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
Moving Average Channel 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. Users set different sources, lengths, and offsets for each band. The script draws directly on the price chart as an overlay.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Upper Source
source
high
upperSrc
Upper Length
int
20
upperLength
Upper Offset
int
0
upperOffset
Lower Source
source
low
lowerSrc
Lower Length
int
20
lowerLength
Lower Offset
int
0
lowerOffset
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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