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
The code detects the first year of listed data and counts how often price has touched and closed back above the 10 and 20 period EMAs within a lookback of up to 2000 bars, which feeds an EMA support ratio row. Settings choose dark or light colours, the lookback length and the table size and position. The supplied code is cut off before the remaining valuation metrics, so those are not described. It gives no trade signals.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Dark Mode
bool
true
i_darkMode
EMA Support Lookback Bars
int
252
i_emaSupportLookback
Table Size
string
small
i_tblSize
↕
string
top
i_tblPosY
↔
string
right
i_tblPosX
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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