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 v6 · On the chart
Mini Elliott Wave 2026-2
This compact indicator labels Elliott Wave counts on the price chart.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code2,036
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
Mini Elliott Wave 2026-2 runs a zig-zag at several depths, chooses the depth that gives the best fit, and applies Elliott Wave rules, with a strict mode that forces an A-B-C count when the rules break. A correction mode setting adjusts the retracement levels used. It also shows Fibonacci targets above and below price, optional moving averages, a weekly moving average and Bollinger Bands as confluence levels. Counts may change as bars form. Defaults: depth 2, 14 swings.
- Elliott Wave labelling
- Zig-zag depth optimiser
- Fibonacci targets above and below price
- Conservative, aggressive or auto correction mode
- Moving average and Bollinger confluence lines
Details
Published by
mikeyhu70 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ZigZag Depth (Base) | int | 2 | length |
| Step Size | int | 1 | step |
| Iterations | int | 6 | iterations |
| Lookback Swings (around 10 is optimal) | int | 14 | lookbackSwings |
| Strict EW Rules | bool | true | strictEW |
| Show Optimization Debug | bool | false | showOptDebug |
| Correction Mode | string | Auto | corrMode |
| Fibs Above Price | int | 3 | fibsAboveIn |
| Fibs Below Price | int | 3 | fibsBelowIn |
| Use Logarithmic Fibs (Match TV Log Chart) | bool | true | useLogScale |
| Fibonacci Label Offset (Bars) | int | 60 | fibOffsetBars |
| MA Color | color | color.white | colMA |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| BB Color | color | #FFB6C1 | colBB |
| Line Style | string | Dotted | confStyleIn |
| Label Size | string | Small | confLblSzIn |
| BB Label Offset (Bars) | int | 2 | bbOffsetBars |
| Show MA 1 | bool | true | showMA5 |
| Length | int | 5 | lenMA5 |
| Show MA 2 | bool | true | showMA10 |
| Length | int | 10 | lenMA10 |
| Show MA 3 | bool | true | showMA20 |
| Length | int | 20 | lenMA20 |
| Show MA 4 | bool | true | showMA55 |
| Length | int | 55 | lenMA55 |
| Show MA 5 | bool | true | showMA200 |
| Length | int | 200 | lenMA200 |
| Show Weekly MA | bool | true | showWMA40 |
| Length | int | 40 | lenWMA40 |
| Show Bollinger Bands | bool | true | showBB |
| Length | int | 20 | lenBB |
| Show Volume MA | bool | true | showVolMA |
| Length | int | 10 | lenVolMA |
| Color | color | color.gray | colVol |
| Vol Horizontal Offset | int | 2 | volHOffset |
| Vol Vertical Offset (ATR) | float | 2.0 | volVAtr |
| Show Wave Labels | bool | true | showWaves |
| Show Historical Waves | bool | false | showHist |
| Show Projections | bool | true | showProj |
| Show Dynamic Fib Targets | bool | true | showW5Fibs |
| Fib Target Label Size | string | Small | fibLblSzIn |
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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