Confirmed Fib (BOS + Pullback): Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

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

Settings control pivot lengths, minimum displacement in ATR, an invalidation buffer, maximum leg age and an optional higher-timeframe bias filter. Individual fib levels, a golden zone fill, labels, anchors and an info panel can be toggled, with alerts for new fibs and golden zone touches. The author states it gives no buy or sell signals. It draws on the price chart.

Break of structure plus pullback anchored fibs
ATR displacement and invalidation rules
Optional higher-timeframe bias filter
Selectable fib levels and golden zone
Alerts for new fib and zone touch

Details

Published by

majixai on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

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.

File

tradingview_integration/pine_script/test006.pine

Repository

github.com/majixai/majixai.github.io. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Pivot length (L/R)	`int`	`8`	`pivotLen`
Pullback pivot length (L/R)	`int`	`3`	`pullbackPivotL`
Min displacement (ATR)	`float`	`1.5`	`displacementATR`
Invalidation buffer (ATR)	`float`	`0.25`	`invalidBufATR`
Max leg age (bars)	`int`	`150`	`maxLegAgeBars`
Pivots retained	`int`	`15`	`historyDepth`
Use HTF bias filter	`bool`	`true`	`useBias`
HTF pivot length (L/R)	`int`	`3`	`biasPivotL`
0.000	`bool`	`true`	`lvl0`
0.236	`bool`	`true`	`lvl236`
0.382	`bool`	`true`	`lvl382`
0.500	`bool`	`true`	`lvl5`

Show all 27 settings

Setting	Type	Default	Variable
0.618	`bool`	`true`	`lvl618`
0.786	`bool`	`true`	`lvl786`
1.000	`bool`	`true`	`lvl1`
Colour Theme	`string`	`UK Algorithms`	`themeStr`
0.500 line color	`color`	`color.rgb(160, 160, 170)`	`midColor`
Golden zone fill	`color`	`color.new(#FFD700, 80)`	`goldFill`
Golden zone edge	`color`	`color.new(#B8860B, 40)`	`goldEdge`
Impulse line color	`color`	`color.rgb(140, 140, 160)`	`impulseCol`
Show impulse line	`bool`	`true`	`showImpulse`
Extend right	`bool`	`true`	`extendRight`
Price labels	`bool`	`true`	`showLabels`
Anchor markers	`bool`	`true`	`showAnchors`
Info panel	`bool`	`true`	`showInfo`
Alert on new fib drawn	`bool`	`true`	`alertOnNewFib`
Alert on Golden Zone touch	`bool`	`true`	`alertOnZone`

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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