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 v5 · On the chart
Conditional Colors
Calculates pivot high and low levels based on a user-defined leg length and plots them directly on the price chart.
GitHub stars65on the repository
Pine versionv5runs as is
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 v5 from examples/v5/tradingview-docs/v5-concepts-colors-02.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Conditional colors", "", true)
int legsInput = input.int(5, "Pivot Legs", minval = 1)
color pHiColorInput = input.color(color.olive, "High pivots")
color pLoColorInput = input.color(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(ta.pivothigh(legsInput, legsInput), pHi)
pLo := nz(ta.pivotlow( legsInput, legsInput), pLo)
// When a new pivot is detected, do not plot a color.
plot(pHi, "High", ta.change(pHi) ? na : pHiColorInput, 2, plot.style_line)
plot(pLo, "Low", ta.change(pLo) ? na : pLoColorInput, 2, plot.style_line)
Overview
When a new pivot level is confirmed, the script updates its stored level variable and briefly hides the plot to create a clear break in the drawn line. Users can adjust the pivot calculation distance and select custom colors for both high and low pivot lines.
- Pivot high and low level tracking
- Conditional plot coloring with step breaks
- Customizable pivot leg length
- Configurable color settings for high and low lines
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v5
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 | legsInput |
| High pivots | color | color.olive | pHiColorInput |
| Low pivots | color | color.orange | pLoColorInput |
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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