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
Edge 71
Edge 71 plots prior-window extremes on the price chart and marks breakout entries.
Repaints
GitHub stars6on the repository
Pine versionv5runs as is
Lines of code30
Settings2inputs
LicenceCustom licence
Last update2 years ago10 Apr 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
Edge 71 takes the highest high over a long lookback and the lowest low over a short lookback, both excluding the current bar. A green arrow appears when the bar high exceeds that prior high, and a red arrow when the bar low breaks that prior low. The two integer inputs change those lookback lengths. It does not plot exits, stops, or position size. Arrows can change while the live bar is still forming.
- Prior highest-high breakout arrows
- Prior lowest-low breakdown arrows
- Separate long and short lookbacks
- Overlay plots of both extremes
Details
Published by
subos2008 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Breakout, Support & resistance
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Topics
binancebinance-trading-botstrading-bot
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Number of Days for Long (Close Breakout) | int | 250 | num_high_days |
| Number of Days for Short (Close Breakout) | int | 60 | num_low_days |
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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