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
VOB Ladder Watch builds bullish zones for six sensitivity tiers from moving average crossovers, tracks the latest active zone midpoint of each, and checks whether the zones from the lowest tier upward sit at strictly ascending prices. The count of consecutive ascending tiers is shown as a ladder depth label at the right edge of the chart, with alerts as the depth rises. It has no trading logic.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Sensitivity A (highest)
int
2500
sens_a
Sensitivity B
int
2250
sens_b
Sensitivity C
int
2000
sens_c
Sensitivity D
int
1500
sens_d
Sensitivity E
int
1250
sens_e
Sensitivity F (lowest)
int
1000
sens_f
Show ladder-depth labels at right edge
bool
true
show_labels
Fire alerts on ladder escalation
bool
true
show_alerts
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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