This overlay strategy is built for ES futures on the one-minute chart. It plots a volume-weighted moving average of price opens and standard-deviation bands at Fibonacci ratios, plus a second longer volume-weighted average from a higher-timeframe open. Call an
Strategy · Pine Script v4 · On the chart
Time PriceZones Strat Testing
This strategy calculates higher-timeframe price levels and multi-timeframe Bollinger Bands to identify price zone interactions directly on the main chart.
Repaints
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code160
Settings26inputs
LicenceNone stated
Last update3 years ago11 Apr 2023
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 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
Time PriceZones Strat Testing uses daily source prices and 240-minute Bollinger Bands, styling them with dynamic gradient coloring based on proximity. Trade management settings include fixed profit target levels and trailing stop distances in pips or points. Historical calculations use higher-timeframe data with lookahead enabled without bar offsets, causing historical signals to look ahead and repaint relative to real-time execution.
- Multi-timeframe Bollinger Bands calculations
- Dynamic proximity gradient band coloring
- Configurable profit target and trailing stop distance
- Backtest date-range filtering inputs
Details
Published by
codybbrown on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volatility & bands, Support & resistance
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Topics
momentum-trading-strategypinescripttrading-strategiestradingviewvolatility-tradingtrading-indcators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Signal Source | source | close | sig |
| Source 1 | source | high | src1 |
| Source 2 | source | low | src2 |
| Timeframe 1 | timeframe | D | res1 |
| Timeframe 2 | timeframe | D | res2 |
| BB Timeframe | timeframe | 240 | resBB |
| BB Deviation Mult | float | 2.0 | devBB |
| BB length | int | 10 | lenBB |
| Percent Range 1 | float | 0.0004 | prc1 |
| Percent Range 2 | float | 0.0004 | prc2 |
| Show Source 1 | bool | false | vis_1 |
| Show Source 2 | bool | false | vis_2 |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show BB | bool | true | visBB |
| Start Yr | int | 2021 | ts_Yr |
| Start Mo | int | 7 | ts_Mo |
| Start Day | int | 10 | ts_Day |
| Start Hr | int | 0730 | ts_Hr |
| End Yr | int | 2021 | te_Yr |
| End Mo | int | 7 | te_Mo |
| End Day | int | 21 | te_Day |
| End Hr | int | 16 | te_Hr |
| Show 1 | bool | true | vis_sig0 |
| Show 2 | bool | true | vis_sig1 |
| Show 3 | bool | true | vis_sig2 |
| Profit Target (Pips/Points) | int | 4000 | profit_target |
| Trailing Stop Distance (Pips/Points) | int | 1000 | trailing_stop_dist |
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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