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
Fibow
Fibow is an intraday trading strategy that tracks daily price extremes to calculate directional Fibonacci support and resistance levels.
GitHub stars1on the repository
Pine versionv6current
Lines of code93
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
Fibow monitors price action for Pin Bar and Engulfing candlestick patterns reacting at key Fibonacci retracement thresholds. Upon pattern confirmation at a valid level, the strategy enters long or short positions directly on the main chart. Take profit and stop loss targets are dynamically assigned to adjacent Fibonacci levels or daily boundary extremes.
- Directional daily Fibonacci level calculation
- Pin Bar and Engulfing pattern detection
- Dynamic level-based Take Profit and Stop Loss
- Manual intraday daily range tracking
Details
Published by
moonyroy on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Support & resistance, Candlestick patterns
Markets
Any symbol
Timeframes
M15-H1
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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