This indicator gives buy and sell labels on the price chart by combining a triple moving average trend filter (EMA 21, EMA 50 and SMA 200), an RSI zone check, a volume spike on a candle of the same direction, and an optional pivot breakout.
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
SmartFlow Market Indicator also marks pivot-based liquidity zones, tints the background on signals and shows a dashboard table with a signal strength score from one to four. Lengths, RSI levels, spike multiplier and pivot lookback are adjustable, and alerts are available.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast MA (EMA)
int
21
ma_fast_len
Mid MA (EMA)
int
50
ma_mid_len
Slow MA (SMA)
int
200
ma_slow_len
Show MAs
bool
true
show_mas
RSI Length
int
14
rsi_len
Overbought Level
int
70
rsi_ob
Oversold Level
int
30
rsi_os
Volume MA Length
int
20
vol_len
Volume Spike Multiplier
float
1.5
vol_mult
Pivot Lookback (bars)
int
10
pivot_len
Show Liquidity Zones
bool
true
show_liquidity
Show Buy/Sell Labels
bool
true
show_labels
Show all 14 settings
Setting
Type
Default
Variable
Show Signal Background
bool
true
show_bg
Enable Alerts
bool
true
alert_signals
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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