Depth sets how many bars define a pivot, and Reverse flips the swing direction. Users can extend lines left or right, show prices and level values or percents, and place labels on the left or right. Individual ratios from 0 through 0.786 can be shown, recolored, or hidden, with adjustable background transparency. It is a drawing indicator and does not issue entries, exits, or stops.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Depth
int
10
depth
Reverse
bool
false
reverse
Extend Left | Extend Right
bool
false
extendLeft
extendRight
bool
true
extendRight
Show Prices
bool
true
prices
Show Levels
bool
true
levels
levelsFormat
string
Values
levelsFormat
Labels Position
string
Left
labelsPosition
Background Transparency
int
85
backgroundTransparency
show_0
bool
true
show_0
value_0
int
0
value_0
color_0
color
#787b86
color_0
Show all 40 settings
Setting
Type
Default
Variable
show_0_236
bool
true
show_0_236
value_0_236
float
0.236
value_0_236
color_0_236
color
#f44336
color_0_236
show_0_382
bool
true
show_0_382
value_0_382
float
0.382
value_0_382
color_0_382
color
#81c784
color_0_382
show_0_5
bool
true
show_0_5
value_0_5
float
0.5
value_0_5
color_0_5
color
#4caf50
color_0_5
show_0_618
bool
true
show_0_618
value_0_618
float
0.618
value_0_618
color_0_618
color
#009688
color_0_618
show_0_65
bool
false
show_0_65
value_0_65
float
0.65
value_0_65
color_0_65
color
#009688
color_0_65
show_0_786
bool
true
show_0_786
value_0_786
float
0.786
value_0_786
color_0_786
color
#64b5f6
color_0_786
show_1
bool
true
show_1
value_1
int
1
value_1
color_1
color
#787b86
color_1
show_1_272
bool
false
show_1_272
value_1_272
float
1.272
value_1_272
color_1_272
color
#81c784
color_1_272
show_1_414
bool
false
show_1_414
value_1_414
float
1.414
value_1_414
color_1_414
color
#f44336
color_1_414
show_1_618
bool
true
show_1_618
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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