Moving Average Channel plots separate simple moving averages for upper and lower bands on the price chart. It fills the space between bands with semi-transparent color and colors bars green above the upper band, red below the lower band, or gray in between. Us
Indicator · Pine Script v4 · On the chart
MD Range Finder 3 (V4)
A Pine Script v4 indicator, a fourth variant of the range finder, that locates a price range over a 500-bar period and draws baselines at 0, 0.5 and 1 on the price chart, with Fibonacci-style extension lines projected from it.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code1,037
Settings40inputs
LicenceNone stated
Last update6 months ago15 Apr 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
Lines extend to the right by default. Timeframe selection can be automatic or manual, and delay, offset, colours, styles and widths are adjustable. It draws levels only and has no order logic.
- Range baselines at 0, 0.5 and 1
- Fibonacci-style extension lines
- Auto or manual timeframe
- Adjustable delay and offset
Details
Published by
mikeyhu70 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance
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 |
|---|---|---|---|
| Auto Timeframe to Assess ? | string | Manual | mode_auto_TF |
| resolution (if manual) | timeframe | | res |
| Period | int | 500 | nperiod |
| Delay(must be less than Period) | int | 1 | delay |
| Offset(Plot how many lines shift if auto did not found an index within period parameter) | int | 1 | offset |
| Line Extension | string | Right | strExtension |
| BaseLine(0.000) | bool | true | showBaseLine0 |
| BaseLine(1.000) | bool | true | showBaseLine1 |
| BaseLine(0.500) | bool | true | showBaseLineMP |
| Color(BaseLine) | string | Gray | strColorBaseLine |
| Color(BaseLine MP) | string | Olive | strColorBaseLineMP |
| Style(BaseLine) | string | Solid | strStyleBaseLine |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Width(BaseLine) | int | 2 | widthBaseLine |
| Color(ExLine) | string | Tan | strColorExLine |
| Style(ExLine) | string | Dotted | strStyleExLine |
| Width(ExLine) | int | 1 | widthExLine |
| Paint Bar (debug) | bool | false | pbar |
| expext1 | bool | true | showExLine_expext1 |
| Fib(expext1) | float | 1.000 | fib_expext1 |
| expext382 | bool | false | showExLine_expext382 |
| Fib(expext382) | float | 0.382 | fib_expext382 |
| expext500 | bool | true | showExLine_expext500 |
| Fib(expext500) | float | 0.500 | fib_expext500 |
| expext618 | bool | false | showExLine_expext618 |
| Fib(expext618) | float | 0.618 | fib_expext618 |
| expext768 | bool | false | showExLine_expext768 |
| Fib(expext768) | float | 0.768 | fib_expext768 |
| expext2 | bool | true | showExLine_expext2 |
| Fib(expext2) | float | 2.000 | fib_expext2 |
| expext3 | bool | true | showExLine_expext3 |
| Fib(expext3) | float | 3.000 | fib_expext3 |
| expext4 | bool | false | showExLine_expext4 |
| Fib(expext4) | float | 4.000 | fib_expext4 |
| expext5 | bool | true | showExLine_expext5 |
| Fib(expext5) | float | 5.000 | fib_expext5 |
| expext6 | bool | false | showExLine_expext6 |
| Fib(expext6) | float | 6.000 | fib_expext6 |
| expext7 | bool | true | showExLine_expext7 |
| Fib(expext7) | float | 7.000 | fib_expext7 |
| expext7 | bool | false | showExLine_expext8 |
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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