An overlay indicator that fits a polynomial of chosen degree, from 0 to 8, to the most recent bars of a selected price source and draws the fitted curve with line segments.
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 curve is extended a set number of bars into the future in a separate color, and segments are colored by direction. A lock option freezes the forecast. The fit is recomputed on the latest bar, so the curve and its projection change as new bars arrive.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
length
int
100
length
extrapolate
int
10
extrapolate
Polynomial Degree
int
3
degree
src
source
close
src
Lock Forecast
bool
false
lock
Upward Color
color
#0cb51a
up_css
Downward Color
color
#ff1100
dn_css
Extrapolation Color
color
#ff5d00
ex_css
Width
int
1
width
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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