This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
Indicator · Pine Script v5 · Own pane
TeeLek Lab 03 DCA and Pause X
This indicator simulates and compares standard daily dollar-cost averaging against HMA-filtered long and short DCA execution models.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code114
Settings3inputs
LicenceNone stated
Last update1 year ago9 Jun 2025
Add It to Your TradingView Chart
- 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
TeeLek Lab 03 DCA and Pause X tracks accumulated position sizes, average cost prices, and accumulated or unrealized profit within a user-specified date window. The underlying trend direction is determined by a Hull Moving Average smoothed with an EMA filter. Main input options control the testing start and end dates along with the fixed position size. Calculated metrics draw in a separate pane.
- Custom Hull Moving Average with EMA smoothing
- Simulated daily Dollar-Cost Averaging tracking
- HMA-based conditional long and short DCA execution
- Date range bounds for historical simulation
Details
Published by
theteelek on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Trend, Moving averages
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Start Date | time | timestamp("1 July 2024") | DATE_START |
| End Date | time | timestamp("1 Aug 2024") | DATE_END |
| DCA Size (BTC) | float | 0.002 | DCA_SIZE_BTC |
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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