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
My Script
This is a simple Pine Script v4 indicator that overlays elements directly onto the main price chart.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code3
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
3 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-essential-drawings-06.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("My Script", overlay=true)
label.new(bar_index+100, high)
Overview
My Script demonstrates basic label creation by placing a label at bar_index plus 100 positioned at the current high price level. No calculations or calculations are performed, making it a pure visualization example drawn from TradingView documentation. The label serves to mark or annotate a point on the chart for educational purposes. It requires no input settings and runs with default behavior on any chart timeframe.
- Label.new
- bar_index+100
- overlay=true
- high price
- TradingView example
Details
Published by
be-thomas 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.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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