by 
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 v4 · On the chart
[RS] ZigZag Percent Reversal - Helper - AntiSlope
This indicator plots a zigzag overlay directly on the price chart by identifying pivot points whenever price reverses by a specified threshold.
GitHub stars261on the repository
Pine versionv4older, still runs
Lines of code319
Settings16inputs
LicenceNone stated
Last update4 years ago13 Nov 2021
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 reversal range can be set manually as a fixed percentage or calculated dynamically using average true range multiples. The script calculates average leg statistics and projects customizable slope and anti-slope projection lines across defined levels. Because zigzag logic tracks developing price swings, pivots and projected lines update dynamically until price movement confirms the reversal.
- Percentage-based zigzag pivot detection
- ATR-adjusted reversal range options
- Slope and anti-slope projection levels
- Average leg statistics weighting
Details
Published by
ricardosantos79 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Trend
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 |
|---|---|---|---|
| percent_method | string | MANUAL | percent_method |
| percent | float | 0.25 | percent |
| percent_multiplier | float | 1.0 | percent_multiplier |
| Show real pivots: | bool | true | show_real_pivots_zz |
| Length weight for Average leg stats: | int | 10 | Length weight for Average leg stats: |
| Extend anti lines: | string | right | xtend |
| anti00_show | bool | true | anti00_show |
| anti00_value | float | -161.8 | anti00_value |
| anti01_show | bool | true | anti01_show |
| anti01_value | float | -61.8 | anti01_value |
| anti02_show | bool | true | anti02_show |
| anti02_value | float | 0.0 | anti02_value |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| anti03_show | bool | true | anti03_show |
| anti03_value | float | 61.8 | anti03_value |
| anti04_show | bool | true | anti04_show |
| anti04_value | float | 100.0 | anti04_value |
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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