by 
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
Value Zones
Value Zones plots a 200-week simple moving average that is further smoothed with a 20-period exponential moving average, then draws fixed multiples of that average on the price chart.
GitHub stars3on the repository
Pine versionv6current
Lines of code50
Settings0inputs
LicenceCustom licence
Last update11 months ago29 Nov 2025
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
Zones are filled and labeled from the average itself through one-and-a-half, two, and two-and-a-half times the average, plus a hidden upper bound used for the top fill. Text labels appear only on the last bar, shifted to the right. There are no user inputs, alerts, or trade signals.
- Smoothed 200-week simple moving average
- Fixed multiples of the weekly average
- Colored fills between value zones
- Last-bar labels shifted to the right
Details
Published by
LucasRibeiroCaetano on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Moving averages, 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.
File
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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