By NK2 · checked 2026-11-03
Free open-source · Trend · by KivancOzbilgic
75 Provisional out of 100
Last reviewed 2026-11-03 · Updated 2026-11-03: pros, cons and verdict re-sourced
Risk warning: Trading involves substantial risk of loss. Past or backtested performance does not guarantee future results. Scores rate the product, not trade outcomes. Risk disclaimer
Code review of the published Pine v4 source (37 lines): bands ratchet on close[1] (lines 14 and 17) and flips use the current close (line 20), so a flip can appear and vanish on the open bar. No pivots or offsets. The optional multi-timeframe setting (study resolution, line 2) pulls other-timeframe data, which TradingView says can fluctuate on realtime bars and repaint after reload. (source)
| Factor | Points | Max |
|---|---|---|
| Repaint risk (code review done, live test pending) | 17 | / 25 |
| Source transparency | 20 | / 20 |
| Price value | 15 | / 15 |
| Backtest / claim honesty | 10 | / 15 |
| Vendor transparency | 8 | / 15 |
| Platform reach + alerts | 5 | / 10 |
See the methodology. Code review done, live test pending.
From the script’s public page and our code review (source). Not from trading tests.
Runs on TradingView: open TradingView.
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Affiliate disclosure: some links on NextCandle are affiliate links (currently TradingView, AlgoAlpha, TrendSpider and TradersPost). We may earn a commission at no cost to you. Vendors never pay for placement or score. Scores are provisional until our repaint audit is complete. Not financial advice: indicators do not guarantee profits. Data checked 2026-11-03. Full disclosure