A price-chart indicator by BigBeluga that draws a custom volatility-based Supertrend with an optional shaded trend cloud, and marks order blocks at confirmed swing pivots.
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
Each block shows its buy and sell volume percentage. Blocks can be removed once price breaks fully through them. Bullish and bearish retest signals appear when price crosses back through a block and the original pivot window meets a minimum volume share. Settings cover Supertrend length, multiplier, pivot strength, colours and volume thresholds.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Volatility SMA Length
int
50
st_len
Multiplier
float
3.5
st_mult
Show Trend Cloud Fill
bool
true
show_fill
Bullish Cloud Color
color
#00ffcc
cloud_bull_col
Bearish Cloud Color
color
#ff007f
cloud_bear_col
Pivot Strength
int
7
pivot_len
Bullish OB Color
color
#00ffcc
bull_col
Bearish OB Color
color
#ff007f
bear_col
OB Text Label Color
color
#e0e0e0
txt_col
Delete OB on Complete Break
bool
true
delete_on_break
Bullish Retest Signals
bool
true
show_bull_retest
Min Buy %
float
50.0
bull_vol_pct
Show all 16 settings
Setting
Type
Default
Variable
Color
color
#00ffcc
bull_sig_col
Bearish Retest Signals
bool
true
show_bear_retest
Min Sell %
float
50.0
bear_vol_pct
Color
color
#ff007f
bear_sig_col
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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