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 v6 · On the chart
Shved Supply and Demand
This indicator draws support and resistance supply and demand zones on the price chart.
GitHub stars6on the repository
Pine versionv6current
Lines of code707
Settings28inputs
LicenceNone stated
Last update7 months ago16 Mar 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
Shved Supply and Demand classifies zones as weak, untested, verified, proven, or broken, and can merge overlapping zones, extend them forward, and label them with retest counts. The ATR factor sets zone thickness, fractal fast and slow factors affect zone detection, and the back limit and max zones cap how far back and how many zones are shown. Optional alerts fire when price enters a zone. It is not a strategy and has no entry, exit, or stop rules.
- Support and resistance zone boxes
- Weak, untested, verified, proven, and broken states
- Zone merge and forward extension
- ATR and fractal sizing factors
- Zone entry alerts and info labels
Details
Published by
alboogycOdR on GitHub
Type
Indicator, Pine Script v6
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Back Limit | int | 500 | backLimit |
| Show Weak Zones | bool | false | zone_show_weak |
| Show Untested Zones | bool | true | zone_show_untested |
| Show Broken Zones | bool | true | zone_show_turncoat |
| Zone ATR Factor | float | 0.75 | zone_fuzzfactor |
| Zone Merge | bool | true | zone_merge |
| Zone Extend | bool | true | zone_extend |
| Max Zones | int | 100 | max_zones |
| Fractal Fast Factor | float | 3.0 | fractal_fast_factor |
| Fractal Slow Factor | float | 6.0 | fractal_slow_factor |
| Trigger Alert When Entering Zone | bool | false | zone_show_alerts |
| Fill Zone with Color | bool | true | zone_solid |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Zone Border Width | int | 1 | zone_linewidth |
| Show Info Labels | bool | true | zone_show_info |
| Support Name | string | Sup | sup_name |
| Resistance Name | string | Res | res_name |
| Retest Name | string | Retests | test_name |
| Text Size | string | small | text_size_str |
| Weak Support | color | color.new(#2F4F4F, 50) | color_support_weak |
| Untested Support | color | color.new(#2E8B57, 50) | color_support_untested |
| Verified Support | color | color.new(#008000, 50) | color_support_verified |
| Proven Support | color | color.new(#32CD32, 50) | color_support_proven |
| Broken Support | color | color.new(#6B8E23, 50) | color_support_turncoat |
| Weak Resistance | color | color.new(#4B0082, 50) | color_resist_weak |
| Untested Resistance | color | color.new(#DA70D6, 50) | color_resist_untested |
| Verified Resistance | color | color.new(#DC143C, 50) | color_resist_verified |
| Proven Resistance | color | color.new(#FF0000, 50) | color_resist_proven |
| Broken Resistance | color | color.new(#FF8C00, 50) | color_resist_turncoat |
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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