This indicator detects break of structure from confirmed pivot highs and lows and groups the bars between state changes into clusters. It plots blue and orange boxes and polylines of normalized closes in a separate pane, with optional moving averages on those
Indicator · Pine Script v5 · On the chart
Kavi's Custom Indicators
A chart overlay combining pivot-based support and resistance lines, five smoothed moving averages (10, 21, 50, 100 and 200), and a zigzag with order block and breaker block boxes.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code260
Settings27inputs
LicenceNone stated
Last update2 years ago3 Feb 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
Break labels appear when price crosses a pivot level with a volume-oscillator filter, and wick labels mark bull or bear wick breaks. Alerts exist for broken support and resistance. Pivot levels are confirmed only after the right-hand bars have formed, so they lag.
- Pivot support and resistance lines
- Volume-filtered break labels
- Five smoothed moving averages
- Zigzag with order and breaker blocks
Details
Published by
kavichelvan on GitHub
Code credit
Support and resistance, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance, Moving averages, SMC / ICT / price action, 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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Breaks | bool | true | toggleBreaks |
| Left Bars | int | 15 | leftBars |
| Right Bars | int | 15 | rightBars |
| Volume Threshold | int | 20 | volumeThresh |
| SMMA 10 | int | 10 | smma_10 |
| SMMA 21 | int | 21 | smma_21 |
| SMMA 50 | int | 50 | smma_50 |
| SMMA 100 | int | 100 | smma_100 |
| SMMA 200 | int | 200 | smma_200 |
| Source | source | close | src |
| ZigZag Length | int | 9 | zigzag_len |
| Show Zigzag | bool | true | show_zigzag |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fib Factor for breakout confirmation | float | 0.33 | fib_factor |
| Text Size | string | size.tiny | text_size |
| Delete Old/Broken Boxes | bool | true | delete_boxes |
| Color | color | color.new(color.green, 70) | bu_ob_color |
| Border Color | color | color.green | bu_ob_border_color |
| Text Color | color | color.green | bu_ob_text_color |
| Color | color | color.new(color.red, 70) | be_ob_color |
| Border Color | color | color.red | be_ob_border_color |
| Text Color | color | color.red | be_ob_text_color |
| Color | color | color.new(color.green, 70) | bu_bb_color |
| Border Color | color | color.green | bu_bb_border_color |
| Text Color | color | color.green | bu_bb_text_color |
| Color | color | color.new(color.red, 70) | be_bb_color |
| Border Color | color | color.red | be_bb_border_color |
| Text Color | color | color.red | be_bb_text_color |
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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