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
The levels update as new pivots form using user-defined left and right bar settings. It signals potential breaks when the close crosses the level accompanied by a volume oscillator exceeding the threshold, with additional shapes for wick-based movements. The script draws all plots directly on the chart and includes alert conditions for breaks. Main settings control the pivot range and volume filter. The indicator works on any timeframe and market.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show Breaks
bool
true
SRtoggleBreaks
Left Bars
int
15
SRleftBars
Right Bars
int
15
SRrightBars
Volume Threshold
int
20
SRvolumeThresh
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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