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 v5 · On the chart
Swing Points
Calculates and identifies local swing highs and swing lows on the main price chart based on a configurable lookback length.
GitHub stars6on the repository
Pine versionv5runs as is
Lines of code132
Settings16inputs
LicenceNone stated
Last update2 years ago28 May 2024
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 indicator marks identified pivots with customizable labels and shapes, and can project horizontal lines across the chart from pivot levels. Users can configure options to auto-delete or change the style of horizontal lines once price crosses a pivot level, as well as set the maximum number of displayed swing points.
- Configurable pivot detection length
- Customizable swing high and low markers
- Optional horizontal pivot level lines
- Option to clear or re-style crossed pivot lines
Details
Published by
eonfutures on GitHub
Type
Indicator, Pine Script v5
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 |
|---|---|---|---|
| Length | int | 2 | len |
| Maximum Points Displayed | int | 10 | point_max |
| High | bool | true | show_high |
| Low | bool | true | show_low |
| Lines | bool | false | show_lines |
| High | bool | true | del_high |
| Low | bool | true | del_low |
| High | color | color.new(color.white, 25) | color_high |
| style_high_option | string | Triangle down (▼) | style_high_option |
| Low | color | color.new(color.white, 25) | color_low |
| style_low_option | string | Triangle up (▲) | style_low_option |
| High | color | color.new(color.white, 25) | line_high_color |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| line_high_style_option | string | solid (─) | line_high_style_option |
| Low | color | color.new(color.white, 25) | line_low_color |
| line_low_style_option | string | solid (─) | line_low_style_option |
| Crossed Line | string | dotted (┈) | line_crossed_style_option |
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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