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
UnizonesAlgo (Universal Zones) generates trade signals when price reaches a zone, demonstrates rejection, and receives confirmation from volume exceeding a moving average threshold. The indicator calculates dynamic stop-loss and take-profit levels using ATR multipliers. Inputs allow users to adjust the zone timeframe, pivot strength, volume multipliers, and risk settings. Note that higher-timeframe data is requested using lookahead.
Higher timeframe supply and demand zone detection
Volume-confirmed price rejection entry signals
ATR-based stop loss and take profit target projections
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Higher Timeframe for Zones
timeframe
240
zone_tf
Zone Lookback (HTF Bars)
int
20
zone_lookback
Zone Strength (Pivot Length)
int
10
zone_strength
ATR Period
int
14
atr_period
ATR Multiplier for Stop Loss
float
2.0
atr_multiplier_sl
ATR Multiplier for Take Profit
float
4.0
atr_multiplier_tp
Volume MA Period
int
20
vol_period
Volume Confirmation Multiplier
float
1.5
vol_threshold
Show Zones
bool
true
show_zones
Show Entry Signals
bool
true
show_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.
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