OPEN-SOURCE SCRIPT
Fanfans MACD+RSI
Fanfans Minimalist Trading Indicator (Pine Script v6)
Overview
The Fanfans Minimalist Indicator is a comprehensive multi-condition trading signal tool built for TradingView (Pine Script v6). It integrates trend analysis, momentum filters, and position management rules to generate high-confidence long/short signals, with built-in risk controls to limit position exposure. Designed for clarity and practicality, it balances signal sensitivity with false-signal reduction, suitable for various assets (stocks, cryptocurrencies, forex, futures) and timeframes (1H, 4H, daily).
Core Features
Multi-Indicator Convergence: Combines WMA trend lines, MACD (dual-period), and RSI filters to validate signals.
Position Risk Management: Limits maximum 2 concurrent positions per direction; prohibits re-entering the same direction after a stop-loss (only opposite direction allowed).
Flexible Debug Mode: Loosens filters for testing purposes, helping users verify signal triggers before tightening conditions.
Visual Clarity: Color-coded bars, dynamic labels, and status panels provide real-time trading context.
Customizable Parameters: All key inputs (indicator periods, risk multiples, position limits) are adjustable.
Overview
The Fanfans Minimalist Indicator is a comprehensive multi-condition trading signal tool built for TradingView (Pine Script v6). It integrates trend analysis, momentum filters, and position management rules to generate high-confidence long/short signals, with built-in risk controls to limit position exposure. Designed for clarity and practicality, it balances signal sensitivity with false-signal reduction, suitable for various assets (stocks, cryptocurrencies, forex, futures) and timeframes (1H, 4H, daily).
Core Features
Multi-Indicator Convergence: Combines WMA trend lines, MACD (dual-period), and RSI filters to validate signals.
Position Risk Management: Limits maximum 2 concurrent positions per direction; prohibits re-entering the same direction after a stop-loss (only opposite direction allowed).
Flexible Debug Mode: Loosens filters for testing purposes, helping users verify signal triggers before tightening conditions.
Visual Clarity: Color-coded bars, dynamic labels, and status panels provide real-time trading context.
Customizable Parameters: All key inputs (indicator periods, risk multiples, position limits) are adjustable.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.