This indicator calculates and plots Donchian Channels directly on the price chart. It determines the highest high and lowest low over a user-selected lookback period using an optimized monotonic deque algorithm, as well as a middle basis line computed as their
Indicator · Pine Script v6 · On the chart
XRP Breakout Matrix Bayesian GC
An indicator that detects cup and handle patterns from pivots, with inputs for rim similarity, handle retracement range, an invalidation retrace level and a target set as a multiple of cup depth.
GitHub stars1on the repository
Pine versionv6current
Lines of code422
Settings28inputs
LicenceNone stated
Last updateyesterday28 Oct 2026
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
A Bayesian probability update using a Bollinger squeeze as evidence must pass a posterior threshold. Target and stop boxes, pattern labels and a multi-timeframe dashboard are drawn on the price chart, and an automatic cleanup removes older drawings. Despite the name, nothing in the code limits it to one asset.
- Cup and handle detection from pivots
- Bayesian probability with Bollinger squeeze evidence
- Target and stop boxes
- Multi-timeframe dashboard
- Automatic cleanup of old drawings
Details
Published by
majixai on GitHub
Code credit
Jinx Labs, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Support & resistance, Breakout, Volatility & bands
Markets
Crypto
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 |
|---|---|---|---|
| Pivot span | int | 10 | pivotSpan |
| Rim similarity tolerance (%) | int | 18 | rimTolPct |
| Handle retrace min | float | 0.12 | hMin |
| Handle retrace max | float | 0.55 | hMax |
| Invalidation retrace (%) | float | 61.8 | killAtFib |
| Require breakout confirmation | bool | false | needConfirm |
| Target multiplier (× cup depth) | float | 0.75 | targetMult |
| Prior probability P(H) | float | 0.35 | pPrior |
| Likelihood P(E|H) | float | 0.75 | pSqueezeLik |
| Likelihood P(E|¬H) | float | 0.40 | pNoiseLik |
| Posterior threshold | float | 0.60 | probThresh |
| Bollinger length | int | 20 | bbLength |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bollinger deviation | float | 2.0 | bbMult |
| Show MTF dashboard | bool | true | showTable |
| GC sweep trigger | int | 6 | gcThreshold |
| Max retained patterns | int | 20 | gcKeep |
| Cluster buckets | int | 8 | gcBuckets |
| Show pattern label | bool | true | showName |
| Show target line/boxes | bool | true | showTarget |
| Show target/stop boxes | bool | true | showZones |
| Bull fill | color | color.new(color.lime, 84) | bgBull |
| Bull line | color | color.new(color.lime, 15) | lnBull |
| Bear fill | color | color.new(color.red, 84) | bgBear |
| Bear line | color | color.new(color.red, 15) | lnBear |
| Pattern width | int | 2 | wOk |
| Pattern style | string | Solid | stOk |
| Target width | int | 2 | targetWidth |
| Target style | string | Dashed | targetStyle |
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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