Trade Signal Indicator: Free TradingView Indicator (Pine Script)

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

Each can be enabled separately, and colours, deviation multiplier, bandwidth and source are adjustable. Buy and sell signals and labels are drawn on the price chart. The envelope has a repainting smoothing option that is on by default, so past envelope values and signals can change as new bars arrive.

EMA crossover signals
Adaptive trend finder channel
Nadaraya-Watson envelope with repainting option
Buy and sell markers with labels
Each component can be switched on or off

Details

Published by

ashishgkwd on GitHub

Code credit

Custom Trading Signal Indicator, as written in the script's header

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)

File

indicators/trade-signal-indicator.pine

Repository

github.com/ashishgkwd/trade-signal. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Enable EMA Cross Strategy	`bool`	`true`	`enableEMA`
Enable Adaptive Trend Finder	`bool`	`true`	`enableATF`
Enable Nadaraya-Watson Envelope	`bool`	`true`	`enableNWE`
Fast EMA	`int`	`13`	`emaFast`
Slow EMA	`int`	`48`	`emaSlow`
Fast EMA Color	`color`	`color.orange`	`emaFastColor`
Slow EMA Color	`color`	`color.blue`	`emaSlowColor`
Source	`source`	`close`	`atfSourceInput`
Use Long-Term Channel	`bool`	`false`	`atfPeriodMode`
Deviation Multiplier	`float`	`2.0`	`atfDevMultiplier`
Channel Color	`color`	`color.gray`	`atfColor`
Fill Transp	`int`	`93`	`atfFillTransp`

Show all 22 settings

Setting	Type	Default	Variable
Line Transp	`int`	`40`	`atfLineTransp`
Bandwidth	`float`	`8.0`	`nweBandwidth`
Multiplier	`float`	`3.0`	`nweMultiplier`
Source	`source`	`close`	`nweSource`
Repainting Smoothing	`bool`	`true`	`nweRepaint`
Up Color	`color`	`color.teal`	`nweUpColor`
Down Color	`color`	`color.red`	`nweDnColor`
Show Buy Signals	`bool`	`true`	`showBuySignals`
Show Sell Signals	`bool`	`true`	`showSellSignals`
Show Signal Labels	`bool`	`true`	`showLabels`

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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