This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v5 · On the chart
Interactive Two Points & Levels Fibo Wave
Calculates Fibonacci-scaled wave cycles and projection levels directly on the main price chart based on two user-selected anchor points.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code131
Settings16inputs
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
The script projects sine waves with expanding or static amplitudes relative to dynamic trend lines, reference price levels, and cross-symmetry points. Users can select wave modes, toggle stepped or smooth wave transitions, inverse wave lines, and customize amplitude cycles.
- Interactive two-point anchor selection
- Fibonacci cycle amplitude scaling
- Wavy trendline and reference level projections
- Stepped and smooth wave mode options
- Inverse wave and symmetry line overlays
Details
Published by
morindok on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance, Trend
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 |
| Level 1 | price | 0 | p1 |
| Point 2 | time | 0 | t2 |
| Level 2 | price | 0 | p2 |
| Wave Mode | string | Fibo Wave | wave_mode |
| Reset Fibo Wave (After 5 Cycles) | bool | true | reset_fibo |
| Stepped/Flat Waves | bool | false | is_stepped |
| Steps per Wavelength | float | 10.0 | steps_per_wave |
| Show Inverse Wave Lines (-wave) | bool | true | show_inv_wave_lines |
| Apply Fibo Wave to Main Price | bool | true | apply_wave_to_price |
| Show Symmetry relative to High Level | bool | true | show_high_sym |
| Show Symmetry relative to Low Level | bool | true | show_low_sym |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Symmetry relative to Level 1 | bool | true | show_lvl1_sym |
| Show Symmetry relative to Level 2 | bool | true | show_lvl2_sym |
| Show Symmetry relative to Blue Line | bool | true | show_blue_sym |
| Show Symmetry relative to Orange Line | bool | true | show_inv_sym |
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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