This indicator prints buy and sell labels on a five-minute chart using rules built from fifteen-minute data: an EMA gap filter, RSI limits with a neutral no-trade band, a VWAP check and pivot-based support and resistance levels used for stop and target zones.
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
SOL/ETH Intraday Trend Continuation Signals restricts signals to a UTC session, caps signals per session, pauses after consecutive stops and shows reference sizing from a balance and leverage. The live fifteen-minute RSI option repaints the forming bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Trade only SOLUSDT/ETHUSDT
bool
false
enforcePairFilter
Trading session UTC (18:30-05:00 IST)
session
1300-2330
tradeSession
Session timezone
string
Etc/UTC
timezoneInput
Require 5 minute chart
bool
true
requireFiveMinute
Entry trigger mode
string
Rule alignment (continuation)
entryTrigger
Pivot left bars
int
3
pivotLeft
Pivot right bars
int
3
pivotRight
Stored S/R levels
int
12
maxStoredLevels
Merge nearby levels (%)
float
0.05
duplicateLevelPct
Touch tolerance (%)
float
0.05
touchTolerancePct
No trade RSI low
float
48.2
neutralRsiLow
No trade RSI high
float
52.0
neutralRsiHigh
Show all 39 settings
Setting
Type
Default
Variable
No buy if 5M RSI above
float
80.0
overboughtBlock
No sell if 5M RSI below
float
20.0
oversoldBlock
RSI extreme lookback
int
5
rsiExtremeLookback
Maximum signals per session
int
5
maxTradesPerSession
Stop after consecutive SL hits
int
3
stopAfterLosses
SL buffer (%)
float
0.10
stopBufferPct
Capital used (%)
float
80.0
capitalUsePct
Reference account balance
float
1000.0
accountBalance
Maximum leverage
float
20.0
maxLeverage
Minimum TP potential (%)
float
1.0
minimumTpPct
Exit before TP zone (%)
float
0.10
tpFrontRunPct
5M closes after TP/SL
int
2
reentryWaitBars
Rule mode: require continuation candle
bool
false
requireContinuationCandle
Use live (forming) 15M RSI (repaints)
bool
true
useLive15mRsi
Min 15M EMA7/EMA25 gap (%)
float
0.15
emaMinDistPct
Require 15M close vs VWAP
bool
true
use15mVwapFilter
Show nearest 15M S/R
bool
true
showLevels
Show buy/sell labels
bool
true
showSignalLabels
Show TP/SL hit labels
bool
true
showExitLabels
Show active entry/SL/TP lines
bool
true
showTradeGuides
Keep only latest active lines
bool
false
showOnlyLatestGuides
Show dashboard
bool
true
showDashboard
Line length in bars
int
80
lineForwardBars
Buy color
color
color.rgb(0, 170, 110)
longColor
Sell color
color
color.rgb(220, 70, 70)
shortColor
Entry line color
color
color.rgb(80, 160, 255)
entryColor
Neutral color
color
color.rgb(130, 140, 150)
neutralColor
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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