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
For the 30 minute, 1 hour and 4 hour timeframes it compares a fast simple moving average with a slow exponential one. Optional filters require a rising or falling slope, cascading agreement between the timeframes and a minimum separation measured in ATR. Bars are colored more strongly as more timeframes agree. A dashboard, strength values, a 4H background shade and confirmation labels can be toggled.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast SMA Length
int
5
fastLength
Slow EMA Length
int
20
slowLength
Show Current Chart Moving Averages
bool
true
showMovingAverages
Use Closed Timeframe Candles
bool
true
confirmedBarsOnly
Require Moving-Average Slope
bool
true
useSlopeFilter
Slope Lookback
int
1
slopeLookback
Require Cascading Agreement
bool
true
useCascade
Use ATR Strength Filter
bool
true
useStrengthFilter
ATR Length
int
14
atrLength
Minimum MA Separation / ATR
float
0.05
minimumStrength
Color Confirmed Bars
bool
true
colorConfirmedBars
Do Not Color Live Chart Bar
bool
false
colorOnlyClosedBars
Show all 18 settings
Setting
Type
Default
Variable
Shade Full 4H Alignment
bool
false
showBackground
Show Horizon Dashboard
bool
true
showDashboard
Dashboard Position
string
Top Right
dashboardPositionInput
Show Strength Values
bool
true
showStrengthValues
Show 1H Confirmation Markers
bool
false
showOneHourSignals
Show Full 4H Confirmation Labels
bool
true
showFullSignals
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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