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 v6 · On the chart
MTF Fibonacci + SMA Trend Direction
Combines a higher-timeframe Fibonacci level with fast and slow simple moving averages on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code171
Settings7inputs
LicenceNone stated
Last update2 months ago19 Aug 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 SMAs, 50 and 200 by default, give the trend direction. The script can mark breakout signals and pullback signals relative to the Fibonacci level, which defaults to 0.618 and is taken from a 4-hour timeframe unless changed. Switches turn the Fibonacci levels, breakout signals and pullback signals on or off. It is an indicator, so it plots signals but does not trade.
- Higher-timeframe Fibonacci level
- Fast and slow SMA trend filter
- Breakout signals
- Pullback signals
Details
Published by
didierdrin on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
M15-H1
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Fibonacci Levels | bool | true | show_fib_levels |
| Show Breakout Signals | bool | true | show_breakout |
| Show Pullback Signals | bool | true | show_pullback |
| Fibonacci Level | float | 0.618 | fib_level |
| Fast SMA Period | int | 50 | sma_fast |
| Slow SMA Period | int | 200 | sma_slow |
| Higher Timeframe (4H) | timeframe | 240 | htf_resolution |
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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