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
MTF Swing Highs and Lows finds pivots with Bill Williams fractals or, when the filter is on, a stricter regular fractal, then stores the latest high and low. Users can show daily, four-hour, one-hour, 30-minute and 15-minute levels, and optionally five-minute levels. Each group has its own high and low colors, line style and width, plus a shared label offset. It does not generate trade entries or exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
filter Bill Williams Fractals:
bool
false
filterBW
LabelsOffset
int
50
LabelsOffset
Use Daily Levels
bool
true
Show2
High
color
color.black
ColorH2
Low
color
color.black
ColorL2
Style2
string
Dotted
Style2
Width2
int
1
Width2
Show 4H Levels
bool
true
Show3
High
color
color.black
ColorH3
Low
color
color.black
ColorL3
Style3
string
Dotted
Style3
Width3
int
1
Width3
Show all 40 settings
Setting
Type
Default
Variable
Show 1H Levels
bool
true
Show4
High
color
color.black
ColorH4
Low
color
color.black
ColorL4
Style4
string
Dotted
Style4
Width4
int
1
Width4
Show 30m Levels
bool
true
Show5
High
color
color.black
ColorH5
Low
color
color.black
ColorL5
Style5
string
Dotted
Style5
Width5
int
1
Width5
Show 15m Levels
bool
true
Show6
High
color
color.black
ColorH6
Low
color
color.black
ColorL6
Style6
string
Dotted
Style6
Width6
int
1
Width6
Show 5m Levels
bool
false
Show7
High
color
color.black
ColorH7
Low
color
color.black
ColorL7
Style7
string
Dotted
Style7
Width7
int
1
Width7
LabelColor
color
color.purple
LabelColor
TextColor
color
color.black
TextColor
Show 4h fib levels
bool
true
showFibLevels_4h
Show 1h fib levels
bool
false
showFibLevels_1h
Show 30m fib levels
bool
false
showFibLevels_30m
Show 15m fib levels
bool
false
showFibLevels_15m
Fib retracement level 1
float
0.3
fibRet1
Fib retracement level 2
float
0.7
fibRet2
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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