Indicator · Pine Script v4 · On the chart

PharshK RSI and Zigzag with H/L

by WISEPLAT· code credited to ralagh

This indicator plots a zigzag line formed from pivot highs and lows on the price chart.

View on GitHub

Repaints

GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code525
Settings40inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago20 Jun 2023

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

525 lines of Pine Script v4 from ZigZag - ishod/PharshK RSI and Zigzag with H-L - 10.pine.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

PharshK RSI and Zigzag with H-L - 10.pine.txt
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © ralagh

//@version=4

study("PharshK RSI and Zigzag with H/L", overlay=true)
lb = input(5, title="Left Bars", minval = 1)
rb = input(5, title="Right Bars", minval = 1)
showsupres = input(true, title="Support/Resistance", inline = "srcol")
supcol = input(color.lime, title ="", inline = "srcol")
rescol = input(color.red, title ="", inline = "srcol")
srlinestyle = input(line.style_dotted, title = "Line Style/Width", options = [line.style_solid, line.style_dashed, line.style_dotted], inline ="style")
srlinewidth = input(3, title = "", minval = 1, maxval = 5, inline ="style")
changebarcol = input(true, title="Change Bar Color", inline = "bcol")
bcolup = input(color.blue, title ="", inline = "bcol")
bcoldn = input(color.black, title ="", inline = "bcol")

ph = pivothigh(lb, rb)
pl = pivotlow(lb, rb)

hl = iff(ph, 1, iff(pl, -1, na)) // Trend direction
zz = iff(ph, ph, iff(pl, pl, na)) // similar to zigzag but may have multiple highs/lows
zz :=iff(pl and hl == -1 and valuewhen(hl, hl, 1) == -1 and pl > valuewhen(zz, zz, 1), na, zz)
zz :=iff(ph and hl == 1  and valuewhen(hl, hl, 1) == 1  and ph < valuewhen(zz, zz, 1), na, zz)

hl := iff(hl==-1 and valuewhen(hl, hl, 1)==1 and zz > valuewhen(zz, zz, 1), na, hl)
hl := iff(hl==1 and valuewhen(hl, hl, 1)==-1 and zz < valuewhen(zz, zz, 1), na, hl)
zz := iff(na(hl), na, zz)

findprevious()=>  // finds previous three points (b, c, d, e)
    ehl = iff(hl==1, -1, 1)
    loc1 = 0.0, loc2 = 0.0, loc3 = 0.0, loc4 = 0.0
    xx = 0
    for x=1 to 1000
        if hl[x]==ehl and not na(zz[x])
            loc1 := zz[x]
            xx := x + 1
            break
    ehl := hl
    for x=xx to 1000
        if hl[x]==ehl and not na(zz[x])
            loc2 := zz[x]
            xx := x + 1
            break
    ehl := iff(hl==1, -1, 1)
    for x=xx to 1000
        if hl[x]==ehl and not na(zz[x])
            loc3 := zz[x]
            xx := x + 1
            break
    ehl := hl
    for x=xx to 1000
        if hl[x]==ehl and not na(zz[x])
            loc4 := zz[x]
            break
    [loc1, loc2, loc3, loc4]

float f = na, float g = na, float h = na, float j = na, float k = na
if not na(hl)
    [loc1, loc2, loc3, loc4] = findprevious()
    f := zz 
    g := loc1
    h := loc2
    j := loc3
    k := loc4

_hh = zz and (f > g and f > h and h > g and h > j)
_ll = zz and (f < g and f < h and h < g and h < j)
_hl = zz and ((f >= h and (g > h and g > j and j > h and j > k)) or (f < g and f > h and g < j))
_lh = zz and ((f <= h and (g < h and g < j and j < h and j < k)) or (f > g and f < h and g > j))

plotshape(_hl, text="HL", title="Higher Low", style=shape.labelup, color=color.lime, textcolor=color.black, location=location.belowbar, offset = -rb)
plotshape(_hh, text="HH", title="Higher High", style=shape.labeldown, color=color.lime, textcolor=color.black, location=location.abovebar, offset = -rb)
plotshape(_ll, text="LL", title="Lower Low", style=shape.labelup, color=color.red, textcolor=color.white, location=location.belowbar, offset = -rb)
plotshape(_lh, text="LH", title="Lower High", style=shape.labeldown, color=color.red, textcolor=color.white, location=location.abovebar, offset = -rb)

float res = na, float sup = na
res := iff(_lh, zz, res[1])
sup := iff(_hl, zz, sup[1])

int trend = na
trend := iff(close > res, 1, iff(close < sup, -1, nz(trend[1])))

res := iff((trend == 1 and _hh) or (trend == -1 and _lh), zz, res)
sup := iff((trend == 1 and _hl) or (trend == -1 and _ll), zz, sup)
rechange = res != res[1]
suchange = sup != sup[1]

var line resline = na
var line supline = na
if showsupres
    if rechange
        line.set_x2(resline, bar_index)
        line.set_extend(resline, extend = extend.none)
        resline := line.new(x1 = bar_index - rb, y1 = res, x2 = bar_index, y2 = res, color = rescol, extend = extend.right, style = srlinestyle, width = srlinewidth)
     
    if suchange
        line.set_x2(supline, bar_index)
        line.set_extend(supline, extend = extend.none)
        supline := line.new(x1 = bar_index - rb, y1 = sup, x2 = bar_index, y2 = sup, color = supcol, extend = extend.right, style = srlinestyle, width = srlinewidth)    

barcolor(color = iff(changebarcol, iff(trend == 1, bcolup, bcoldn), na))



alert_strings = array.new_string(4)
array.set(alert_strings, 0, "")
array.set(alert_strings, 1, "")
array.set(alert_strings, 2, "")
array.set(alert_strings, 3, "")

table_row_count = array.new_int(3)
array.set(table_row_count, 0, 1)
array.set(table_row_count, 1, 1)
array.set(table_row_count, 2, 1)

var UpTabl = table.new(position = position.top_center, columns = 3, rows = 20, bgcolor = color.rgb(255,255,255), border_width = 2, frame_color= color.black, frame_width = 2)
var DnTabl = table.new(position = position.bottom_center, columns = 3, rows = 20, bgcolor = color.rgb(255,255,255), border_width = 2, frame_color= color.black, frame_width = 2)

//table.cell(table_id = UpTabl, column = 1, row = 0, text = "Upper Channel Break")
//table.cell(table_id = DnTabl, column = 1, row = 0, text = "Lower Channel Break") 
//table.cell(table_id = UpTabl, column = 2, row = 0, text = "▲▲")
//table.cell(table_id = DnTabl, column = 2, row = 0, text = "▼▼") 

//table.cell(table_id = UpTabl, column = 0, row = 1, text = "Ticker")
//table.cell(table_id = UpTabl, column = 1, row = 1, text = "Close")
//table.cell(table_id = UpTabl, column = 2, row = 1, text = "High") 

//table.cell(table_id = DnTabl, column = 0, row = 1, text = "Ticker")
//table.cell(table_id = DnTabl, column = 1, row = 1, text = "Close") 
//table.cell(table_id = DnTabl, column = 2, row = 1, text = "Low") 

devTooltip = "Deviation is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot."
depthTooltip = "The minimum number of bars that will be taken into account when calculating the indicator."
// pivots threshold
threshold_multiplier = input(title="Deviation", type=input.float, defval=3, minval=0, tooltip=devTooltip)
dev_threshold = atr(10) / close * 100 * threshold_multiplier
depth = input(title="Depth", type=input.integer, defval=10, minval=1, tooltip=depthTooltip)
reverse = input(false, "Reverse")
// Zig Zag

ZigZag         = input(true, "Zig Zag   "                                          , inline = "ZZ", group = "Zig Zag Settings")
zzColor        = input(color.orange, ""                                             , inline = "ZZ", group = "Zig Zag Settings")
zzWidth        = input(1      , "", minval = 1                                      , inline = "ZZ", group = "Zig Zag Settings")
zzStyle        = input("Dashed", "", options = ["Dashed", "Dotted", "Solid"]         , inline = "ZZ", group = "Zig Zag Settings")


var extendLeft = input(false, "Extend Left    |    Extend Right", inline = "Extend Lines")
var extendRight = input(true, "", inline = "Extend Lines")
var extending = extend.none
if extendLeft and extendRight
    extending := extend.both
if extendLeft and not extendRight
    extending := extend.left
if not extendLeft and extendRight
    extending := extend.right
prices = input(true, "Show Prices")
levels = input(true, "Show Levels", inline = "Levels")
levelsFormat = input("Values", "", options = ["Values", "Percent"], inline = "Levels")
labelsPosition = input("Left", "Labels Position", options = ["Left", "Right"])

// ---------------------------------------------------------------------------------------- //
// Fibonacci 

var line lineLast = na
var int iLast     = 0
var int iPrev     = 0
var float pLast   = 0
var isHighLast    = false // otherwise the last pivot is a low pivot

var iPrevPivotRef = 0
var pPrevPivotRef = 0.
var iLastPivotRef = 0
var pLastPivotRef = 0.

pivots(src, length, isHigh) =>
    l2 = length * 2
    c  = nz(src[length])
    ok = true
    
    for i = 0 to l2
        if isHigh and src[i] > c
            ok := false

        if not isHigh and src[i] < c
            ok := false
    if ok
        [bar_index[length], c]
    else
        [int(na), float(na)]

[iH, pH] = pivots(high, depth / 2, true )
[iL, pL] = pivots(low , depth / 2, false)

calc_dev(base_price, price) =>
    100 * (price - base_price) / price

pivotFound(dev, isHigh, index, price) =>
    if isHighLast == isHigh and not na(lineLast)
        // same direction
        if isHighLast ? price > pLast : price < pLast
            line.set_xy2(lineLast, index, price)
            [lineLast, isHighLast]
        else
            [line(na), bool(na)]
    else // reverse the direction (or create the very first line)
        if abs(dev) > dev_threshold
            // price move is significant
            
            // ---------------------------------------------------------------------------------------- //
            [zzCol, zzWid, zzSty] = if not ZigZag
                [na, 1, line.style_dashed]
            else
                [zzColor, zzWidth, zzStyle == "Solid" ? line.style_solid : zzStyle == "Dotted" ? line.style_dotted : line.style_dashed]
            // ---------------------------------------------------------------------------------------- //
            
            id = line.new(iLast, pLast, index, price, color=zzCol, width=zzWid, style=zzSty)
            [id, isHigh]
        else
            [line(na), bool(na)]

// Fibonacci, Zig Zag

if not na(iH)
    dev          = calc_dev(pLast, pH)
    [id, isHigh] = pivotFound(dev, true, iH, pH)

    if not na(id)
        if id != lineLast
            // ---------------------------------------------------------------------------------------- //

            iPrevPivotRef  := line.get_x1(lineLast)
            pPrevPivotRef  := line.get_y1(lineLast)
            iLastPivotRef  := line.get_x2(lineLast)
            pLastPivotRef  := line.get_y2(lineLast)
            
            if not ZigZag
            // ---------------------------------------------------------------------------------------- //

                line.delete(lineLast)
        
        lineLast   := id
        isHighLast := isHigh
        iPrev      := iLast
        iLast      := iH
        pLast      := pH
else
    if not na(iL)
        dev          = calc_dev(pLast, pL)
        [id, isHigh] = pivotFound(dev, false, iL, pL)
        
        if not na(id)
            if id != lineLast
                // ---------------------------------------------------------------------------------------- //

                iPrevPivotRef  := line.get_x1(lineLast)
                pPrevPivotRef  := line.get_y1(lineLast)
                iLastPivotRef  := line.get_x2(lineLast)
                pLastPivotRef  := line.get_y2(lineLast)

                if not ZigZag
                // ---------------------------------------------------------------------------------------- //

                    line.delete(lineLast)
            
            lineLast   := id
            isHighLast := isHigh
            iPrev      := iLast
            iLast      := iL
            pLast      := pL

// Zig Zag
_draw_line(price, col) =>
    var id = line.new(iLast, price, bar_index, price, color=col, width=1, extend=extending)
    if not na(lineLast)
        line.set_xy1(id, line.get_x1(lineLast), price)
        line.set_xy2(id, line.get_x2(lineLast), price)


_draw_label(price, txt, txtColor) =>
    x = labelsPosition == "Left" ? line.get_x1(lineLast) : not extendRight ? line.get_x2(lineLast) : bar_index
    labelStyle = labelsPosition == "Left" ? label.style_label_right : label.style_label_left
    align = labelsPosition == "Left" ? text.align_right : text.align_left
    labelsAlignStrLeft = txt + '\n ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏ \n'
    labelsAlignStrRight = '       ' + txt + '\n ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏  ‏ \n'
    labelsAlignStr = labelsPosition == "Left" ? labelsAlignStrLeft : labelsAlignStrRight
    var id = label.new(x=x, y=price, text=labelsAlignStr, textcolor=txtColor, style=labelStyle, textalign=align, color=#00000000)
    label.set_xy(id, x, price)
    label.set_text(id, labelsAlignStr)
    label.set_textcolor(id, txtColor)

_wrap(txt) =>
    "(" + tostring(txt, "#.##") + ")"

_label_txt(level, price) =>
    l = levelsFormat == "Values" ? tostring(level) : tostring(level * 100) + "%"
    (levels ? l : "") + (prices ? _wrap(price) : "")

_crossing_level(sr, r) =>
    (r > sr and r < sr[1]) or (r < sr and r > sr[1])

startPrice = reverse ? line.get_y1(lineLast) : pLast
endPrice = reverse ? pLast : line.get_y1(lineLast)

iHL = startPrice > endPrice
diff = (iHL ? -1 : 1) * abs(startPrice - endPrice)

processLevel(show, value, colorL) =>
    float m = value
    r = startPrice + diff * m
    if show
        _draw_line(r, colorL)
        _draw_label(r, _label_txt(m, r), colorL)
        //if _crossing_level(close, r)
            //alert("Autofib: " + syminfo.ticker + " crossing level " + tostring(value))

show_0 = input(true, "", inline = "Level0")
value_0 = input(0, "", inline = "Level0")
color_0 = input(#787b86, "", inline = "Level0")
processLevel(show_0, value_0, color_0)

show_0_5 = input(true, "", inline = "Level1")
value_0_5 = input(0.5, "", inline = "Level1")
color_0_5 = input(#4caf50, "", inline = "Level1")
processLevel(show_0_5, value_0_5, color_0_5)

show_0_618 = input(true, "", inline = "Level2")
value_0_618 = input(0.618, "", inline = "Level2")
color_0_618 = input(#009688, "", inline = "Level2")
processLevel(show_0_618, value_0_618, color_0_618)

show_1 = input(true, "", inline = "Level3")
value_1 = input(1, "", inline = "Level3")
color_1 = input(#787b86, "", inline = "Level3")
processLevel(show_1, value_1, color_1)

show_1_618 = input(true, "", inline = "Level5")
value_1_618 = input(1.618, "", inline = "Level5")
color_1_618 = input(#2196f3, "", inline = "Level5")
processLevel(show_1_618, value_1_618, color_1_618)


upperMult   = input(2,     "Linear Regression : Upper Deviation")
lowerMult   = input(-2,    "Linear Regression : Lower Deviation")
useUpperDev = input(true,  "Linear Regression : Use Upper Deviation")
useLowerDev = input(true,  "Linear Regression : Use Lower Deviation")
showPearson = input(true,  "Linear Regression : Show Pearson`s R")
extendLines = input(false, "Linear Regression : Extend Lines")
len         = input(100,   "Linear Regression : Count")
src         = input(close, "Linear Regression : Source")

// Linear Regression - build-in 
extend = extendLines ? extend.right : extend.none
calcSlope(src, len) =>
    max_bars_back(src, 300)
    if not barstate.islast or len <= 1
        [float(na), float(na), float(na)]
    else
        sumX = 0.0
        sumY = 0.0
        sumXSqr = 0.0
        sumXY = 0.0
        for i = 0 to len - 1
            val = src[i]
            per = i + 1.0
            sumX := sumX + per
            sumY := sumY + val
            sumXSqr := sumXSqr + per * per
            sumXY := sumXY + val * per
        slope = (len * sumXY - sumX * sumY) / (len * sumXSqr - sumX * sumX)
        average = sumY / len
        intercept = average - slope * sumX / len + slope
        [slope, average, intercept]
[slp, a, i] = calcSlope(src, len)
startPriceL = i + slp * (len - 1)
endPriceL = i
var line baseLine = na
if na(baseLine) and not na(startPriceL)
    baseLine := line.new(bar_index - len + 1, startPriceL, bar_index, endPriceL, width=1, extend=extend, color=color.red)
else
    line.set_xy1(baseLine, bar_index - len + 1, startPriceL)
    line.set_xy2(baseLine, bar_index, endPriceL)
    na
calcDev(src, len, slope, average, intercept) =>
    upDev = 0.0
    dnDev = 0.0
    stdDevAcc = 0.0
    dsxx = 0.0
    dsyy = 0.0
    dsxy = 0.0
    periods = len - 1
    daY = intercept + (slope * periods) / 2
    val = intercept
    for i = 0 to periods
        price = high[i] - val
        if (price > upDev)
            upDev := price
        price := val - low[i]
        if (price > dnDev)
            dnDev := price
        price := src[i]
        dxt = price - average
        dyt = val - daY
        price := price - val
        stdDevAcc := stdDevAcc + price * price
        dsxx := dsxx + dxt * dxt
        dsyy := dsyy + dyt * dyt
        dsxy := dsxy + dxt * dyt
        val := val + slope
    stdDev = sqrt(stdDevAcc / (periods == 0 ? 1 : periods))
    pearsonR = dsxx == 0 or dsyy == 0 ? 0 : dsxy / sqrt(dsxx * dsyy)
    [stdDev, pearsonR, upDev, dnDev]
[stdDev, pearsonR, upDev, dnDev] = calcDev(src, len, slp, a, i)
upperStartPrice = startPriceL + (useUpperDev ? upperMult * stdDev : upDev)
upperEndPrice = endPriceL + (useUpperDev ? upperMult * stdDev : upDev)
var line upper = na
lowerStartPrice = startPriceL + (useLowerDev ? lowerMult * stdDev : -dnDev)
lowerEndPrice = endPriceL + (useLowerDev ? lowerMult * stdDev : -dnDev)
var line lower = na
if na(upper) and not na(upperStartPrice)
    upper := line.new(bar_index - len + 1, upperStartPrice, bar_index, upperEndPrice, width=1, extend=extend, color=#0000ff)
else
    line.set_xy1(upper, bar_index - len + 1, upperStartPrice)
    line.set_xy2(upper, bar_index, upperEndPrice)
    na
if na(lower) and not na(lowerStartPrice)
    lower := line.new(bar_index - len + 1, lowerStartPrice, bar_index, lowerEndPrice, width=1, extend=extend, color=#0000ff)
else
    line.set_xy1(lower, bar_index - len + 1, lowerStartPrice)
    line.set_xy2(lower, bar_index, lowerEndPrice)
    na


// Pearson`s R
var label r = na
transparent = color.new(color.white, 100)
label.delete(r[1])
if showPearson and not na(pearsonR)
    r := label.new(bar_index - len + 1, lowerStartPrice, tostring(pearsonR, "#.########"), color=transparent, textcolor=#0000ff, size=size.normal, style=label.style_labelup)

plot(round(pearsonR*1000)/1000, display=display.none)

//(cl_p > (ep_mp + st_dv * 2))//
//(cl_p < (ep_mp - st_dv * 2)//


f_LregBrk(_ticker)=>
    
    [cl_p, ep_mp, st_dv, sp_mp, val_hi, val_lo, sr_01] = security(_ticker, timeframe.period, [close, endPriceL, stdDev, startPriceL, high, low, rsi(close, 14)], lookahead = barmerge.lookahead_on)
    _msg = _ticker + "~CLS-" + tostring(round(cl_p * 100) / 100)
    
    if (sp_mp - ep_mp) > 0 and crossover(cl_p, (ep_mp + st_dv * 2))
        _msg := _msg + "~>" + " Uppper Channel Break ▲▲"
        array.set(alert_strings, 0, array.get(alert_strings, 0) + "\n" + _msg)
        array.set(table_row_count, 0, array.get(table_row_count, 0) + 1)
        
        if barstate.islast
            table.cell(table_id = UpTabl, column = 0, row = array.get(table_row_count, 0), text = _ticker)
            table.cell(table_id = UpTabl, column = 1, row = array.get(table_row_count, 0), text = tostring(round(cl_p * 100) / 100), bgcolor=color.rgb(0, 200, 100))
            table.cell(table_id = UpTabl, column = 2, row = array.get(table_row_count, 0), text = tostring(round(val_hi * 100) / 100), bgcolor=color.rgb(0, 200, 100))

        
    else if (sp_mp - ep_mp) < 0 and crossunder(cl_p, (ep_mp - st_dv * 2))
        _msg := _msg + "~>" + " Lower Channel Break ▼▼"
        array.set(alert_strings, 1, array.get(alert_strings, 1) + "\n" + _msg)
        array.set(table_row_count, 1, array.get(table_row_count, 1) + 1)
        
        if barstate.islast
            table.cell(table_id = DnTabl, column = 0, row = array.get(table_row_count, 1), text = _ticker)
            table.cell(table_id = DnTabl, column = 1, row = array.get(table_row_count, 1), text = tostring(round(cl_p * 100) / 100), bgcolor=color.rgb(255, 0, 0))
            table.cell(table_id = DnTabl, column = 2, row = array.get(table_row_count, 1), text = tostring(round(val_lo * 100) / 100), bgcolor=color.rgb(255, 0, 0))

        
    var RsStoTabl = table.new(position = position.bottom_left, columns = 3, rows = 20, bgcolor = color.rgb(200, 230, 255), border_width = 2, frame_color= color.black, frame_width = 2)
    
    if barstate.islast
        table.cell(table_id = RsStoTabl, column = 0, row = 0, text = "Ticker")
        table.cell(table_id = RsStoTabl, column = 1, row = 0, text = "RSI ~") 
       
        if sr_01 > 65
            _msg := _msg + "~>" + "RSI - OB ▲ " + tostring(round(sr_01 * 10) / 10)
            array.set(alert_strings, 2, array.get(alert_strings, 2) + "\n" + _msg)
            array.set(table_row_count, 2, array.get(table_row_count, 2) + 1)
            table.cell(table_id = RsStoTabl, column = 0, row = array.get(table_row_count, 2), text = _ticker)
            table.cell(table_id = RsStoTabl, column = 1, row = array.get(table_row_count, 2), text = tostring(int(sr_01)), bgcolor=color.from_gradient(sr_01, 40, 60, color.rgb(255, 70, 70), color.rgb(0, 200, 100)))
            
        
        else if sr_01 < 35
            _msg := _msg + "~>" + "RSI - OS ▼ " + tostring(round(sr_01 * 10) / 10)
            array.set(alert_strings, 3, array.get(alert_strings, 3) + "\n" + _msg)
            array.set(table_row_count, 2, array.get(table_row_count, 2) + 1)
            table.cell(table_id = RsStoTabl, column = 0, row = array.get(table_row_count, 2), text = _ticker)
            table.cell(table_id = RsStoTabl, column = 1, row = array.get(table_row_count, 2), text = tostring(int(sr_01)), bgcolor=color.from_gradient(sr_01, 40, 60, color.rgb(255, 70, 70), color.rgb(0, 200, 100)))    
            


f_LregBrk(syminfo.tickerid)
f_LregBrk(input('DJI', title=input.symbol)) 
f_LregBrk(input('IXIC', title=input.symbol)) 
f_LregBrk(input('SPX', title=input.symbol)) 
f_LregBrk(input('RUT', title=input.symbol)) 
f_LregBrk(input('AAPL', title=input.symbol))
f_LregBrk(input('AMZN', title=input.symbol)) 
f_LregBrk(input('FB', title=input.symbol)) 
f_LregBrk(input('GOOG', title=input.symbol)) 
f_LregBrk(input('NFLX', title=input.symbol))
f_LregBrk(input('MSFT', title=input.symbol)) 
f_LregBrk(input('NVDA', title=input.symbol)) 
f_LregBrk(input('FDX', title=input.symbol)) 
f_LregBrk(input('GLD', title=input.symbol))




if array.get(alert_strings, 0) != ""
    alert(array.get(alert_strings, 0),  alert.freq_once_per_bar)

if array.get(alert_strings, 1) != ""
    alert(array.get(alert_strings, 1),  alert.freq_once_per_bar)

//if array.get(alert_strings, 2) != ""
    //alert(array.get(alert_strings, 2),  alert.freq_once_per_bar)

//if array.get(alert_strings, 3) != ""
    //alert(array.get(alert_strings, 3),  alert.freq_once_per_bar)

Overview

PharshK RSI and Zigzag with H/L identifies higher highs, lower lows, higher lows and lower highs by comparing previous points. Support and resistance levels are drawn and updated according to trend direction. Labels mark each signal type directly on the chart. Settings control pivot search range, line styles, bar colors, zigzag depth, extensions and visibility of prices and levels. It draws on the price chart. It repaints on the live bar.

Details

Published by

WISEPLAT on GitHub

Code credit

ralagh, as written in the script's header

Type

Indicator, Pine Script v4

Draws

On the price chart

Category

Trend, Support & resistance

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Left Barsint5lb
Right Barsint5rb
Support/Resistancebooltrueshowsupres
supcolcolorcolor.limesupcol
rescolcolorcolor.redrescol
Line Style/Widthinputline.style_dottedsrlinestyle
srlinewidthint3srlinewidth
Change Bar Colorbooltruechangebarcol
bcolupcolorcolor.bluebcolup
bcoldncolorcolor.blackbcoldn
Deviationfloat3threshold_multiplier
Depthint10depth
Show all 40 settings
SettingTypeDefaultVariable
Reverseboolfalsereverse
Zig Zag   booltrueZigZag
zzColorcolorcolor.orangezzColor
zzWidthint1zzWidth
zzStylestringDashedzzStyle
Extend Left    |    Extend RightboolfalseextendLeft
extendRightbooltrueextendRight
Show Pricesbooltrueprices
Show Levelsbooltruelevels
levelsFormatstringValueslevelsFormat
Labels PositionstringLeftlabelsPosition
show_0booltrueshow_0
value_0int0value_0
color_0color#787b86color_0
show_0_5booltrueshow_0_5
value_0_5float0.5value_0_5
color_0_5color#4caf50color_0_5
show_0_618booltrueshow_0_618
value_0_618float0.618value_0_618
color_0_618color#009688color_0_618
show_1booltrueshow_1
value_1int1value_1
color_1color#787b86color_1
show_1_618booltrueshow_1_618
value_1_618float1.618value_1_618
color_1_618color#2196f3color_1_618
Linear Regression : Upper Deviationint2upperMult
Linear Regression : Lower Deviationint-2lowerMult
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.

Similar Pine Scripts

575 stars

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 v5 Support & resistanceTrend
Updated 1 year ago · MPL-2.0 GitHub repository of ICT Equal Highs and Lows with Screener

Function - Linear Regression

by ricardosantos79
261 stars

This indicator fits a linear regression through stored pivot highs and lows and draws the resulting channel on the price chart. A function returns predicted values, maximum and minimum deviations, and the average absolute deviation. Confirmed two-bar pivots up

Indicator v5 TrendSupport & resistance
Updated 4 years ago · None stated GitHub repository of Function - Linear Regression

AI Trend

by dearvn
257 stars

AI Trend is an indicator that plots pivot points, trend lines, and support and resistance levels directly on the price chart. It marks high and low pivots based on user-defined length, draws trend lines that check for violations at specified points, and identi

Indicator v5 TrendSupport & resistance
Updated 6 weeks ago · None stated GitHub repository of AI Trend

Ichimoku Cloud

by harryguiacorn
219 stars

This indicator plots Ichimoku Cloud elements on the price chart, including Tenkan-sen, Kijun-sen, Senkou Span A and B lines with optional Chikou Span. It signals trend changes via Tenkan-sen and Kijun-sen crosses and places arrows at Kijun-sen direction shifts

Indicator v5 TrendMoving averages
Updated 1 year ago · None stated GitHub repository of Ichimoku Cloud
219 stars

This indicator identifies local swing highs and swing lows to construct a Zig Zag pattern on the main price chart. It evaluates pivot points based on a customizable number of surrounding left and right bars. Using persistent variables, the script tracks previo

Indicator v4 Support & resistanceTrend Repaints
Updated 5 years ago · None stated GitHub repository of Teaching: Finding Highs and Lows 6

Dynamic Linear Regression

by TradersPost
218 stars

Dynamic Linear Regression calculates and plots linear regression trendlines and standard deviation channels directly on the price chart over a user-selected time period. Traders can configure static channels locked at the end time, dynamic channels that contin

Indicator v6 TrendSupport & resistance
Updated 3 months ago · None stated GitHub repository of Dynamic Linear Regression

More indicators

Trade Your Charts With a Regulated Broker

Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.

Compare brokers