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
Users can choose between Bollinger Bands or Donchian Channels to define the baseline boundaries. The script generates alternating BUY and SELL signal labels on the price chart when price crosses these dynamic symmetry levels, preventing consecutive signals in the same direction. Adjustable inputs include the calculation period, historical lag, band type selection, and Bollinger multiplier settings.
Lagged price reflection symmetry calculations
Dual channel modes with Bollinger Bands or Donchian Channels
Alternating buy and sell chart label signals
Configurable lookback length, lag period, and band multipliers
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Øæá ÏæÑå ÈÑÇí ÓØæÍ ÏíäÇãí˜ (äÌÑå ÊÞÇÑä)
int
50
length
ÊÃÎíÑ ÒãÇäí ÈÑÇí ãÍÇÓÈå ÊÞÇÑä (Lag)
int
5
lagPeriod
ÇÓÊÝÇÏå ÇÒ ÈÇäÏåÇí ÈæáíäÑ (ÏÑ ÛíÑ Çíä ÕæÑÊ ˜ÇäÇá ÏæäíÇä)
bool
true
useBollinger
ÖÑíÈ ÈÇäÏåÇí ÈæáíäÑ
float
2.0
bbMult
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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