Greeffer's Long Study calculates Donchian Channels alongside a volume moving average filter to generate trade signals. When price touches the lower or upper channel boundaries combined with volume exceeding a custom moving average multiplier, the indicator tri
Indicator · Pine Script v6 · On the chart
TeleNexus Fakeout Signal Quality
This indicator evaluates and scores trade signal quality using a four-layer filtering process drawn directly on the main chart.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code82
Settings6inputs
LicenceNone stated
Last update2 months ago15 Aug 2026
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
TeleNexus Fakeout Signal Quality evaluates volume spikes against a moving average, higher-timeframe EMA trend alignment, price breaches beyond ATR volatility bands, and outside bar candlestick structure. The individual conditions produce a combined quality score from Very Low to Very High, though higher-timeframe data queries utilize lookahead mode.
- Four-layer fakeout filter system
- Volume multiplier confirmation
- Higher-timeframe trend evaluation
- ATR volatility band checks
- Composite signal quality score
Details
Published by
raybird on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Volume, Trend, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Volume MA Length | int | 20 | volMaLen |
| Volume Multiplier | float | 1.5 | volMult |
| HTF Resolution | string | H4 | htfRes |
| HTF EMA Length | int | 50 | htfEmaLen |
| ATR Length | int | 14 | atrLen |
| ATR Multiplier | float | 2.0 | atrMult |
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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