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 trail is based on an EMA with an ATR band whose multiplier can adapt to volatility, and a ratchet option stops the trail from loosening. Signals receive a quality score and can be filtered by a minimum score, choppiness, a higher-timeframe bias, volume and ADX, with an R-squared regime measure. Risk presets draw a stop and three take-profit lines, with an optional break-even move after the first target.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ATR Length
int
13
atrLenInput
Base ATR Multiplier
float
1.618
baseMultInput
Trail EMA Length
int
21
trailLenInput
Adaptive Volatility Multiplier
bool
false
useAdaptiveMultInput
Ratchet Trail (never loosens)
bool
true
useRatchetInput
Min Quality Score (0=show all)
int
0
minQualityInput
Hard-skip Choppy Signals
bool
false
skipChoppyInput
Use HTF Bias Filter
bool
true
useHtfFilterInput
HTF for Bias (empty = auto 4×)
timeframe
htfTfInput
Use Volume Confirmation
bool
false
useVolumeFilterInput
Volume Threshold (× SMA20)
float
1.3
volMultInput
ADX Length
int
14
adxLenInput
Show all 40 settings
Setting
Type
Default
Variable
Choppiness Length
int
14
choppinessLenInput
R² Regression Length
int
50
regimeLenInput
Risk Preset
string
Balanced
riskPresetInput
Custom SL ×ATR
float
1.5
slMultInput
Custom TP1 ×Risk
float
1.0
tp1MultInput
Custom TP2 ×Risk
float
2.0
tp2MultInput
Custom TP3 ×Risk
float
3.0
tp3MultInput
Show SL/TP Lines
bool
true
showSlTpInput
Show SL/TP Labels
bool
true
showSlTpLabelsInput
Show % Distance on Labels
bool
true
showPctOnLabelsInput
Break-Even After TP1
bool
true
useBreakEvenInput
Entry Line Style
string
Dotted
entryLineStyleInput
SL Line Style
string
Solid
slLineStyleInput
TP Line Style
string
Dashed
tpLineStyleInput
Theme
string
Auto
themeInput
Show Trail Line
bool
true
showTrailInput
Trail Color Scheme
string
Adaptive (Bull/Bear)
trailStyleInput
Trail Line Width
int
2
trailWidthInput
Trail History Bars (0 = all)
int
0
trailHistoryBarsInput
Double Trail Line
bool
true
trailDoubleInput
Double Trail Offset (× ATR)
float
0.25
trailOffsetInput
Show Buy/Sell Labels
bool
true
showSignalsInput
Show Grade in Label
bool
true
showGradeInput
Show Regime Background
bool
false
showRegimeBgInput
Show Watermark
bool
true
showWatermarkInput
SL/TP Label Font Size
string
Small
labelFontSizeInput
Signal Marker Size
string
Small
signalFontSizeInput
Show Dashboard
bool
true
showDashInput
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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