The Breakeven Line Demo strategy is a Pine Script demonstration tool designed to visualize the average position price of stacked trades. It enters long positions after seven consecutive bearish candles and short positions after seven consecutive bullish candle
Strategy · Pine Script v6 · On the chart
Fibonacci SR Strategy
This strategy identifies bullish and bearish Pin Bar or Engulfing candlestick patterns interacting with Fibonacci levels calculated from a 1,440-bar lookback range.
GitHub stars1on the repository
Pine versionv6current
Lines of code89
Settings0inputs
LicenceNone stated
Last update3 weeks ago6 Oct 2026
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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
Fibonacci SR Strategy enters long or short positions when a valid candlestick pattern crosses a Fibonacci level. Exit orders are placed dynamically using adjacent Fibonacci levels as Stop Loss and Take Profit targets. The indicator plots the historical high, low, and Fibonacci ratios directly on the price chart.
- Fibonacci levels calculated from lookback range
- Pin Bar and Engulfing candlestick detection
- Dynamic Stop Loss and Take Profit exits
- On-chart visualization of support and resistance
Details
Published by
moonyroy on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
M1-M5
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.
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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