This overlay strategy looks for gold scalps from break of structure and change of character. It enters long when a bullish break, a bullish character change, and an optional volume filter align, and short on the opposite set. Optional RSI levels can block trad
Strategy · Pine Script v6 · On the chart
TnSovereign Imbalance Confluence
This overlay strategy enters when a fair-value gap is larger than a minimum ATR multiple, volume exceeds 1.5 times its 20-bar average, and path efficiency over 20 bars clears a threshold.
GitHub stars1on the repository
Pine versionv6current
Lines of code83
Settings5inputs
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 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
Longs also require price below a lookback high, and shorts require price above a lookback low. It enters only while flat, sizing at 10 percent of equity. Stops sit an ATR multiple beyond the prior bar, with a limit at the chosen reward-to-risk ratio.
- ATR-sized fair value gap detection
- Relative volume imbalance filter
- 20-bar fractal path efficiency
- Lookback liquidity magnet alignment
- ATR stop and reward-to-risk exit
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
SMC / ICT / price action, Volume, Volatility & bands
Markets
Any symbol
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 |
|---|---|---|---|
| Min Imbalance Size (ATR) | float | 0.5 | imb_min_atr |
| Min Fractal Efficiency | float | 0.6 | frac_threshold |
| Lookback for Magnet | int | 20 | lookback |
| SL Multiplier (ATR) | float | 1.5 | sl_mult |
| Target R:R | float | 3.0 | tp_rr |
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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