by 
Sideway Zones Live is an overlay indicator that estimates inner and outer sideways bands from recent highs and lows with a rational quadratic kernel. It tracks swing pivots over a loopback period and counts bars that remain between the outer high and low. Afte
Indicator · Pine Script v5 · On the chart
Draw - Plot Shape
This educational indicator demonstrates how to use the plotshape function to display visual markers on the chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code48
Settings2inputs
LicenceNone stated
Last update2 years ago13 Sep 2024
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
Draw - Plot Shape evaluates whether the current close is above the previous bar's high (higher close) or below it (lower close). Green upward triangles and HC labels plot below qualifying bars, while red downward triangles and LC labels plot above them. Inputs let users configure how many recent historical bars to display markers for.
- Higher close and lower close condition detection
- On-chart shape plotting with custom text markers
- Configurable bar lookback limits for shape display
Details
Published by
Web3Degenerate on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Breakout
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| # Bars Back - Higher Close | int | 10 | higherCloseCandleCount |
| # Bars Back - Lower Close | int | 10 | lowerCloseCandleCount |
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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