settings
Setting
Type
Default
Variable
Triple EMA Weight
float
0.8
weight_ema
Ichimoku Weight
float
0.9
weight_ichimoku
Multi-Conf Weight
float
1.5
weight_multi
Minimum Signal Strength
int
2
min_strength
Enable TP/SL Levels
bool
true
enable_tp_sl
Take Profit %
float
2.0
tp_percent
Stop Loss %
float
1.0
sl_percent
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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