Moving Average Channel plots separate simple moving averages for upper and lower bands on the price chart. It fills the space between bands with semi-transparent color and colors bars green above the upper band, red below the lower band, or gray in between. Us
Indicator · Pine Script v4 · On the chart
Conditional Colors
This indicator identifies pivot high and low levels and plots them as horizontal lines on the main price chart.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code14
Settings3inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
14 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-essential-colors-02.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("Conditional colors", "", true)
int i_legs = input(5, "Pivot Legs", minval = 1)
color i_c_pHi = input(color.olive, "High pivots")
color i_c_pLo = input(color.orange, "Low pivots")
// Intialize the pivot level variables.
var float pHi = na
var float pLo = na
// When a new pivot is detected, save its value.
pHi := nz(pivothigh(i_legs, i_legs), pHi)
pLo := nz(pivotlow( i_legs, i_legs), pLo)
// When a new pivot is detected, do not plot a color.
plot(pHi, "High", change(pHi) ? na : i_c_pHi, 2, plot.style_line)
plot(pLo, "Low", change(pLo) ? na : i_c_pLo, 2, plot.style_line)
Overview
Conditional Colors calculates pivots using a configurable leg period and stores the most recent high and low pivot values. When a new pivot level is detected, the script conditionally sets the line color to transparent to prevent vertical connecting lines during price step changes. Settings allow adjustment of the pivot leg length and the display colors for high and low pivots.
- Pivot high and low level detection
- Conditional line plotting on level changes
- Customizable pivot leg length
- Configurable high and low line colors
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance
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.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Legs | int | 5 | i_legs |
| High pivots | color | color.olive | i_c_pHi |
| Low pivots | color | color.orange | i_c_pLo |
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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