Depth sets how many bars are used to find those pivots. The type setting chooses Original, Schiff, Modified Schiff, or Inside geometry. It plots a median line plus optional ratio levels such as 0.5, 0.382, and 0.618, with colors, widths, and line styles, and can fill the background. Lines extend right by default and can also extend left. It does not produce buy or sell signals.
Pivot-based automatic pitchfork
Original, Schiff, Modified Schiff, and Inside types
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
Type
string
Original
typeP
Background Transparency
int
85
backgroundTransparency
Extend left
bool
false
isExtended
Median line
color
#f44336
medianColor
medianWidth
int
1
medianWidth
medianStyle
string
Solid
medianStyle
show_0_25
bool
false
show_0_25
value_0_25
float
0.25
value_0_25
color_0_25
color
#ffb74d
color_0_25
width_0_25
int
1
width_0_25
style_0_25
string
Solid
style_0_25
Show all 40 settings
Setting
Type
Default
Variable
show_0_382
bool
false
show_0_382
value_0_382
float
0.382
value_0_382
color_0_382
color
#81c784
color_0_382
width_0_382
int
1
width_0_382
style_0_382
string
Solid
style_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
width_0_5
int
1
width_0_5
style_0_5
string
Solid
style_0_5
show_0_618
bool
false
show_0_618
value_0_618
float
0.618
value_0_618
color_0_618
color
#009688
color_0_618
width_0_618
int
1
width_0_618
style_0_618
string
Solid
style_0_618
show_0_75
bool
false
show_0_75
value_0_75
float
0.75
value_0_75
color_0_75
color
#64b5f6
color_0_75
width_0_75
int
1
width_0_75
style_0_75
string
Solid
style_0_75
show_1
bool
true
show_1
value_1
float
1
value_1
color_1
color
#2962ff
color_1
width_1
int
1
width_1
style_1
string
Solid
style_1
show_1_5
bool
false
show_1_5
value_1_5
float
1.5
value_1_5
color_1_5
color
#9c27b0
color_1_5
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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