This indicator plots the Schaff Trend Cycle in a separate pane. It subtracts a slow exponential moving average from a fast one, applies a stochastic cycle twice, and smooths each result to form a 0–100 oscillator. Line color follows the slope, or the upper and
Indicator · Pine Script v6 · Own pane
BD ZigZag MTF Consensus
A separate-pane indicator that runs a percentage-deviation ZigZag state machine on up to eight timeframes, from one minute to daily, and shows whether each is currently in an up leg after a swing low or a down leg after a swing high.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code224
Settings22inputs
LicenceNone stated
Last updateyesterday28 Oct 2026
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
Settings choose the deviation percent, high/low or close source, which timeframes are active, and colors. A table can label each timeframe. It requests data from other timeframes, so higher-timeframe readings can change while their bar is open.
- ZigZag direction on up to eight timeframes
- Adjustable deviation percent and source
- Per-timeframe on/off switches
- Optional table of timeframe labels
Details
Published by
BD-Chess on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Deviation % | float | 0.7 | devPct |
| Source | string | High/Low | srcMode |
| Enable TF 1 | bool | true | useTF1 |
| tf1 | timeframe | 1 | tf1 |
| Enable TF 2 | bool | true | useTF2 |
| tf2 | timeframe | 3 | tf2 |
| Enable TF 3 | bool | true | useTF3 |
| tf3 | timeframe | 5 | tf3 |
| Enable TF 4 | bool | true | useTF4 |
| tf4 | timeframe | 15 | tf4 |
| Enable TF 5 | bool | true | useTF5 |
| tf5 | timeframe | 30 | tf5 |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable TF 6 | bool | true | useTF6 |
| tf6 | timeframe | 60 | tf6 |
| Enable TF 7 | bool | true | useTF7 |
| tf7 | timeframe | 240 | tf7 |
| Enable TF 8 | bool | true | useTF8 |
| tf8 | timeframe | D | tf8 |
| Show TF Labels (table) | bool | true | showLabels |
| Up Color (after swing low) | color | #00e676 | upColor |
| Down Color (after swing high) | color | #ff4757 | dnColor |
| Neutral / Init | color | #2a2f3c | neutColor |
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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