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
Swings are identified using zigzag pivot detection with an optional ATR deviation filter, or anchored to completed higher-timeframe periods. When a new swing forms, prior Fibonacci levels are preserved as faded historical segments rather than erased. Users can configure anchor modes, historical depth, line styling, monochrome coloring, labels, and alerts for level crossings and bounces.
Combined Fibonacci retracements and dual-direction extensions
Historical stair-step levels preserved across prior swings
Auto-pivot and higher-timeframe anchor modes
Optional ATR deviation filter to eliminate minor price swings
Alert triggers for level crossings and price bounces
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Anchor Mode
string
Auto Pivot
anchorMode
Pivot Depth
int
15
pivotDepth
Use Deviation Filter
bool
false
useDeviation
Deviation (ATR mult)
float
3.0
devMult
Anchor Timeframe
timeframe
D
anchorTF
History Depth
int
3
historyDepth
Extra Fade Per Age (%)
int
15
fadeStep
Historical Line Width
int
1
historyWidth
Display Mode
string
Both
displayMode
Extend Live Set Right
bool
true
extendRight
Right Extension (bars)
int
20
rightBars
Live Line Width
int
1
lineWidth
Show all 40 settings
Setting
Type
Default
Variable
Show Level Ratios
bool
true
showRatios
Show Prices
bool
true
showPrices
Label Position
string
Right
labelPos
Show Band Fills
bool
true
showFills
Band Fill Transparency
int
90
fillTransp
Monochrome (off = native colors)
bool
true
monoMode
Base Color
color
color.new(color.gray, 0)
baseColor
Non-Key Transparency
int
35
nonKeyTransp
Tolerance Mode
string
Ticks
tolMode
Tolerance (ticks)
int
4
tolTicks
Tolerance (% of swing range)
float
2.0
tolPct
Alert: Level Crossings
bool
true
alertCrossOn
Crossings: Key Levels Only
bool
false
alertKeyOnly
Alert: Bounces / Reversals
bool
true
alertBounceOn
-0.618
bool
false
en_n0618
co_n0618
color
#009688
co_n0618
-0.382
bool
false
en_n0382
co_n0382
color
#81c784
co_n0382
-0.236
bool
false
en_n0236
co_n0236
color
#f44336
co_n0236
0
bool
true
en_0
co_0
color
#787b86
co_0
0.236
bool
true
en_0236
co_0236
color
#f44336
co_0236
0.382
bool
true
en_0382
co_0382
color
#81c784
co_0382
0.5
bool
true
en_05
co_05
color
#4caf50
co_05
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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