A chart-overlay indicator that detects pivot highs and lows and draws extended trendlines through the latest pairs, keeping only lines steeper than a minimum angle and limiting the total number.
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
Resistance and support pivots can be labelled R and S. A table summarises EMA 10, 20 and 50, MACD, RSI and ADX readings. Settings control pivot left and right bars, line extension and width, and the indicator lengths. Lines are drawn only once the pivots are confirmed, so they lag the pivot.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Pivot Left
int
5
pivotLeft
Pivot Right
int
5
pivotRight
Max Trendlines
int
8
maxTLines
Extension
int
100
lineExtend
Width
int
2
lineWidth
Show R/S Labels
bool
true
showLabels
Min Angle °
float
15
minAngle
Show Table
bool
true
showTable
Table Bg
color
color.new(#000000,70)
tableBg
EMA 10
int
10
ema10_len
EMA 20
int
20
ema20_len
EMA 50
int
50
ema50_len
Show all 17 settings
Setting
Type
Default
Variable
MACD Fast
int
12
macdFast
MACD Slow
int
26
macdSlow
MACD Signal
int
9
macdSignal
RSI Length
int
14
rsiLen
ADX Length
int
14
adxLen
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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