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 v4 · On the chart
Rolling Midpoints
This indicator calculates central tendencies and intermediate channel bounds over a configurable lookback period and plots them directly on the price chart.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code35
Settings4inputs
LicenceNone stated
Last update8 months ago21 Feb 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
Users can select the central basis measure from mid-range, simple moving average mean, or 50th percentile median. Based on the selected central line, it computes higher and lower midpoints relative to the rolling maximum and minimum price levels. Optional logarithmic calculation space allows for accurate percentage-based scaling on volatile assets.
- Configurable basis calculation mode (mid-range, mean, median)
- Higher and lower intermediate midpoint channel lines
- Logarithmic space calculation option
- Overlay plots directly on the price chart
Details
Published by
gorx1 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Support & resistance, Moving averages
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 |
|---|---|---|---|
| length | int | 50 | length |
| source | source | close | source |
| Basis | string | Mid-range | mode |
| Log-space | bool | false | ls |
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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