RS ZigZag - Forecast - Patterns…: Free TradingView Indicator (Pine Script)

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

RS ZigZag - Forecast - Patterns - Labels scans the resulting price swings to identify harmonic patterns like Gartley, Bat, Butterfly, Crab, Shark, and AB=CD, alongside classic structures such as Head and Shoulders and triangles. It overlays forecast projection bounds, price target rates, and angle information directly on the price chart. Users should note that ZigZag pivots dynamically repaint prior bars as new highs or lows develop.

Multiple calculation methods
Harmonic pattern detection
Chart pattern detection
Statistical projection forecasts
Pivot price and slope labels

Details

Published by

ricardosantos79 on GitHub

Type

Indicator, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)

File

zigzag/ZigZag Multiple Methods.pinescript

Repository

github.com/ricardosantos79/pinescript. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
Show real zigzag pivots:	`bool`	`true`	`show_real_pivots`
Show zigzag lines:	`bool`	`true`	`show_zigzag_lines`
Method to use for the zigzag:	`input`	`m_000`	`zigzag_method`
parameter X	`float`	`1.0`	`param_x`
parameter Y	`float`	`1.0`	`param_y`
Show price labels on zigzag:	`bool`	`true`	`show_pivot_price`
Show rate labels on triangles:	`bool`	`true`	`show_triangle_rates`
Show Angle Degree information(EXPERIMENTAL):	`bool`	`false`	`show_angles`
Show Patterns:	`bool`	`true`	`show_patterns`
Show Harmonic Triangle Pattern:	`bool`	`true`	`show_harmonic`
Show 2/3/4 Tap Patterns:	`bool`	`true`	`show_tap`
Show AB=CD Pattern:	`bool`	`true`	`show_abcd`

Show all 26 settings

Setting	Type	Default	Variable
Show Bat Pattern:	`bool`	`true`	`show_bat`
Show Butterfly Pattern:	`bool`	`true`	`show_butterfly`
Show Gartley Pattern:	`bool`	`true`	`show_gartley`
Show Crab Pattern:	`bool`	`true`	`show_crab`
Show Shark Pattern:	`bool`	`true`	`show_shark`
Show 5o Pattern:	`bool`	`true`	`show_5o`
Show wolfe Pattern:	`bool`	`true`	`show_wolfe`
Show Contracting Triangle Pattern:	`bool`	`true`	`show_contria`
Show Expanding Triangle Pattern:	`bool`	`true`	`show_exptria`
Show Head and Shoulders Pattern:	`bool`	`true`	`show_hns`
Show projections forecast of zigzag:	`bool`	`true`	`show_projections`
Show projections forecast Bounds:	`bool`	`true`	`show_projections_square`
Show projections target rates:	`bool`	`false`	`show_projections_square_rates`
err	`float`	`5.0`	`err`

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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