This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Indicator · Pine Script v4 · On the chart
Bollinger ZigZag ++
Bollinger ZigZag ++ combines Bollinger Band percent B calculations, pivot points, and a ZigZag filter to mark potential support and resistance levels directly on the price chart.
Repaints
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code146
Settings11inputs
LicenceNone stated
Last update3 years ago20 Jun 2023
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
Bollinger ZigZag ++ detects overbought and oversold thresholds relative to the bands and draws visual markers for pivot highs and lows. Users can adjust depth and deviation settings or apply higher timeframe data. Historical signals use lookahead in multi-timeframe security calls, meaning historical plot points can repaint.
- Bollinger Band overbought and oversold detection
- Optional higher timeframe resolution settings
- Configurable pivot high and pivot low markers
- ZigZag high and low calculation based on depth and deviation
Details
Published by
WISEPLAT on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Volatility & bands, Support & resistance, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bollinger Length | int | 34 | length10 |
| Bollinger Deviation | float | 2 | multiplier |
| Overbought | int | 1 | overbought |
| Oversold | int | 0 | oversold |
| Use another Timeframe? | bool | false | custom_timeframe |
| Select The Timeframe | timeframe | 60 | highTimeFrame |
| Show Pivot High/Lows | bool | false | Pivot |
| Left bars for Pivot | int | 4 | LP |
| Right bars for Pivot | int | 3 | RP |
| Depth | int | 12 | Depth |
| Deviation | int | 5 | Deviation |
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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