Sideway Zones Live is an overlay indicator that estimates inner and outer sideways bands from recent highs and lows with a rational quadratic kernel. It tracks swing pivots over a loopback period and counts bars that remain between the outer high and low. Afte
Indicator · Pine Script v6 · On the chart
Recursive Reversal Chart Patterns [Trendoscope®]
This indicator detects recursive reversal chart patterns directly on the price chart using multi-level zigzag swings.
Repaints
GitHub stars2on the repository
Pine versionv6current
Lines of code160
Settings40inputs
LicenceNone stated
Last update8 months ago25 Feb 2026
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
Recursive Reversal Chart Patterns [Trendoscope®] identifies structures including double taps, triple taps, cup and handle formations, and head and shoulders patterns. Optional secondary confirmations can be enabled using RSI, MFI, OBV, or custom data feeds. Users can customize zigzag length and depth, error tolerance percentages, and shoulder boundaries. Because pattern completion relies on zigzag swing points, signals near the live bar can adjust or repaint until pivots confirm.
- Recursive zigzag reversal pattern detection
- Double tap and triple tap pattern recognition
- Head and shoulders and cup and handle pattern options
- Optional RSI, MFI, and OBV confirmation filters
- Configurable error margins and pattern dimensions
Details
Published by
regalouisei on GitHub
Code credit
Trendoscope Pty Ltd, Trendoscope®, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Support & resistance, Breakout, 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 |
|---|---|---|---|
| Length | int | 8 | zigzagLength |
| Depth | int | 50 | depth |
| Minimum Zigzag Level | int | 0 | minimumZigZagLevel |
| Double Tap | bool | true | enableDoubleTap |
| Triple Tap | bool | true | enableTripleTap |
| Cup And Handle | bool | false | enableCupAndHandle |
| Head And Shoulders | bool | false | enableHeadAndShoulders |
| Error Percent | int | 13 | errorPercent |
| Shoulder Start | float | 0.1 | shoulderStart |
| Shoulder End | float | 0.5 | shoulderEnd |
| Risk Adjustment Percent | int | 13 | riskAdjustment |
| RSI | bool | false | enableRsi |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| rsiLength | int | 14 | rsiLength |
| MFI | bool | false | enableMfi |
| mfiLength | int | 14 | mfiLength |
| OBV | bool | false | enableObv |
| enableCustom | bool | false | enableCustom |
| customName | string | Custom | customName |
| customValue | source | close | customValue |
| Line Width | int | 3 | lineWidth |
| Theme | enum | ut.Theme.DARK | theme |
color | color.rgb(251, 244, 109) | | |
color | color.rgb(141, 186, 81) | | |
color | color.rgb(74, 159, 245) | | |
color | color.rgb(255, 153, 140) | | |
color | color.rgb(255, 149, 0) | | |
color | color.rgb(0, 234, 211) | | |
color | color.rgb(167, 153, 183) | | |
color | color.rgb(255, 210, 113) | | |
color | color.rgb(119, 217, 112) | | |
color | color.rgb(95, 129, 228) | | |
color | color.rgb(235, 146, 190) | | |
color | color.rgb(198, 139, 89) | | |
color | color.rgb(200, 149, 149) | | |
color | color.rgb(196, 182, 182) | | |
color | color.rgb(255, 190, 15) | | |
color | color.rgb(192, 226, 24) | | |
color | color.rgb(153, 140, 235) | | |
color | color.rgb(206, 31, 107) | | |
color | color.rgb(251, 54, 64) | |
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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