Farey Sequence Weighted Moving A…: Free TradingView Indicator (Pine Script)

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

107 lines of Pine Script v4 from movings/farey_sequence_weighted_moving_average.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

farey_sequence_weighted_moving_average.pine

//@version=4
// Copyright (c) 2019-present, Alex Orekhov (everget)
// Farey Sequence Weighted Moving Average script may be freely distributed under the terms of the GPL-3.0 license.
study("Farey Sequence Weighted Moving Average", shorttitle="FSWMA", overlay=true)

order = input(title="Order", defval="5",
     options=[
         "2",
         "3",
         "4",
         "5",
         "6",
         "7",
         "8",
         "9",
         "10",
         "11",
         "12",
         "13",
         "14"
         ])
src = input(title="Source", type=input.source, defval=close)
highlightMovements = input(title="Highlight Movements ?", type=input.bool, defval=true)

src1 = src[1]
src2 = src[2]
src3 = src[3]
src4 = src[4]
src5 = src[5]
src6 = src[6]
src7 = src[7]
src8 = src[8]
src9 = src[9]
src10 = src[10]
src11 = src[11]
src12 = src[12]
src13 = src[13]
src14 = src[14]
src15 = src[15]
src16 = src[16]
src17 = src[17]
src18 = src[18]
src19 = src[19]
src20 = src[20]
src21 = src[21]
src22 = src[22]
src23 = src[23]
src24 = src[24]
src25 = src[25]
src26 = src[26]
src27 = src[27]
src28 = src[28]
src29 = src[29]
src30 = src[30]
src31 = src[31]
src32 = src[32]
src33 = src[33]
src34 = src[34]
src35 = src[35]
src36 = src[36]
src37 = src[37]
src38 = src[38]
src39 = src[39]
src40 = src[40]
src41 = src[41]
src42 = src[42]
src43 = src[43]
src44 = src[44]
src45 = src[45]
src46 = src[46]
src47 = src[47]
src48 = src[48]
src49 = src[49]
src50 = src[50]
src51 = src[51]
src52 = src[52]
src53 = src[53]
src54 = src[54]
src55 = src[55]
src56 = src[56]
src57 = src[57]
src58 = src[58]
src59 = src[59]
src60 = src[60]
src61 = src[61]
src62 = src[62]
src63 = src[63]

// Generated by script, not manually
fswma =
     order == "2" ? (src + 0.5 * src1) / 1.5 :
     order == "3" ? (src + 0.667 * src1 + 0.5 * src2 + 0.333 * src3) / 2.5 :
     order == "4" ? (src + 0.75 * src1 + 0.667 * src2 + 0.5 * src3 + 0.333 * src4 + 0.25 * src5) / 3.5 :
     order == "5" ? (src + 0.8 * src1 + 0.75 * src2 + 0.667 * src3 + 0.6 * src4 + 0.5 * src5 + 0.4 * src6 + 0.333 * src7 + 0.25 * src8 + 0.2 * src9) / 5.5 :
     order == "6" ? (src + 0.833 * src1 + 0.8 * src2 + 0.75 * src3 + 0.667 * src4 + 0.6 * src5 + 0.5 * src6 + 0.4 * src7 + 0.333 * src8 + 0.25 * src9 + 0.2 * src10 + 0.167 * src11) / 6.5 :
     order == "7" ? (src + 0.857 * src1 + 0.833 * src2 + 0.8 * src3 + 0.75 * src4 + 0.714 * src5 + 0.667 * src6 + 0.6 * src7 + 0.571 * src8 + 0.5 * src9 + 0.429 * src10 + 0.4 * src11 + 0.333 * src12 + 0.286 * src13 + 0.25 * src14 + 0.2 * src15 + 0.167 * src16 + 0.143 * src17) / 9.5 :
     order == "8" ? (src + 0.875 * src1 + 0.857 * src2 + 0.833 * src3 + 0.8 * src4 + 0.75 * src5 + 0.714 * src6 + 0.667 * src7 + 0.625 * src8 + 0.6 * src9 + 0.571 * src10 + 0.5 * src11 + 0.429 * src12 + 0.4 * src13 + 0.375 * src14 + 0.333 * src15 + 0.286 * src16 + 0.25 * src17 + 0.2 * src18 + 0.167 * src19 + 0.143 * src20 + 0.125 * src21) / 11.5 :
     order == "9" ? (src + 0.889 * src1 + 0.875 * src2 + 0.857 * src3 + 0.833 * src4 + 0.8 * src5 + 0.778 * src6 + 0.75 * src7 + 0.714 * src8 + 0.667 * src9 + 0.625 * src10 + 0.6 * src11 + 0.571 * src12 + 0.556 * src13 + 0.5 * src14 + 0.444 * src15 + 0.429 * src16 + 0.4 * src17 + 0.375 * src18 + 0.333 * src19 + 0.286 * src20 + 0.25 * src21 + 0.222 * src22 + 0.2 * src23 + 0.167 * src24 + 0.143 * src25 + 0.125 * src26 + 0.111 * src27) / 14.5 :
     order == "10" ? (src + 0.9 * src1 + 0.889 * src2 + 0.875 * src3 + 0.857 * src4 + 0.833 * src5 + 0.8 * src6 + 0.778 * src7 + 0.75 * src8 + 0.714 * src9 + 0.7 * src10 + 0.667 * src11 + 0.625 * src12 + 0.6 * src13 + 0.571 * src14 + 0.556 * src15 + 0.5 * src16 + 0.444 * src17 + 0.429 * src18 + 0.4 * src19 + 0.375 * src20 + 0.333 * src21 + 0.3 * src22 + 0.286 * src23 + 0.25 * src24 + 0.222 * src25 + 0.2 * src26 + 0.167 * src27 + 0.143 * src28 + 0.125 * src29 + 0.111 * src30 + 0.1 * src31) / 16.5 :
     order == "11" ? (src + 0.909 * src1 + 0.9 * src2 + 0.889 * src3 + 0.875 * src4 + 0.857 * src5 + 0.833 * src6 + 0.818 * src7 + 0.8 * src8 + 0.778 * src9 + 0.75 * src10 + 0.727 * src11 + 0.714 * src12 + 0.7 * src13 + 0.667 * src14 + 0.636 * src15 + 0.625 * src16 + 0.6 * src17 + 0.571 * src18 + 0.556 * src19 + 0.545 * src20 + 0.5 * src21 + 0.455 * src22 + 0.444 * src23 + 0.429 * src24 + 0.4 * src25 + 0.375 * src26 + 0.364 * src27 + 0.333 * src28 + 0.3 * src29 + 0.286 * src30 + 0.273 * src31 + 0.25 * src32 + 0.222 * src33 + 0.2 * src34 + 0.182 * src35 + 0.167 * src36 + 0.143 * src37 + 0.125 * src38 + 0.111 * src39 + 0.1 * src40 + 0.091 * src41) / 21.5 :
     order == "12" ? (src + 0.917 * src1 + 0.909 * src2 + 0.9 * src3 + 0.889 * src4 + 0.875 * src5 + 0.857 * src6 + 0.833 * src7 + 0.818 * src8 + 0.8 * src9 + 0.778 * src10 + 0.75 * src11 + 0.727 * src12 + 0.714 * src13 + 0.7 * src14 + 0.667 * src15 + 0.636 * src16 + 0.625 * src17 + 0.6 * src18 + 0.583 * src19 + 0.571 * src20 + 0.556 * src21 + 0.545 * src22 + 0.5 * src23 + 0.455 * src24 + 0.444 * src25 + 0.429 * src26 + 0.417 * src27 + 0.4 * src28 + 0.375 * src29 + 0.364 * src30 + 0.333 * src31 + 0.3 * src32 + 0.286 * src33 + 0.273 * src34 + 0.25 * src35 + 0.222 * src36 + 0.2 * src37 + 0.182 * src38 + 0.167 * src39 + 0.143 * src40 + 0.125 * src41 + 0.111 * src42 + 0.1 * src43 + 0.091 * src44 + 0.083 * src45) / 23.5 :
     order == "13" ? (src + 0.923 * src1 + 0.917 * src2 + 0.909 * src3 + 0.9 * src4 + 0.889 * src5 + 0.875 * src6 + 0.857 * src7 + 0.846 * src8 + 0.833 * src9 + 0.818 * src10 + 0.8 * src11 + 0.778 * src12 + 0.769 * src13 + 0.75 * src14 + 0.727 * src15 + 0.714 * src16 + 0.7 * src17 + 0.692 * src18 + 0.667 * src19 + 0.636 * src20 + 0.625 * src21 + 0.615 * src22 + 0.6 * src23 + 0.583 * src24 + 0.571 * src25 + 0.556 * src26 + 0.545 * src27 + 0.538 * src28 + 0.5 * src29 + 0.462 * src30 + 0.455 * src31 + 0.444 * src32 + 0.429 * src33 + 0.417 * src34 + 0.4 * src35 + 0.385 * src36 + 0.375 * src37 + 0.364 * src38 + 0.333 * src39 + 0.308 * src40 + 0.3 * src41 + 0.286 * src42 + 0.273 * src43 + 0.25 * src44 + 0.231 * src45 + 0.222 * src46 + 0.2 * src47 + 0.182 * src48 + 0.167 * src49 + 0.154 * src50 + 0.143 * src51 + 0.125 * src52 + 0.111 * src53 + 0.1 * src54 + 0.091 * src55 + 0.083 * src56 + 0.077 * src57) / 29.5 :
     order == "14" ? (src + 0.929 * src1 + 0.923 * src2 + 0.917 * src3 + 0.909 * src4 + 0.9 * src5 + 0.889 * src6 + 0.875 * src7 + 0.857 * src8 + 0.846 * src9 + 0.833 * src10 + 0.818 * src11 + 0.8 * src12 + 0.786 * src13 + 0.778 * src14 + 0.769 * src15 + 0.75 * src16 + 0.727 * src17 + 0.714 * src18 + 0.7 * src19 + 0.692 * src20 + 0.667 * src21 + 0.643 * src22 + 0.636 * src23 + 0.625 * src24 + 0.615 * src25 + 0.6 * src26 + 0.583 * src27 + 0.571 * src28 + 0.556 * src29 + 0.545 * src30 + 0.538 * src31 + 0.5 * src32 + 0.462 * src33 + 0.455 * src34 + 0.444 * src35 + 0.429 * src36 + 0.417 * src37 + 0.4 * src38 + 0.385 * src39 + 0.375 * src40 + 0.364 * src41 + 0.357 * src42 + 0.333 * src43 + 0.308 * src44 + 0.3 * src45 + 0.286 * src46 + 0.273 * src47 + 0.25 * src48 + 0.231 * src49 + 0.222 * src50 + 0.214 * src51 + 0.2 * src52 + 0.182 * src53 + 0.167 * src54 + 0.154 * src55 + 0.143 * src56 + 0.125 * src57 + 0.111 * src58 + 0.1 * src59 + 0.091 * src60 + 0.083 * src61 + 0.077 * src62 + 0.071 * src63) / 32.5 :
     na

fswmaColor = highlightMovements ? (fswma > fswma[1] ? color.green : color.red) : #6d1e7f
plot(fswma, title="FSWMA", linewidth=2, color=fswmaColor, transp=0)

Overview

The line plots directly on the price chart and updates dynamically based on the chosen input source and order setting ranging from 2 to 14. An optional visual setting changes the plot color based on whether the average is rising or falling.

Farey sequence weighting model
Selectable sequence order options
Customizable price source input
Directional movement color highlighting

Details

Published by

everget on GitHub

Type

Indicator, Pine Script v4

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

movings/farey_sequence_weighted_moving_average.pine

Repository

github.com/everget/tradingview-pinescript-indicators. See its other scripts in the library

Topics

pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average

Settings

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

Setting	Type	Default	Variable
Order	`string`	`5`	`order`
Source	`source`	`close`	`src`
Highlight Movements ?	`bool`	`true`	`highlightMovements`

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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