This indicator projects cycle paths and Fibonacci-scaled moving averages directly on the price chart based on two user-selected reference points in time and price.
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
Fibo Wave MA - Auto Path (Plot) computes a base moving average period from the elapsed bars between anchors and derives a secondary period using a 1.618 Fibonacci multiplier. Amplitude can be driven by the moving average spread, highest-high and lowest-low ranges, or point differentials. It also calculates price reflections and cycle resets across time. Interactive anchor points must be configured for proper path alignment.
Fibonacci-scaled moving average period calculation
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
äÞØå ãæÌ 1 (ÒãÇä)
time
0
t1
äÞØå 1 (ÞíãÊ)
price
0
p1
äÞØå ãæÌ 2 (ÒãÇä)
time
0
t2
äÞØå 2 (ÞíãÊ)
price
0
p2
äÓÈÊ ãÑ˜Ò ÊÞÇÑä ãæÌ
float
0.5
sym_center_ratio
ÑíÓÊ ãæÌ Ó ÇÒ n ÏæÑå
bool
true
reset_wave
ÇÑÊÝÇÚ ãæÌ ÈÑ ÇÓÇÓ ÝÇÕáå ÊÇ HH/LL
bool
false
use_hh_ll_amp
ÏæÑå HH/LL ÈÑÇí ÇÑÊÝÇÚ ãæÌ
int
50
hh_ll_len
äæÚ ãææíä ÇæÑíÌ
string
SMA
ma_type
ãäÈÚ ãææíä ÇæÑíÌ
source
close
ma_src
äãÇíÔ ãææíä ÝíÈæ
bool
true
show_fibo_ma
ÇÑÊÝÇÚ ãæÌ = ÝÇÕáå Ïæ ãææíä
bool
true
use_ma_gap_amp
Show all 14 settings
Setting
Type
Default
Variable
ÊÞÇÑä ÞíãÊ äÓÈÊ Èå ãæÌ ÝíÈæ
bool
true
use_price_mirror
ãäÈÚ ÞíãÊ ÈÑÇí ÊÞÇÑä
source
close
mirror_src
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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