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
Indicator · Pine Script v6 · On the chart
Multi-Timeframe Recursive Zigzag
An indicator on the price chart that draws a zigzag of swing highs and lows from a chosen timeframe, with length, depth and highlight level inputs and an option for a curved line.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code143
Settings19inputs
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
The recursive depth builds higher-order swings from lower ones. It can attach RSI, MFI, OBV and a custom series to each pivot, and offers alerts such as confirmed pivot updates. Real-time bars are used by default, so the latest swing can move until confirmed.
- Recursive zigzag from a chosen timeframe
- Length, depth and highlight level inputs
- RSI, MFI and OBV values per pivot
- Pivot update alerts
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, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Theme | enum | ut.Theme.DARK | theme |
| highSource | source | high | highSource |
| lowSource | source | low | lowSource |
| Timeframe | timeframe | | timeframe |
| Length | int | 5 | zigzagLength |
| Depth | int | 200 | depth |
| Highlight Level | int | 1 | highlight |
| Use Real Time Bars | bool | true | useRealTimeBars |
| Curved Zigzag | bool | false | curvedZigzag |
| RSI | bool | true | enableRsi |
| rsiLength | int | 14 | rsiLength |
| MFI | bool | true | enableMfi |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| mfiLength | int | 14 | mfiLength |
| OBV | bool | true | enableObv |
| enableCustom | bool | false | enableCustom |
| customName | string | Custom | customName |
| customValue | source | close | customValue |
| Alert Type | string | Confirmed Pivot Update | alertType |
| alertTemplate | text | defaultAlertTemplate | alertTemplate |
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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