This indicator analyzes short-term price action on index futures and options charts by applying Rational Quadratic kernel smoothing to detect sideways consolidation ranges and potential breakouts. It processes pivot highs and lows over customizable loopback pe
Indicator · Pine Script v5 · On the chart
Hyper Fibo System {Morindok}
This indicator calculates a Fibonacci-scaled sinusoidal wave cycle derived from two user-selected chart reference points.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code199
Settings14inputs
LicenceNone stated
Last update7 weeks ago6 Sep 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
Plotted directly on the main price chart, it projects an extended trendline alongside moving averages adjusted by normal and inverse slopes. Users can configure settings to superimpose the Fibonacci wave onto price candles, trendlines, or intermediate cross levels, with an option to reset wave amplitude after five cycles. The tool produces no automated buy or sell signals and requires manual placement of both anchor points to initialize its geometry.
- Fibonacci wave cycle calculation
- Two-point manual chart coordinate inputs
- Extended trendline projection
- Moving averages with normal and inverse slope
- Wave-modulated price candle plotting
Details
Published by
morindok on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Support & resistance, Moving averages
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 |
|---|---|---|---|
| Point 1 | time | 0 | t1 |
| p1 | price | 0 | p1 |
| Point 2 | time | 0 | t2 |
| p2 | price | 0 | p2 |
| Apply Fibo Wave to Trend Line | bool | false | apply_wave_to_line |
| Apply Fibo Wave to Gray Line (Cross Level) | bool | false | apply_wave_to_gray |
| Apply Fibo Wave to Main Price Candles | bool | false | apply_wave_to_price |
| Apply Overall Slope to Gray Line | bool | false | use_slope_for_gray |
| Inverse Slope for Gray Line | bool | false | inverse_gray_slope |
| Show High Point Symmetry Candles | bool | false | show_high_sym |
| Apply Fibo Wave to High Point Level | bool | false | apply_wave_to_high |
| Show Low Point Symmetry Candles | bool | false | show_low_sym |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Apply Fibo Wave to Low Point Level | bool | false | apply_wave_to_low |
| Reset Wave After 5 Cycles (Disable for Infinite Growth) | bool | true | reset_wave |
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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