This overlay indicator marks ICT liquidity void fills on the price chart and can show long and short signals. It places a Fibonacci level inside a displacement candle, defaulting to the midpoint, and draws lines in a chosen style. Optional filters limit the fi
Indicator · Pine Script v4 · On the chart
[RS] ZigZag Percent Reversal - Forecast - patterns - labels
This overlay indicator plots a zigzag when price reverses by a chosen share of the last pivot, or by an ATR length times a multiplier.
GitHub stars8on the repository
Pine versionv4older, still runs
Lines of code772
Settings26inputs
LicenceNone stated
Last update4 years ago20 Aug 2022
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 Percent Reversal - Forecast - patterns - labels draws zigzag lines, confirmed pivots, and optional price labels on the price chart. Separate toggles show harmonic and chart patterns, including AB=CD, bat, butterfly, Gartley, crab, shark, Wolfe, triangles, taps, and head and shoulders. It also plots statistical projection areas, bounds, and target rates, with experimental angle and slope labels. It is not a strategy and has no entries or exits.
- Percent or ATR reversal threshold
- Zigzag lines and pivot price labels
- Harmonic and chart pattern labels
- Projection forecast bounds and rates
- Optional angle and rate labels
Details
Published by
PipC on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Method to use for the zigzag reversal range: | string | ATR005 * X | percent_method |
| Percent of last pivot price for zigzag reversal: | float | 0.25 | percent |
| Multiplier to apply to ATR if applicable: | float | 3.5 | percent_multiplier |
| Show real zigzag pivots: | bool | true | show_real_pivots |
| Show zigzag lines: | bool | true | show_zigzag_lines |
| Show price labels on zigzag: | bool | true | show_pivot_price |
| Show rate labels on triangles: | bool | false | show_triangle_rates |
| Show Angle Degree information(EXPERIMENTAL): | bool | false | show_angles |
| Show Patterns: | bool | false | 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 | true | 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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