This indicator plots standard Bollinger Bands and three configurable moving averages directly on the price chart. Users can toggle the Bollinger Bands, adjust their length and multiplier, and choose between exponential or simple moving averages for fast, slow,
Indicator · Pine Script v5 · On the chart
YORUKALIEFE
This indicator plots multiple exponential moving averages on weekly and monthly timeframes, including 14-period weekly EMA, 8-period monthly EMA, and 14-period monthly EMA.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code105
Settings17inputs
LicenceNone stated
Last update2 years ago5 May 2024
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
YORUKALIEFE also displays a Kijun line derived from the midpoint of high and low over 20 periods on the weekly timeframe. Bollinger Bands are overlaid with narrow (20,2) and wide (20,3) settings on the close price. Buy and sell signals are generated on crossovers of the close price with the middle band of the narrow Bollinger Bands, with labels AL and SAT. Additionally, volume bars are colored based on their size relative to the 21-period simple moving average of volume. All elements are drawn on the price chart. The main settings allow customization of EMA lengths, resolutions, Bollinger parameters, and Kijun periods.
- weekly EMA
- monthly EMA
- Kijun line
- Bollinger Bands
- crossover signals
Details
Published by
Kalumur on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Volatility & bands, Trend
Markets
Any symbol
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 14 | ma3_len |
| Source | source | close | src3 |
| EMA14Periyod | timeframe | 1W | res3 |
| Length | int | 8 | ma4_len |
| Source | source | close | src4 |
| EMA8 AYLIK | timeframe | 1M | res4 |
| Length | int | 14 | ma41_len |
| Source | source | close | src41 |
| EMA14 Aylık | timeframe | 1M | res41 |
| kijunTimeFrame | timeframe | 1W | kijunTimeFrame |
| Kijun Periods | int | 20 | kijunPeriods |
| BB MA | int | 20 | length98 |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| BB Source | source | close | src9 |
| Narrow BB Multitude | float | 2.0 | mult |
| Wide BB Length | int | 20 | length198 |
| Wide BB Multitude | float | 3.0 | mult1 |
| length | int | 21 | length77 |
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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