This indicator combines a scaled Forecast Oscillator with a Point of Force state detector. The Forecast Oscillator calculates the percentage deviation of price from its linear regression curve and normalizes the output between 0 and 1, plotting a line in a sep
Indicator · Pine Script v6 · Own pane
Universal High-Low Detection Example
Calculates top and bottom reversal signals for oscillator indicators based on dynamic cycle detection, overbought and oversold thresholds, and price confirmation.
GitHub stars4on the repository
Pine versionv6current
Lines of code128
Settings1inputs
LicenceCustom licence
Last update1 year ago20 Oct 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
Universal High-Low Detection Example tracks indicator cycles using centerline crossovers, verifies overbought or oversold conditions across recent bars, and checks price extremes to identify turning points. The indicator plots in a separate pane below the main price chart. Settings allow users to configure whether duplicate signals can trigger repeatedly within the same indicator cycle.
- Dynamic cycle tracking via centerline crossovers
- Overbought and oversold condition verification
- Price extreme confirmation for reversal signals
- Configurable signal deduplication per cycle
Details
Published by
weaming on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Support & resistance
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 |
|---|---|---|---|
| 允许同一周期重复信号 | bool | false | allow_repeat_signals |
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
This indicator plots the Commodity Channel Index in a separate pane and surrounds it with a Donchian channel whose lookback length changes with volatility. It measures volatility as a ratio of short and long ATR values, then ranks that ratio and shortens or le
This indicator tracks intermediate market cycles inspired by Linda Raschke's approach using daily NYSE TICK statistics. It fetches daily high, low, and close values for the TICK index via security requests and computes moving averages of the highs and lows. It
WaveTrend 3D is a redesigned oscillator that implements the classic WaveTrend algorithm with kernel-based regression for trend reversal confirmation and multi-timeframe support. It calculates a smoothed oscillator line and displays a symmetrical three-dimensio
Benso Pendulum is an indicator that plots a customizable Relative Strength Index (RSI) oscillator in a separate pane on the price chart. It calculates the RSI using the specified source and period, applying dynamic colors that change based on overbought and ov
This indicator plots currency strength values for EUR, USD, JPY, GBP, CHF, AUD, CAD, NZD and optionally XAU or XAG on a separate pane. It computes strength by comparing current pair closes to daily closes using broker-specific data from OANDA, FX or FOREXCOM.
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers