Indicator · Pine Script v5 · Own pane

TJ Essentials - Daily Swing

by swaggyt13

This indicator analyzes volume character and market structure in a separate chart pane.

View on GitHub

GitHub stars2on the repository
Pine versionv5runs as is
Lines of code271
Settings16inputs
LicenceNone stated
Last update4 months ago2 Jun 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

TJ Essentials - Daily Swing color-codes volume bars to identify institutional accumulation, distribution, climax volume, and volume dry-up conditions during volatility contraction patterns. The script features an on-screen HUD table that displays trend alignment across multiple moving averages, relative strength compared to a benchmark index like SPY, distance from 52-week highs, and overall market bias. Signal markers highlight volume bursts and dry-up setups. Inputs allow customization of moving average periods, volume thresholds, benchmark symbols, and HUD display options.

Details

Published by

swaggyt13 on GitHub

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Category

Volume, Trend, Breakout, Screeners & dashboards

Markets

Stocks, Indices

Timeframes

H4 and above

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.

SettingTypeDefaultVariable
10 EMAint10emaFastLen
20 EMAint20emaMidLen
50 SMAint50smaMidLen
200 SMAint200smaLongLen
Volume Baseline Lengthint50volLen
Dollar Volume Smoothingint10dolVolSmooth
Institutional Volume Thresholdfloat2.0relVolHigh
Breakout Volume Thresholdfloat1.25relVolMed
Climax Volume Thresholdfloat3.5climaxVolThresh
Dry Up Volume Maxfloat0.85dryVolThresh
Narrow Range Lookbackint10narrowRangeLen
RS BenchmarkstringSPYrsBenchmark
Show all 16 settings
SettingTypeDefaultVariable
RS Lookback (bars)int20rsLen
Use Dollar Volume BlendbooltrueuseDollarVol
Show Signal MarkersbooltrueshowSignals
Show HUD TablebooltrueshowTable
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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