Sideway Zones Live is an overlay indicator that estimates inner and outer sideways bands from recent highs and lows with a rational quadratic kernel. It tracks swing pivots over a loopback period and counts bars that remain between the outer high and low. Afte
Indicator · Pine Script v4 · On the chart
Accurate Swing Trading System
This indicator tracks swing highs and swing lows to generate trend-following trailing stop levels on the price chart.
GitHub stars8on the repository
Pine versionv4older, still runs
Lines of code29
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago20 Aug 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
29 lines of Pine Script v4 from TradingView/Accurate Swing Trading.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// c ceyhun
//@version=4
study("Accurate Swing Trading System",overlay=true)
no=input(3,title="Swing")
Barcolor=input(true,title="Barcolor")
Bgcolor=input(false,title="Bgcolor")
res=highest(high,no)
sup=lowest(low,no)
avd=iff(close>res[1],1,iff(close<sup[1],-1,0))
avn=valuewhen(avd!=0,avd,0)
tsl=iff(avn==1,sup,res)
Buy=crossover(close,tsl)
Sell=crossunder(close,tsl)
plotshape(Buy,"BUY", shape.labelup, location.belowbar, color.green, text="BUY",textcolor=color.black)
plotshape(Sell,"SELL", shape.labeldown, location.abovebar, color.red, text="SELL",textcolor=color.black)
colr = close>=tsl ? color.green : close<=tsl ? color.red : na
plot(tsl, color=colr, linewidth=3, title="TSL")
barcolor(Barcolor ? colr : na)
bgcolor(Bgcolor ? colr :na)
alertcondition(Buy, title="Buy Signal", message="Buy")
alertcondition(Sell, title="Sell Signal", message="Sell")
Overview
When the closing price breaks above the previous swing high, the system establishes a bullish state using the recent swing low as a trailing stop. Conversely, a break below the swing low sets a bearish state using the swing high. The script plots Buy and Sell signal labels, colors price bars and background optionally, and includes alert conditions.
- Trailing stop level based on swing highs and lows
- Buy and sell breakout labels
- Configurable swing lookback length
- Optional bar and background coloring
Details
Published by
PipC on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Breakout, Support & resistance
Markets
Any symbol
Timeframes
H4 and above, M15-H1
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 |
|---|---|---|---|
| Swing | int | 3 | no |
| Barcolor | bool | true | Barcolor |
| Bgcolor | bool | false | Bgcolor |
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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