An overlay indicator that detects pivot highs and lows on closing prices and draws a created line that extends to the right, plus a short confirmation line.
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
Labels show the level, price and an Indian-time stamp, and each element has its own toggle. Break alerts are sent as JSON once per bar close, with test switches for each side. Pivots confirm only after the right-side bars close, so levels appear late.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Left Strength
int
33
leftBars
Right Strength
int
21
rightBars
Show Resistance Created Label
bool
true
showResCreatedLabel
Show Resistance Created Line
bool
true
showResCreatedLine
Show Resistance Confirm Line
bool
true
showResConfirmLine
Show Support Created Label
bool
true
showSupCreatedLabel
Show Support Created Line
bool
true
showSupCreatedLine
Show Support Confirm Line
bool
true
showSupConfirmLine
🧪 Test Resistance Break Alert
bool
false
testResistanceAlert
🧪 Test Support Break Alert
bool
false
testSupportAlert
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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