Indicator · Pine Script v5 · On the chart

3 Zigzag for MTF Fib Alert [MsF]

by WISEPLAT· code credited to Trader_Morry

This indicator calculates and plots up to three independent Zigzag lines on the price chart, each with its own customizable period and styling.

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GitHub stars2on the repository
Pine versionv5runs as is
Lines of code437
Settings38inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago20 Jun 2023

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

437 lines of Pine Script v5 from ZigZag - ishod/3 Zigzag for MTF Fib Alert [MsF] - 9.pine.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

3 Zigzag for MTF Fib Alert [MsF] - 9.pine.txt
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Trader_Morry

//@version=5
indicator(title='3 Zigzag for MTF Fib Alert [MsF]', shorttitle='3 ZigZag MTF Fib', overlay=true, max_bars_back = 5000)

////////
// Input values 
// [
var GRP1 = "--- Zigzag setting 1 ---"
prd1        = input.int(8, "Period", minval=1, step=1, group = GRP1)
upcol1      = input.color(defval = color.lime, title = "Up Color", group = GRP1)
dncol1      = input.color(defval = color.red, title = "Down Color", group = GRP1)
zz1style    = input.string(defval = "Dashed", title = "Line Style", options = ["Solid", "Dashed", "Dotted"], group = GRP1)
zz1width    = input.int(defval = 2, title = "Line Width", minval = 1, maxval = 4, group = GRP1)
cLeg1       = input.string(defval = "Previous", title = "Choice ZigZag Leg for Fib", options = ["Latest", "Previous", "N-Calculation"], group = GRP1)
showZZ1     = input.bool(defval = true, title = "Show Zigzag", group = GRP1, inline = "show")
showFIB1    = input.bool(defval = true, title = "Show Fib", group = GRP1, inline = "show")
var GRP2 = "--- Zigzag setting 2 ---"
prd2        = input.int(20, "Period", minval=1, step=1, group = GRP2)
upcol2      = input.color(defval = color.olive, title = "Up Color", group = GRP2)
dncol2      = input.color(defval = color.purple, title = "Down Color", group = GRP2)
zz2style    = input.string(defval = "Solid", title = "Line Style", options = ["Solid", "Dashed", "Dotted"], group = GRP2)
zz2width    = input.int(defval = 2, title = "Line Width", minval = 1, maxval = 4, group = GRP2)
cLeg2       = input.string(defval = "Latest", title = "Choice ZigZag Leg for Fib", options = ["Latest", "Previous"], group = GRP2)
showZZ2     = input.bool(defval = true, title = "Show Zigzag", group = GRP2, inline = "show")
showFIB2    = input.bool(defval = true, title = "Show Fib", group = GRP2, inline = "show")
showHL2     = input.bool(defval = false, title = "H.Line", group = GRP2, inline = "show")
fibolinecol2= input.color(defval=color.white, title = "", group = GRP2, inline = "show")
labelcol2   = fibolinecol2
var GRP3 = "--- Zigzag setting 3 ---"
prd3        = input.int(100, "Period", minval=1, step=1, group = GRP3)
upcol3      = input.color(defval = color.blue, title = "Up Color", group = GRP3)
dncol3      = input.color(defval = color.orange, title = "Down Color", group = GRP3)
zz3style    = input.string(defval = "Solid", title = "Line Style", options = ["Solid", "Dashed", "Dotted"], group = GRP3)
zz3width    = input.int(defval = 2, title = "Line Width", minval = 1, maxval = 4, group = GRP3)
cLeg3       = input.string(defval = "Latest", title = "Choice ZigZag Leg for Fib", options = ["Latest", "Previous"], group = GRP3)
showZZ3     = input.bool(defval = true, title = "Show Zigzag", group = GRP3, inline = "show")
showFIB3    = input.bool(defval = true, title = "Show Fib", group = GRP3, inline = "show")
showHL3     = input.bool(defval = false, title = "H.Line", group = GRP3, inline = "show")
fibolinecol3= input.color(defval=color.orange, title = "", group = GRP3, inline = "show")
labelcol3   = fibolinecol3
var GRP6 = "Zigzag Common setting"
plotZZ      = input.bool(defval = false, title = "Zigzag -> Plot", group = GRP6)
var GRP4 = "Fibonacci Common Color setting"
fbCol0000_0236 = input.color(defval = color.rgb(255, 0, 0, 80), title = "Fib Color 0000_0236", group = GRP4)
fbCol0236_0382 = input.color(defval = color.rgb(255, 152, 0, 80), title = "Fib Color 0236_0382", group = GRP4)
fbCol0382_0500 = input.color(defval = color.rgb(255, 235, 59, 80), title = "Fib Color 0382_0500", group = GRP4)
fbCol0500_0618 = input.color(defval = color.rgb(0, 230, 118, 80), title = "Fib Color 0500_0618", group = GRP4)
fbCol0618_0764 = input.color(defval = color.rgb(33, 150, 243, 80), title = "Fib Color 0618_0764", group = GRP4)
fbCol0764_1000 = input.color(defval = color.rgb(156, 39, 176, 80), title = "Fib Color 0764_1000", group = GRP4)
var GRP5 = "Horizontal Lines Common setting"
fiboLineStyle2 = input.string(defval = "Solid", title = "Style", options = ["Solid", "Dashed", "Dotted"], group = GRP5)
fibolinewidth2 = input.int(defval = 1, title = "Width", minval = 1, maxval = 4, group = GRP5)
labelloc2      = input.string(defval='Left', title='Label', options=['Left', 'Right'], group = GRP5)
fiboLineStyle3 = fiboLineStyle2
fibolinewidth3 = fibolinewidth2
labelloc3      = labelloc2
// ]

// Drawing Fibonacci Function
// [
var alertCode_1 = ""
var alertCode_2 = ""
var alertCode_3 = ""

drawing_Fibonacci(z, x, a_cnt) =>
    _range = x-z

    // Fibonacci value caluculation
    fib0000 = z
    fib0236 = z+_range*0.236
    fib0382 = z+_range*0.382
    fib0500 = z+_range*0.500
    fib0618 = z+_range*0.618
    fib0764 = z+_range*0.764
    fib1000 = x

    // Fibonacci position calculation
    x_begin = bar_index + 5 + (a_cnt * 20) 
    x_end   = bar_index + 20 + (a_cnt * 20) 

    // Drawing Fibonacci boxes
    b000_236 = box(na)
    if barstate.islast
        b000_236 := box.new(x_begin, fib0000, x_end, fib0236, bgcolor=fbCol0000_0236, border_color=fbCol0000_0236)
        box.delete(b000_236[1])

    b236_382 = box(na)
    if barstate.islast
        b236_382 := box.new(x_begin, fib0236, x_end, fib0382, bgcolor=fbCol0236_0382, border_color=fbCol0236_0382)
        box.delete(b236_382[1])

    b382_500 = box(na)
    if barstate.islast
        b382_500 := box.new(x_begin, fib0382, x_end, fib0500, bgcolor=fbCol0382_0500, border_color=fbCol0382_0500)
        box.delete(b382_500[1])

    b500_618 = box(na)
    if barstate.islast
        b500_618 := box.new(x_begin, fib0500, x_end, fib0618, bgcolor=fbCol0500_0618, border_color=fbCol0500_0618)
        box.delete(b500_618[1])

    b618_764 = box(na)
    if barstate.islast
        b618_764 := box.new(x_begin, fib0618, x_end, fib0764, bgcolor=fbCol0618_0764, border_color=fbCol0618_0764)
        box.delete(b618_764[1])

    b764_1000 = box(na)
    if barstate.islast
        b764_1000 := box.new(x_begin, fib0764, x_end, fib1000, bgcolor=fbCol0764_1000, border_color=fbCol0764_1000)
        box.delete(b764_1000[1])
    // ]
    // Noticification Judge
    // [
    alertCode = ""
    if (((fib0000 > close and fib0000 <= close[1]) or (fib0000 < close and fib0000 >= close[1])))
        alertCode := "fib0000"
    if (((fib0236 > close and fib0236 <= close[1]) or (fib0236 < close and fib0236 >= close[1])))
        alertCode := "fib0236"
    if (((fib0382 > close and fib0382 <= close[1]) or (fib0382 < close and fib0382 >= close[1])))
        alertCode := "fib0382"
    if (((fib0500 > close and fib0500 <= close[1]) or (fib0500 < close and fib0500 >= close[1])))
        alertCode := "fib0500"
    if (((fib0618 > close and fib0618 <= close[1]) or (fib0618 < close and fib0618 >= close[1])))
        alertCode := "fib0618"
    if (((fib0764 > close and fib0764 <= close[1]) or (fib0764 < close and fib0764 >= close[1])))
        alertCode := "fib0764"
    if (((fib1000 > close and fib1000 <= close[1]) or (fib1000 < close and fib1000 >= close[1])))
        alertCode := "fib1000"
    alertCode
    // ]
// ]

// Calculation zigzag
// [
float ph1 = ta.highestbars(high, prd1) == 0 ? high : na
float pl1 = ta.lowestbars(low, prd1) == 0 ? low : na
float ph2 = ta.highestbars(high, prd2) == 0 ? high : na
float pl2 = ta.lowestbars(low, prd2) == 0 ? low : na
float ph3 = ta.highestbars(high, prd3) == 0 ? high : na
float pl3 = ta.lowestbars(low, prd3) == 0 ? low : na

var dir1 = 0
var dir2 = 0
var dir3 = 0
iff_1 = pl1 and na(ph1) ? -1 : dir1
dir1 := ph1 and na(pl1) ? 1 : iff_1
iff_2 = pl2 and na(ph2) ? -1 : dir2
dir2 := ph2 and na(pl2) ? 1 : iff_2
iff_3 = pl3 and na(ph3) ? -1 : dir3
dir3 := ph3 and na(pl3) ? 1 : iff_3

var max_array_size = 10  // [5, 2] matrix
var zigzag1 = array.new_float(0)
var zigzag2 = array.new_float(0)
var zigzag3 = array.new_float(0)
var fib_zigzag1 = array.new_float(0)
var fib_zigzag2 = array.new_float(0)
var fib_zigzag3 = array.new_float(0)
oldzigzag1 = array.copy(zigzag1)
oldzigzag2 = array.copy(zigzag2)
oldzigzag3 = array.copy(zigzag3)

add_to_zigzag(pointer, value, bindex) =>
    array.unshift(pointer, bindex)
    array.unshift(pointer, value)
    if array.size(pointer) > max_array_size
        array.pop(pointer)
        array.pop(pointer)

update_zigzag(pointer, value, bindex, dir) =>
    if array.size(pointer) == 0
        add_to_zigzag(pointer, value, bindex)
    else
        if dir == 1 and value > array.get(pointer, 0) or dir == -1 and value < array.get(pointer, 0)
            array.set(pointer, 0, value)
            array.set(pointer, 1, bindex)
        0.

// Add for Fibonacci array -> [H, L, H, L,...]
add_to_fib_zigzag(pointer, value) =>
    array.unshift(pointer, value)
    if array.size(pointer) > max_array_size
        array.pop(pointer)

dir1changed = ta.change(dir1)
if ph1 or pl1
    if dir1changed
        add_to_zigzag(zigzag1, dir1 == 1 ? ph1 : pl1, bar_index)
    else
        update_zigzag(zigzag1, dir1 == 1 ? ph1 : pl1, bar_index, dir1)

dir2changed = ta.change(dir2)
if ph2 or pl2
    if dir2changed
        add_to_zigzag(zigzag2, dir2 == 1 ? ph2 : pl2, bar_index)
    else
        update_zigzag(zigzag2, dir2 == 1 ? ph2 : pl2, bar_index, dir2)

dir3changed = ta.change(dir3)
if ph2 or pl2 or pl3
    if dir3changed
        add_to_zigzag(zigzag3, dir3 == 1 ? ph3 : pl3, bar_index)
    else
        update_zigzag(zigzag3, dir3 == 1 ? ph3 : pl3, bar_index, dir3)

if array.size(zigzag1) >= 6
    var line zzline1 = na
    var label zzlabel1 = na
    if array.get(zigzag1, 0) != array.get(oldzigzag1, 0) or array.get(zigzag1, 1) != array.get(oldzigzag1, 1)
        if array.get(zigzag1, 2) == array.get(oldzigzag1, 2) and array.get(zigzag1, 3) == array.get(oldzigzag1, 3)
            line.delete(zzline1)
            label.delete(zzlabel1)
        if showZZ1
            zzline1 := line.new(x1=math.round(array.get(zigzag1, 1)), y1=array.get(zigzag1, 0), x2=math.round(array.get(zigzag1, 3)), y2=array.get(zigzag1, 2), color=plotZZ?color.rgb(255,255,255,100):dir1 == 1 ? upcol1 : dncol1, width=zz1width, style=zz1style == 'Dashed' ? line.style_dashed : (zz1style == 'Dotted') ? line.style_dotted : line.style_solid)
            zzline1
            zzlabel1 := plotZZ?label.new(x=math.round(array.get(zigzag1, 1)), y=array.get(zigzag1, 0), yloc=dir1==1?yloc.abovebar:yloc.belowbar, color=dir1 == 1 ? upcol1 : dncol1, size=size.tiny, style = label.style_circle):na
        if showFIB1
            if cLeg1 == "Latest"
                add_to_fib_zigzag(fib_zigzag1, array.get(zigzag1, 0))
                add_to_fib_zigzag(fib_zigzag1, array.get(zigzag1, 2))
            else if cLeg1 == "Previous"
                if line.get_y1(zzline1[1]) > 0
                    add_to_fib_zigzag(fib_zigzag1, line.get_y1(zzline1[1]))
            else // N-Caluculation
                if line.get_y1(zzline1[1]) > 0
                    add_to_fib_zigzag(fib_zigzag1, line.get_y1(zzline1[1]))
                    add_to_fib_zigzag(fib_zigzag1, line.get_y2(zzline1[1]))

// Drawing Fibonacci 1
if array.size(fib_zigzag1) >= 2
    if cLeg1 == "N-Calculation" and array.size(fib_zigzag1) >= 4
        if array.get(fib_zigzag1, 0) > 0 and array.get(fib_zigzag1, 1) > 0 and array.get(fib_zigzag1, 2) > 0 and array.get(fib_zigzag1, 3) > 0
            if dir1 == 1    // Up trend
                y1 = array.get(fib_zigzag1, 1)
                y2 = array.get(fib_zigzag1, 1)-array.get(fib_zigzag1, 2)+array.get(fib_zigzag1, 0)
                alertCode_1 := drawing_Fibonacci(y1, y2, 0)
            else            // Down trend
                y1 = array.get(fib_zigzag1, 1)
                y2 = array.get(fib_zigzag1, 1)-array.get(fib_zigzag1, 2)+array.get(fib_zigzag1, 0)
                alertCode_1 := drawing_Fibonacci(y1, y2, 0)
    else
        alertCode_1 := drawing_Fibonacci(array.get(fib_zigzag1, 0), array.get(fib_zigzag1, 1), 0)

if array.size(zigzag2) >= 6
    var line zzline2 = na
    var label zzlabel2 = na
    if array.get(zigzag2, 0) != array.get(oldzigzag2, 0) or array.get(zigzag2, 1) != array.get(oldzigzag2, 1)
        if array.get(zigzag2, 2) == array.get(oldzigzag2, 2) and array.get(zigzag2, 3) == array.get(oldzigzag2, 3)
            line.delete(zzline2)
            label.delete(zzlabel2)
        if showZZ2
            zzline2 := line.new(x1=math.round(array.get(zigzag2, 1)), y1=array.get(zigzag2, 0), x2=math.round(array.get(zigzag2, 3)), y2=array.get(zigzag2, 2), color=plotZZ?color.rgb(255,255,255,100):dir2 == 1 ? upcol2 : dncol2, width=zz2width, style=zz2style == 'Dashed' ? line.style_dashed : (zz2style == 'Dotted') ? line.style_dotted : line.style_solid)
            zzline2
            zzlabel2 := plotZZ?label.new(x=math.round(array.get(zigzag2, 1)), y=array.get(zigzag2, 0), yloc=dir2==1?yloc.abovebar:yloc.belowbar, color=dir2 == 1 ? upcol2 : dncol2, size=size.small, style = label.style_circle):na
        if showFIB2
            if cLeg2 == "Latest"
                add_to_fib_zigzag(fib_zigzag2, array.get(zigzag2, 0))
                add_to_fib_zigzag(fib_zigzag2, array.get(zigzag2, 2))
            else
                if line.get_y1(zzline2[1]) > 0
                    add_to_fib_zigzag(fib_zigzag2, line.get_y1(zzline2[1]))

// Drawing Fibonacci 2
if array.size(fib_zigzag2) >= 2
    alertCode_2 := drawing_Fibonacci(array.get(fib_zigzag2, 0), array.get(fib_zigzag2, 1), 1)

// Drawing Horizontal Line 2
// -------------------------------------------------------------------------------
var fibo_ratios = array.new_float(0)
shownlevels = 1
if barstate.isfirst
    array.push(fibo_ratios, 0.0)    
    array.push(fibo_ratios, 1.0)    
// -------------------------------------------------------------------------------
var fibolinesPrev2 = array.new_line(0)
var fibolabelsPrev2 = array.new_label(0)
var fibolinesLatest2 = array.new_line(0)
var fibolabelsLatest2 = array.new_label(0)
// -------------------------------------------------------------------------------
if cLeg2 != "Latest" and showHL2 and showFIB2 and array.size(zigzag2) >= 6 and barstate.islast
    if array.size(fibolinesPrev2) > 0
        for x = 0 to array.size(fibolinesPrev2) - 1 by 1
            line.delete(array.get(fibolinesPrev2, x))
            label.delete(array.get(fibolabelsPrev2, x))
    if array.size(fibolinesPrev2) > 0
        for x = 0 to array.size(fibolinesPrev2) - 1 by 1
            line.delete(array.get(fibolinesPrev2, x))
            label.delete(array.get(fibolabelsPrev2, x))

    diff = array.get(zigzag2, 4) - array.get(zigzag2, 2)
    stopit = false
    for x = 0 to array.size(fibo_ratios) - 1 by 1
        if stopit and x > shownlevels
            break
        array.unshift(fibolinesPrev2, line.new(x1=math.round(array.get(zigzag2, 5)), y1=array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x), x2=bar_index, y2=array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x), color=fibolinecol2, extend=extend.right, style=fiboLineStyle2 == 'Dashed' ? line.style_dashed : (zz1style == 'Dotted') ? line.style_dotted : line.style_solid, width=fibolinewidth2))
        label_x_loc = labelloc2 == 'Left' ? math.round(array.get(zigzag2, 5)) - 1 : bar_index + 15
//        array.unshift(fibolabelsPrev2, label.new(x=label_x_loc, y=array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x), text=str.tostring(array.get(fibo_ratios, x), '#.###') + '(' + str.tostring(math.round_to_mintick(array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x))) + ')', textcolor=labelcol2, style=label.style_none))
        array.unshift(fibolabelsPrev2, label.new(x=label_x_loc, y=array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x), text=str.tostring(math.round_to_mintick(array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x))) , textcolor=labelcol2, style=label.style_none))
        if dir2 == 1 and array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x) > array.get(zigzag2, 0) or dir2 == -1 and array.get(zigzag2, 2) + diff * array.get(fibo_ratios, x) < array.get(zigzag2, 0)
            stopit := true
            stopit
// Addition to © LonesomeTheBlue origial code ------------------------------------
if cLeg2 == "Latest" and showHL2 and showFIB2 and array.size(zigzag2) >= 6 and barstate.islast
    if array.size(fibolinesLatest2) > 0
        for x = 0 to array.size(fibolinesLatest2) - 1 by 1
            line.delete(array.get(fibolinesLatest2, x))
            label.delete(array.get(fibolabelsLatest2, x))
    if array.size(fibolinesLatest2) > 0
        for x = 0 to array.size(fibolinesLatest2) - 1 by 1
            line.delete(array.get(fibolinesLatest2, x))
            label.delete(array.get(fibolabelsLatest2, x))

    diff2 = array.get(zigzag2, 0) - array.get(zigzag2, 2)
    stopit2 = false
    for x = 0 to array.size(fibo_ratios) - 1 by 1
        if stopit2 and x > shownlevels
            break
        array.unshift(fibolinesLatest2, line.new(x1=math.round(array.get(zigzag2, 3)), y1=array.get(zigzag2, 2) + diff2 * (1-array.get(fibo_ratios, x)), x2=bar_index, y2=array.get(zigzag2, 2) + diff2 * (1-array.get(fibo_ratios, x)), color=fibolinecol2, extend=extend.right, style=fiboLineStyle2 == 'Dashed' ? line.style_dashed : (zz1style == 'Dotted') ? line.style_dotted : line.style_solid, width=fibolinewidth2))
        label_x_loc2 = labelloc2 == 'Left' ? math.round(array.get(zigzag2, 3)) - 1 : bar_index + 15
//        array.unshift(fibolabelsLatest2, label.new(x=label_x_loc2, y=array.get(zigzag2, 2) + diff2 * (1-array.get(fibo_ratios, x)), text=str.tostring(array.get(fibo_ratios, x), '#.###') + '(' + str.tostring(math.round_to_mintick(array.get(zigzag2, 2) + diff2 * (1-array.get(fibo_ratios, x)))) + ')', textcolor=labelcol2, style=label.style_none))
        array.unshift(fibolabelsLatest2, label.new(x=label_x_loc2, y=array.get(zigzag2, 2) + diff2 * (1-array.get(fibo_ratios, x)), text=str.tostring(math.round_to_mintick(array.get(zigzag2, 2) + diff2 * (1-array.get(fibo_ratios, x)))) , textcolor=labelcol2, style=label.style_none))
        if dir2 == 1 and array.get(zigzag2, 2) + diff2 * array.get(fibo_ratios, x) > array.get(zigzag2, 0) or dir2 == -1 and array.get(zigzag2, 2) + diff2 * array.get(fibo_ratios, x) < array.get(zigzag2, 0)
            stopit2 := true
            stopit2
// -------------------------------------------------------------------------------



if array.size(zigzag3) >= 6
    var line zzline3 = na
    var label zzlabel3 = na
    if array.get(zigzag3, 0) != array.get(oldzigzag3, 0) or array.get(zigzag3, 1) != array.get(oldzigzag3, 1)
        if array.get(zigzag3, 2) == array.get(oldzigzag3, 2) and array.get(zigzag3, 3) == array.get(oldzigzag3, 3)
            line.delete(zzline3)
            label.delete(zzlabel3)
        if showZZ3
            zzline3 := line.new(x1=math.round(array.get(zigzag3, 1)), y1=array.get(zigzag3, 0), x2=math.round(array.get(zigzag3, 3)), y2=array.get(zigzag3, 2), color=plotZZ?color.rgb(255,255,255,100):dir3 == 1 ? upcol3 : dncol3, width=zz3width, style=zz3style == 'Dashed' ? line.style_dashed : (zz3style == 'Dotted') ? line.style_dotted : line.style_solid)
            zzline3
            zzlabel3 := plotZZ?label.new(x=math.round(array.get(zigzag3, 1)), y=array.get(zigzag3, 0), yloc=dir3==1?yloc.abovebar:yloc.belowbar, color=dir3 == 1 ? upcol3 : dncol3, size=size.normal, style = label.style_circle):na
        if showFIB3
            if cLeg3 == "Latest"
                add_to_fib_zigzag(fib_zigzag3, array.get(zigzag3, 0))
                add_to_fib_zigzag(fib_zigzag3, array.get(zigzag3, 2))
            else
                if line.get_y1(zzline3[1]) > 0
                    add_to_fib_zigzag(fib_zigzag3, line.get_y1(zzline3[1]))

// Drawing Fibonacci 3
if array.size(fib_zigzag3) >= 2
    alertCode_3 := drawing_Fibonacci(array.get(fib_zigzag3, 0), array.get(fib_zigzag3, 1), 2)
// ]

// Drawing Horizontal Line 3
// -------------------------------------------------------------------------------
var fibolinesPrev3 = array.new_line(0)
var fibolabelsPrev3 = array.new_label(0)
var fibolinesLatest3 = array.new_line(0)
var fibolabelsLatest3 = array.new_label(0)
// -------------------------------------------------------------------------------
if cLeg3 != "Latest" and showHL3 and showFIB3 and array.size(zigzag3) >= 6 and barstate.islast
    if array.size(fibolinesPrev3) > 0
        for x = 0 to array.size(fibolinesPrev3) - 1 by 1
            line.delete(array.get(fibolinesPrev3, x))
            label.delete(array.get(fibolabelsPrev3, x))
    if array.size(fibolinesPrev3) > 0
        for x = 0 to array.size(fibolinesPrev3) - 1 by 1
            line.delete(array.get(fibolinesPrev3, x))
            label.delete(array.get(fibolabelsPrev3, x))

    diff = array.get(zigzag3, 4) - array.get(zigzag3, 2)
    stopit = false
    for x = 0 to array.size(fibo_ratios) - 1 by 1
        if stopit and x > shownlevels
            break
        array.unshift(fibolinesPrev3, line.new(x1=math.round(array.get(zigzag3, 5)), y1=array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x), x2=bar_index, y2=array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x), color=fibolinecol3, extend=extend.right, style=fiboLineStyle3 == 'Dashed' ? line.style_dashed : (zz1style == 'Dotted') ? line.style_dotted : line.style_solid, width=fibolinewidth3))
        label_x_loc = labelloc3 == 'Left' ? math.round(array.get(zigzag3, 5)) - 1 : bar_index + 15
//        array.unshift(fibolabelsPrev3, label.new(x=label_x_loc, y=array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x), text=str.tostring(array.get(fibo_ratios, x), '#.###') + '(' + str.tostring(math.round_to_mintick(array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x))) + ')', textcolor=labelcol3, style=label.style_none))
        array.unshift(fibolabelsPrev3, label.new(x=label_x_loc, y=array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x), text=str.tostring(math.round_to_mintick(array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x))) , textcolor=labelcol3, style=label.style_none))
        if dir3 == 1 and array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x) > array.get(zigzag3, 0) or dir3 == -1 and array.get(zigzag3, 2) + diff * array.get(fibo_ratios, x) < array.get(zigzag3, 0)
            stopit := true
            stopit
// Addition to © LonesomeTheBlue origial code ------------------------------------
if cLeg3 == "Latest" and showHL3 and showFIB3 and array.size(zigzag3) >= 6 and barstate.islast
    if array.size(fibolinesLatest3) > 0
        for x = 0 to array.size(fibolinesLatest3) - 1 by 1
            line.delete(array.get(fibolinesLatest3, x))
            label.delete(array.get(fibolabelsLatest3, x))
    if array.size(fibolinesLatest3) > 0
        for x = 0 to array.size(fibolinesLatest3) - 1 by 1
            line.delete(array.get(fibolinesLatest3, x))
            label.delete(array.get(fibolabelsLatest3, x))

    diff2 = array.get(zigzag3, 0) - array.get(zigzag3, 2)
    stopit2 = false
    for x = 0 to array.size(fibo_ratios) - 1 by 1
        if stopit2 and x > shownlevels
            break
        array.unshift(fibolinesLatest3, line.new(x1=math.round(array.get(zigzag3, 3)), y1=array.get(zigzag3, 2) + diff2 * (1-array.get(fibo_ratios, x)), x2=bar_index, y2=array.get(zigzag3, 2) + diff2 * (1-array.get(fibo_ratios, x)), color=fibolinecol3, extend=extend.right, style=fiboLineStyle3 == 'Dashed' ? line.style_dashed : (zz1style == 'Dotted') ? line.style_dotted : line.style_solid, width=fibolinewidth3))
        label_x_loc2 = labelloc3 == 'Left' ? math.round(array.get(zigzag3, 3)) - 1 : bar_index + 15
//        array.unshift(fibolabelsLatest3, label.new(x=label_x_loc2, y=array.get(zigzag3, 2) + diff2 * (1-array.get(fibo_ratios, x)), text=str.tostring(array.get(fibo_ratios, x), '#.###') + '(' + str.tostring(math.round_to_mintick(array.get(zigzag3, 2) + diff2 * (1-array.get(fibo_ratios, x)))) + ')', textcolor=labelcol3, style=label.style_none))
        array.unshift(fibolabelsLatest3, label.new(x=label_x_loc2, y=array.get(zigzag3, 2) + diff2 * (1-array.get(fibo_ratios, x)), text=str.tostring(math.round_to_mintick(array.get(zigzag3, 2) + diff2 * (1-array.get(fibo_ratios, x)))) , textcolor=labelcol3, style=label.style_none))
        if dir3 == 1 and array.get(zigzag3, 2) + diff2 * array.get(fibo_ratios, x) > array.get(zigzag3, 0) or dir3 == -1 and array.get(zigzag3, 2) + diff2 * array.get(fibo_ratios, x) < array.get(zigzag3, 0)
            stopit2 := true
            stopit2
// -------------------------------------------------------------------------------



// ]
// Fibonacci Notification
// [
alertcondition(alertCode_1 == "fib0000" , "Fib 1 - Crossing 0.00", "Fib 1 Crossing 0.00")
alertcondition(alertCode_1 == "fib0236" , "Fib 1 - Crossing 23.6", "Fib 1 Crossing 23.6")
alertcondition(alertCode_1 == "fib0382" , "Fib 1 - Crossing 38.2", "Fib 1 Crossing 38.2")
alertcondition(alertCode_1 == "fib0500" , "Fib 1 - Crossing 50.0", "Fib 1 Crossing 50.0")
alertcondition(alertCode_1 == "fib0618" , "Fib 1 - Crossing 61.8", "Fib 1 Crossing 61.8")
alertcondition(alertCode_1 == "fib0764" , "Fib 1 - Crossing 76.4", "Fib 1 Crossing 76.4")
alertcondition(alertCode_1 == "fib1000" , "Fib 1 - Crossing 100.0", "Fib 1 Crossing 100.0")

alertcondition(alertCode_2 == "fib0000" , "Fib 2 - Crossing 0.00", "Fib 2 Crossing 0.00")
alertcondition(alertCode_2 == "fib0236" , "Fib 2 - Crossing 23.6", "Fib 2 Crossing 23.6")
alertcondition(alertCode_2 == "fib0382" , "Fib 2 - Crossing 38.2", "Fib 2 Crossing 38.2")
alertcondition(alertCode_2 == "fib0500" , "Fib 2 - Crossing 50.0", "Fib 2 Crossing 50.0")
alertcondition(alertCode_2 == "fib0618" , "Fib 2 - Crossing 61.8", "Fib 2 Crossing 61.8")
alertcondition(alertCode_2 == "fib0764" , "Fib 2 - Crossing 76.4", "Fib 2 Crossing 76.4")
alertcondition(alertCode_2 == "fib1000" , "Fib 2 - Crossing 100.0", "Fib 2 Crossing 100.0")

alertcondition(alertCode_3 == "fib0000" , "Fib 3 - Crossing 0.00", "Fib 3 Crossing 0.00")
alertcondition(alertCode_3 == "fib0236" , "Fib 3 - Crossing 23.6", "Fib 3 Crossing 23.6")
alertcondition(alertCode_3 == "fib0382" , "Fib 3 - Crossing 38.2", "Fib 3 Crossing 38.2")
alertcondition(alertCode_3 == "fib0500" , "Fib 3 - Crossing 50.0", "Fib 3 Crossing 50.0")
alertcondition(alertCode_3 == "fib0618" , "Fib 3 - Crossing 61.8", "Fib 3 Crossing 61.8")
alertcondition(alertCode_3 == "fib0764" , "Fib 3 - Crossing 76.4", "Fib 3 Crossing 76.4")
alertcondition(alertCode_3 == "fib1000" , "Fib 3 - Crossing 100.0", "Fib 3 Crossing 100.0")
// ]

Overview

3 Zigzag for MTF Fib Alert [MsF] automatically generates Fibonacci retracement levels based on user-selected Zigzag legs, such as the latest or previous pivot swing. Input options allow customization of periods, line styles, colors, and visibility toggles for both Zigzag lines and Fibonacci overlays. Because it relies on Zigzag pivot points, lines and Fibonacci retracements repaint dynamically as new market extremes develop.

Details

Published by

WISEPLAT on GitHub

Code credit

Trader_Morry, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Support & resistance, Trend

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Periodint8prd1
Up Colorcolorcolor.limeupcol1
Down Colorcolorcolor.reddncol1
Line StylestringDashedzz1style
Line Widthint2zz1width
Choice ZigZag Leg for FibstringPreviouscLeg1
Show ZigzagbooltrueshowZZ1
Show FibbooltrueshowFIB1
Periodint20prd2
Up Colorcolorcolor.oliveupcol2
Down Colorcolorcolor.purpledncol2
Line StylestringSolidzz2style
Show all 38 settings
SettingTypeDefaultVariable
Line Widthint2zz2width
Choice ZigZag Leg for FibstringLatestcLeg2
Show ZigzagbooltrueshowZZ2
Show FibbooltrueshowFIB2
H.LineboolfalseshowHL2
fibolinecol2colorcolor.whitefibolinecol2
Periodint100prd3
Up Colorcolorcolor.blueupcol3
Down Colorcolorcolor.orangedncol3
Line StylestringSolidzz3style
Line Widthint2zz3width
Choice ZigZag Leg for FibstringLatestcLeg3
Show ZigzagbooltrueshowZZ3
Show FibbooltrueshowFIB3
H.LineboolfalseshowHL3
fibolinecol3colorcolor.orangefibolinecol3
Zigzag -> PlotboolfalseplotZZ
Fib Color 0000_0236colorcolor.rgb(255, 0, 0, 80)fbCol0000_0236
Fib Color 0236_0382colorcolor.rgb(255, 152, 0, 80)fbCol0236_0382
Fib Color 0382_0500colorcolor.rgb(255, 235, 59, 80)fbCol0382_0500
Fib Color 0500_0618colorcolor.rgb(0, 230, 118, 80)fbCol0500_0618
Fib Color 0618_0764colorcolor.rgb(33, 150, 243, 80)fbCol0618_0764
Fib Color 0764_1000colorcolor.rgb(156, 39, 176, 80)fbCol0764_1000
StylestringSolidfiboLineStyle2
Widthint1fibolinewidth2
LabelstringLeftlabelloc2
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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