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 v6 · On the chart
Flags and Pennants
An indicator on the price chart that finds flag and pennant chart patterns using up to four zigzag settings of different lengths and depths.
GitHub stars1on the repository
Pine versionv6current
Lines of code168
Settings34inputs
LicenceNone stated
Last update1 year ago12 Aug 2025
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
Inputs limit pattern error, flatness, maximum retracement and optionally bar ratio, and an option avoids overlapping patterns. It draws pattern lines, pattern labels, pivot labels and the zigzag, with theme and size choices. A repaint switch is available, and pattern detection depends on chosen swing parameters. It imports several external libraries.
- Flag and pennant pattern detection
- Four zigzag lengths and depths
- Error, flat and retracement thresholds
- Pattern labels and optional repaint mode
Details
Published by
turnupdigital on GitHub
Code credit
Trendoscope Pty Ltd, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Support & resistance, 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 |
|---|---|---|---|
| openSource | source | open | openSource |
| highSource | source | high | highSource |
| lowSource | source | low | lowSource |
| closeSource | source | close | closeSource |
| useZigzag1 | bool | true | useZigzag1 |
| zigzagLength1 | int | 3 | zigzagLength1 |
| depth1 | int | 144 | depth1 |
| useZigzag2 | bool | true | useZigzag2 |
| zigzagLength2 | int | 5 | zigzagLength2 |
| depth2 | int | 89 | depth2 |
| useZigzag3 | bool | true | useZigzag3 |
| zigzagLength3 | int | 8 | zigzagLength3 |
Show all 34 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| depth3 | int | 55 | depth3 |
| useZigzag4 | bool | true | useZigzag4 |
| zigzagLength4 | int | 13 | zigzagLength4 |
| depth4 | int | 34 | depth4 |
| Error Threshold | float | 20.0 | errorThresold |
| Flat Threshold | float | 20.0 | flatThreshold |
| Max Retracement | float | 0.618 | flagRatio |
| Verify Bar Ratio | bool | false | checkBarRatio |
| barRatioLimit | float | 0.382 | barRatioLimit |
| Avoid Overlap | bool | true | avoidOverlap |
| Repaint | bool | false | repaint |
| Theme | enum | ut.Theme.DARK | theme |
| patternLineWidth | int | 2 | patternLineWidth |
| Pattern Label | bool | true | showPatternLabel |
| patternLabelSize | string | size.normal | patternLabelSize |
| Pivot Labels | bool | true | showPivotLabels |
| pivotLabelSize | string | size.normal | pivotLabelSize |
| Zigzag | bool | true | showZigzag |
| zigzagColor | color | color.blue | zigzagColor |
| Max Patterns | bool | true | deleteOldPatterns |
| maxPatterns | int | 20 | maxPatterns |
| Limit Bars | int | 5000 | limitBars |
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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