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
Each is twice a moving average minus the close, using Fibonacci lengths from 8 to 144 and a selectable EMA, SMA or WMA type, with coloured fills between neighbouring lines that can be switched off. It also measures the gap between the fastest and slowest averages scaled by relative volume, and has a trend section using ADX thresholds and an optional higher-timeframe confirmation. The excerpt does not show how the final trend output is displayed.
Seven mirrored Fibonacci-length moving average lines
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MA Type
string
EMA
maType
Show Symmetric Zones
bool
true
showZones
ADX Period
int
14
adxLen
ADX Strong Trend Threshold
float
25.0
adxStrong
ADX Trend Existence Threshold
float
20.0
adxTrend
HTF Confirmation
bool
true
useHTF
HTF Timeframe
timeframe
D
htfTF
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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