This overlay indicator draws a fixed-range volume profile on the price chart, splitting traded activity into up and down volume at each price level. It also plots a sentiment profile, a developing point of control, and value-area high and low around a configur
Indicator · Pine Script v5 · On the chart
Parallel Lines Live{Morindok} by BITMOON618
This overlay indicator builds a geometric grid of parallel price levels from powers of a small phi-style ratio.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code174
Settings4inputs
LicenceNone stated
Last update7 weeks ago6 Sep 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 grid expansion input widens or tightens that spacing. On historical and confirmed bars it counts touches, bullish and bearish closes, volume, and wick rejections around each level. Separate weights for price action, volume, and rejection are normalized to sum to one for a probability model. Unconfirmed live bars are left out of the update. The supplied code ends before any line-drawing or label logic.
- Phi-ratio geometric price grid
- Touch, close, volume and rejection maps
- Normalized price action, volume and rejection weights
- Updates only on confirmed bars
- Price chart overlay
Details
Published by
morindok on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance, Volume
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 |
|---|---|---|---|
| ضریب گسترش شبکه | float | 1.0 | i_step_mult |
| وزن فاکتور پرایس اکشن | float | 0.4 | i_w_pa |
| وزن فاکتور حجم معاملات | float | 0.4 | i_w_vol |
| وزن فاکتور ریجکت (سایهها) | float | 0.2 | i_w_rej |
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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