This Pine Script indicator identifies liquidity sweeps and confirms signals using a close-back candle pattern directly on the price chart. It tracks recent swing highs and lows over a customizable lookback period. A bullish signal forms when a prior bar sweeps
Indicator · Pine Script v5 · On the chart
Chanlun (chanlun-v1 port)
This indicator implements a streaming bar-by-bar port of the Chanlun theory decomposition pipeline directly on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code424
Settings7inputs
LicenceNone stated
Last update3 months ago4 Jul 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
Chanlun (chanlun-v1 port) processes raw price action through Algorithm N containment normalization, identifies top and bottom fractals, connects them into strokes, and constructs zhongshu central consolidation zones. Users can toggle visual markers for normalized bars, fractals, strokes, and zhongshu boxes, adjust stroke index separation distance, select zone gate options, and restrict calculations to confirmed bars to prevent real-time repainting.
- Algorithm N price normalization
- Fractal top and bottom detection
- Stroke line plotting
- Zhongshu central consolidation zones
Details
Published by
minustwo on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance, SMC / ICT / price action, Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show normalized (post-Algorithm-N) high/low markers | bool | true | i_show_normalized |
| Show fractals (top / bottom) | bool | true | i_show_fractals |
| Show strokes (笔) | bool | true | i_show_strokes |
| Show zhongshu (中枢) zones | bool | true | i_show_zhongshu |
| δmin (stroke separation, idx units) | int | 4 | i_dmin |
| Zhongshu zone gate | string | first3 | i_zone_gate |
| Use barstate.isconfirmed (no repaint of last bar) | bool | true | i_only_confirmed |
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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