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 v5 · On the chart
Symmetric Oscillation Around Base (MA/HH/LL/Mid)
Calculates a central base line directly on the price chart using a chosen reference, such as a moving average, highest high, lowest low, or range midpoint across a customizable period.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code98
Settings11inputs
LicenceNone stated
Last update7 weeks ago6 Sep 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
Starting at a user-defined timestamp and anchored by two target price levels, the indicator generates dynamic upper and lower symmetric oscillating envelope lines around the base line. These boundary lines contract and expand in a triangular wave cycle based on the movement distance of the base line. Settings allow customization of moving average types, length multipliers, divergence factors, and reference level inputs.
- Multiple base line options including MA, Highest High, Lowest Low, and Midpoint
- Dynamic symmetric upper and lower oscillating envelope lines
- Interactive price level selections and timestamp activation trigger
- Custom moving average smoothing types including SMA, EMA, WMA, and RMA
Details
Published by
morindok on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Support & resistance, Trend
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 |
|---|---|---|---|
| Source | source | close | src |
| Base Line Type | string | MA | baseType |
| Length | int | 100 | baseLen |
| Length Multiplier | float | 1.0 | maLenMultiplier |
| MA Type (if MA selected) | string | EMA | maType |
| Level 1 | price | 0.0 | level1 |
| Level 2 | price | 0.0 | level2 |
| Start Time | time | timestamp("2024-01-01 09:00 +0000") | startTime |
| Divergence Multiplier | float | 1.0 | divergenceMultiplier |
| Show Levels | bool | true | showLevels |
| Show Start Marker | bool | true | showStartMarker |
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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