The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v6 · On the chart
TFX Gold Sniper - V26 Black-Gold
This indicator calculates a derivative Relative Strength Index using polynomial curve fitting and linear algebra routines to identify market momentum shifts.
GitHub stars2on the repository
Pine versionv6current
Lines of code226
Settings13inputs
LicenceNone stated
Last update2 months ago6 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
TFX Gold Sniper - V26 Black-Gold displays long, short, and exit signal labels directly on the main price chart alongside risk-to-reward projections. User inputs allow adjustment of polynomial order, window size, RSI length, signal smoothing, and optional normalized root-mean-square error filtering to suppress noisy signals.
- Polynomial curve fitting via matrix decomposition
- Derivative RSI momentum signals
- Configurable RMSE fitting error filter
- Visual entry and exit labels
- Configurable risk-reward projection
Details
Published by
vijayavardhanarajumahanandi-cell on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Trend, Volatility & bands
Markets
Forex, Gold
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 |
|---|---|---|---|
| Polynomial Order | int | 2 | degree |
| RSI Length | int | 14 | rsi_l |
| Length ( > Order) | int | 28 | window |
| Signal Length | int | 2 | signalLength |
| Show Buy Signals | bool | true | islong |
| Show Sell Signals | bool | true | isshort |
| Show Exit Signals | bool | true | showendlabels |
| Buy Condition | string | Signal Line Crossing | buycond |
| Sell Condition | string | Signal Line Crossing | sellcond |
| Exit Condition | string | Signal Line Crossing | endcond |
| Filter by RMSE | bool | false | usenrmse |
| RSI Fitting Error Threshold % | float | 10.0 | rmse_thrs |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Risk:Reward Ratio | float | 2.0 | rrValue |
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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