This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v6 · On the chart
Trend Context
A price-chart indicator that classifies the market as up, down or neutral using an adaptive baseline whose smoothing speed follows price efficiency.
GitHub stars1on the repository
Pine versionv6current
Lines of code638
Settings29inputs
LicenceNone stated
Last update2 months ago23 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 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
A weighted score combines price location against ATR zones, baseline slope, momentum and position within the recent range. A regime changes only after the score passes an activation threshold and holds for a set number of confirmation bars. It draws a trend ribbon and boundary line, with optional baseline, bar colours and up and down labels.
- Efficiency-adaptive baseline
- Weighted four-factor regime score
- Confirmation bars before regime changes
- Trend ribbon and boundary line
- Optional bar colours and labels
Details
Published by
vedkanani123 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, 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 |
|---|---|---|---|
| Price Source | source | close | source |
| Fast Smoothing Length | int | 21 | fastLength |
| Slow Smoothing Length | int | 100 | slowLength |
| Efficiency Measurement Length | int | 20 | efficiencyLength |
| Final Baseline Smoothing | int | 5 | baselineSmoothing |
| Volatility Length | int | 14 | atrLength |
| Volatility Context Length | int | 50 | volatilityLookback |
| Baseline Slope Length | int | 5 | slopeLength |
| Momentum Length | int | 10 | momentumLength |
| Range Position Length | int | 20 | rangeLength |
| Context Zone Multiplier | float | 1.20 | bandMultiplier |
| Regime Activation Threshold | float | 0.35 | entryThreshold |
Show all 29 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Neutral Zone Threshold | float | 0.10 | neutralThreshold |
| Minimum Directional Efficiency | float | 0.08 | minimumEfficiency |
| Direction Confirmation Bars | int | 2 | confirmationBars |
| Neutral Confirmation Bars | int | 2 | neutralConfirmationBars |
| Price Location Weight | float | 0.35 | locationWeight |
| Baseline Slope Weight | float | 0.30 | slopeWeight |
| Momentum Weight | float | 0.20 | momentumWeight |
| Range Position Weight | float | 0.15 | rangeWeight |
| UP Color | color | color.rgb(64, 217, 143) | upColor |
| DOWN Color | color | color.rgb(246, 113, 113) | downColor |
| Neutral Color | color | color.rgb(145, 151, 163) | neutralColor |
| Show Trend Ribbon | bool | true | showRibbon |
| Show Active Boundary Line | bool | true | showBoundaryLine |
| Show Adaptive Baseline | bool | false | showBaseline |
| Show Baseline In Neutral State | bool | false | showNeutralBaseline |
| Color Price Bars | bool | false | showBarColors |
| Show UP / DOWN Labels | bool | false | showSignals |
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.
Similar Pine Scripts
The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Range Filter [Alorse] is a technical indicator overlay for TradingView designed to filter market volatility and identify price trends. It calculates a smoothed range based on historical volatility using a configurable sampling period and multiplier applied to
This indicator calculates an ATR trailing stop line derived from the highest high minus an average true range multiple over a specified lookback period. It plots the trailing stop line directly on the price chart and colors price bars based on whether the clos
This indicator plots three exponential moving averages and ATR volatility envelopes on the price chart. It compares the fast and slow EMAs to shade a trend ribbon and marks confirmed upward and downward crossovers with triangle labels. Settings change the thre
This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers