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 strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
Talons Liquidity Grab + BOS tracks the latest pivot high and low, then enters long when the previous bar swept below the swing low and closed back above it and the current close breaks the swing high. Shorts mirror this. The stop goes beyond the grabbed bar by an ATR multiple and the target is a set multiple of the risk. Settings cover swing lookback, stop multiplier and reward ratio. It plots signal triangles and offers alert conditions on the price chart.
Liquidity grab followed by break of structure
Adjustable swing lookback, stop multiplier and reward ratio
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Swing Lookback
int
10
swingLb
SL ATR Mult
float
0.3
slAtrMult
TP RR
float
3.0
tp2RR
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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