Indicator · Pine Script v5 · On the chart

SnagProfit Trending 1H

by dearvn

The SnagProfit Trending 1H indicator calculates EMA crossovers using periods 5, 10 and 20 on the close price to identify bullish and bearish trend conditions.

View on GitHub

GitHub stars4on the repository
Pine versionv5runs as is
Lines of code102
Settings5inputs
LicenceNone stated
Last update4 years ago25 Jul 2022

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

SnagProfit Trending 1H draws a table panel on the chart that labels long trend status as OK CALL or NO CALL. The indicator sends buy and sell trend alerts and plots up and down arrows at the bottom and top of the chart respectively to mark signal points. It tracks consecutive buy and sell occurrences in arrays and at the close of each bar computes the open or closed position gain and percentage return from the last trade.

Details

Published by

dearvn on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages, Screeners & dashboards

Markets

Any symbol

Timeframes

M15-H1

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

futurestrading-strategiestradingview

Settings

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

SettingTypeDefaultVariable
Panel positionstringtopi_tableYpos
i_tableXposstringrighti_tableXpos
Buycolorcolor.new(color.green, 30)i_c_buy
Sellcolorcolor.new(color.red, 10)i_c_sell
Neutralcolorcolor.new(color.gray, 30)i_c_neutral
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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