The Gold Trend indicator identifies market structure using swing highs and lows to categorize trends into uptrends, downtrends, or ranges directly on the price 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
Gold Trend (Market Structure) plots HH, HL, LH, and LL labels alongside optional zig-zag lines, background trend tinting, and entry signal markers. It also features a multi-timeframe linear regression channel. Note that swing pivot detection requires confirmation bars based on the sensitivity setting, resulting in structural confirmation lag.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Swing sensitivity (bars each side)
int
5
pivotLen
Show HH/HL/LH/LL labels
bool
true
showLabels
Connect swings (zig-zag)
bool
true
showZigzag
Tint background by trend
bool
true
tintBg
Up
color
color.new(color.green, 0)
upCol
Down
color
color.new(color.red, 0)
downCol
Range
color
color.gray
rangeCol
Show linear regression channel
bool
true
showReg
Compute on timeframe
timeframe
60
regTF
Lookback (trading days)
float
5
regDays
Channel width (x std dev)
float
2.0
regMult
Upper (blue)
color
color.new(color.blue, 0)
regUpCol
Show all 15 settings
Setting
Type
Default
Variable
Lower (red)
color
color.new(color.red, 0)
regDnCol
Show trend entry signals
bool
true
showEntries
Signal label distance (x ATR)
float
2.0
labelGap
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.
This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
This Pine Script indicator plots a ZigZag on the price chart. It identifies reversal points when price moves more than a set percentage from the last pivot. The script calculates forecasts using zigzag data and labels detected geometric patterns including harm
This indicator plots market structure on the price chart by identifying swing highs and lows. It connects these points with lines to visualize trend direction and detect Break of Structure (BOS) when price breaks a prior swing in the current trend. Change of C
This indicator implements the Fractal Model concept to plot market structure shifts, liquidity sweeps, and Change in State of Delivery (CISD) levels. It overlays custom higher-timeframe candle previews, open prices, and time markers directly on the price chart
BigBeluga Smart Money Concepts identifies and overlays market structure and volumetric order blocks directly on the price chart. It analyzes market swings, trend sweeps, and mapping structure using customizable pivot lengths and calculation modes. The indicato
Apex Trend & Liquidity Master calculates a trend cloud using customizable moving averages expanded by a volatility multiplier directly on the main price chart. It identifies dynamic support and resistance liquidity zones from swing high and low pivots, extendi