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
FGW | dobofulop
This indicator draws a Fibonacci golden zone from the most recent swing high and swing low on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code189
Settings9inputs
LicenceNone stated
Last update1 year ago19 Jan 2025
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
FGW | dobofulop measures that swing over a configurable bar range and places two Fibonacci ratios, defaulting to 0.5 and 0.618, as lines that outline a potential reversal area. Users can change those ratios, line and fill colors, text size, and whether the space between the lines is filled. Pivot detection uses the highest and lowest prices over the swing range. It does not generate entries or exits.
- Golden zone between two Fibonacci ratios
- Swing high and low from a bar range
- Optional filled area between zone lines
- Line, fill, and text style controls
- Price-chart lines and labels
Details
Published by
Dfulop98 on GitHub
Code credit
dobofulop, as written in the script's header
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Swing Range | int | 20 | pivotRange |
| Use Pivots | bool | false | Use Pivots |
| fibArea1 | float | 0.5 | fibArea1 |
| - | float | 0.618 | fibArea2 |
| Golden Zone Lines | color | color.new(color.yellow, 80) | gzLineColor |
| Show Area | bool | true | showArea |
| gzAreaColor | color | color.new(color.yellow, 90) | gzAreaColor |
| Text Size | string | Normal | textSize |
| textColor | color | color.new(color.white, 30) | textColor |
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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