by 
This overlay indicator builds a horizontal momentum profile over a chosen lookback. It splits price into rows and plots the average WaveTrend of each zone as a bar colored by direction, plus an optional MFI reference band that stays gray when real trade volume
Indicator · Pine Script v6 · Own pane
Trading Parrot Multi-Source Analysis
This indicator calculates multi-source analysis signals based on The Trading Parrot methodology, combining SOPR proxy calculations, custom volume-weighted RSI, liquidity support and resistance levels, volume spike detection, and pattern recognition.
GitHub stars3on the repository
Pine versionv6current
Lines of code372
Settings19inputs
LicenceCustom licence
Last update1 year ago19 Sep 2025
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
Trading Parrot Multi-Source Analysis outputs an integrated overall signal score along with optional individual component displays and an analysis summary table in a separate chart pane. Users can customize inputs for each analysis block, toggle individual modules on or off, adjust lookback periods, volume MA lengths, and set custom RSI overbought and oversold thresholds.
- SOPR profit/loss ratio approximation
- Volume-weighted RSI calculations
- Liquidity and S/R level analysis
- Volume spike and trend detection
- Multi-component integrated signal table
Details
Published by
EngineeredSuccess on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume, Support & resistance, Screeners & dashboards
Markets
Crypto
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 |
|---|---|---|---|
| Enable SOPR Analysis | bool | true | sopr_enabled |
| SOPR Calculation Length | int | 100 | sopr_length |
| SOPR Moving Average | int | 7 | sopr_ma_length |
| Enable Custom RSI | bool | true | rsi_enabled |
| RSI Length | int | 14 | rsi_length |
| Volume-Weighted RSI | bool | true | rsi_volume_weight |
| RSI Overbought | float | 70 | rsi_overbought |
| RSI Oversold | float | 30 | rsi_oversold |
| Enable Liquidity Analysis | bool | true | liquidity_enabled |
| Liquidity Lookback Period | int | 100 | liquidity_lookback |
| S/R Touch Minimum | int | 3 | support_resistance_strength |
| Enable Volume Analysis | bool | true | volume_enabled |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Volume MA Length | int | 20 | volume_ma_length |
| Volume Spike Threshold | float | 2.0 | volume_spike_threshold |
| Enable Pattern Recognition | bool | true | pattern_enabled |
| Pattern Lookback | int | 50 | pattern_lookback |
| Show Individual Components | bool | true | show_individual |
| Show Integrated Signal | bool | true | show_integrated |
| Show Analysis Table | bool | true | show_table |
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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