This indicator plots standard Bollinger Bands and three configurable moving averages directly on the price chart. Users can toggle the Bollinger Bands, adjust their length and multiplier, and choose between exponential or simple moving averages for fast, slow,
Indicator · Pine Script v6 · On the chart
Hybrid Triple Exponential Smoothing
This indicator applies Hybrid Triple Exponential Smoothing (Holt-Winters method) to price series with an optional power transformation function.
GitHub stars5on the repository
Pine versionv6current
Lines of code128
Settings19inputs
LicenceNone stated
Last update8 months ago21 Feb 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 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
Hybrid Triple Exponential Smoothing calculates level, trend, and seasonal components to produce a fitted basis line along with residual and error deviation bands. Upper and lower deviation envelope bands are generated around the fitted price using customizable deviation multipliers. Users can fine-tune individual smoothing parameters (alpha, beta, gamma, and seasonal period) for data, residuals, and error calculations on the main price chart.
- Triple Exponential Smoothing algorithm
- Optional power and logarithmic transformations
- Independent smoothing for data, residuals, and errors
- Deviation envelope bands plotted on price chart
Details
Published by
gorx1 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
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 |
|---|---|---|---|
| source | source | close | source |
| Power transform | input | 1. | lambda |
| Alpha | float | 0.25 | data_alpha |
| Beta | float | 0.25 | data_beta |
| Gamma | float | 0.25 | data_gamma |
| Seasonal period | int | 4 | data_m |
| Alpha | float | 0.0625 | res_alpha |
| Beta | float | 0.0625 | res_beta |
| Gamma | float | 0.0625 | res_gamma |
| Seasonal period | int | 4 | res_m |
| Alpha | float | 0.125 | err_alpha |
| Beta | float | 0.125 | err_beta |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Gamma | float | 0.125 | err_gamma |
| Seasonal period | int | 4 | err_m |
| Residuals | input | 3. | k_res |
| Errors | input | 3. | k_err |
| Data | int | 4 | fore_data_point_steps |
| Interval | int | 16 | fore_data_int_steps |
| Errors | int | 0 | fore_err_point_steps |
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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