This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v5 · On the chart
SMC Market Structure with Zigzag
A smart money concepts overlay that marks swing pivots, break of structure and change of character events, liquidity sweeps and liquidation wicks on the price chart, and adds a zigzag line driven by a price deviation percentage and pivot leg count.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code652
Settings35inputs
LicenceNone stated
Last update2 years ago23 Jan 2024
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
Pivot length, liquidation validity and all colours can be changed, and candles can be coloured by change of character. The zigzag end point can move until a reversal is confirmed, and structure labels appear after a delay.
- BOS and CHoCH structure labels
- Liquidity sweeps and liquidation wicks
- Zigzag with deviation and leg settings
- Configurable colours and text sizes
Details
Published by
btm2021 on GitHub
Code credit
HunterAlgos, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Point Length | int | 12 | lookback |
| Liquidation Validity | int | 7 | liq_valid |
| Use Pivot Length | bool | true | liq_bool |
| HH & HL | color | color.white | HH_css |
| LL & LH | color | color.gray | LL_css |
| Candle Coloring | string | CHoCH | css_candle |
| Hide Liquidity Swipe | bool | false | show_liq |
| Hide Pivot Point | bool | false | show_pivot |
| Hide Liquidation Wicks Point | bool | false | show_wick |
| Bull CHoCH | color | #089981 | css_bull |
| Bear CHoCH | color | color.red | css_bear |
| Up Candle | color | color.gray | css_up |
Show all 35 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Down Candle | color | color.black | css_dn |
| Transp Major Liquidation | int | 80 | major_trans |
| Transp Minor Liquidation | int | 90 | minor_trans |
| Bearish Liquidity Minor Swipe | color | color.gray | liq_bear_minor |
| Bullish Liquidity Minor Swipe | color | color.gray | liq_bull_minor |
| Bearish Liquidity Major Swipe | color | color.purple | liq_bear_major |
| Bullish Liquidity Major Swipe | color | color.aqua | liq_bull_major |
| Bearish Liquidation wick | color | color.orange | liq_wick_lh |
| Bullish Liquidation wick | color | color.aqua | liq_wick_hl |
| Pivot Text size | int | 1 | lbl_size |
| Market structure Text size | int | 1 | txt_size |
| Bullish BOS | color | color.white | BOS_bull_css |
| Bullish BOS | color | color.gray | BOS_bear_css |
| Bullish CHoCH | color | color.white | CHOCH_bull_css |
| Bearish CHoCH | color | color.gray | CHOCH_bear_css |
| Price deviation for reversals (%) | float | 5.0 | Price deviation for reversals (%) |
| Pivot legs | int | 10 | Pivot legs |
| Line color | color | #2962FF | Line color |
| Extend to last bar | bool | true | Extend to last bar |
| Display reversal price | bool | true | Display reversal price |
| Display cumulative volume | bool | true | Display cumulative volume |
| Display reversal price change | bool | true | Display reversal price change |
string | Absolute | |
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.
Similar Pine Scripts
This indicator plots labels on the TradingView price chart to mark ARK Invest's buy and sell trades for the DE stock. Buy transactions appear in green with X1 or X2 multipliers showing the number of ARK ETFs involved on the same day; sells appear in red. The m
This Pine Script indicator plots a ZigZag on the price chart. It identifies reversal points when price moves more than a set percentage from the last pivot. The script calculates forecasts using zigzag data and labels detected geometric patterns including harm
The Golden Bullet Strategy is an overlay signal indicator based on Smart Money Concepts and time-based liquidity models. It identifies liquidity sweeps of a designated reference session range during a specified hunt window. It then confirms Market Structure Sh
This indicator implements the Fractal Model concept to plot market structure shifts, liquidity sweeps, and Change in State of Delivery (CISD) levels. It overlays custom higher-timeframe candle previews, open prices, and time markers directly on the price chart
This indicator calculates pivot highs and pivot lows to detect liquidity sweeps and Swing Failure Patterns. It identifies when price breaks past recent key swing highs or lows within a configurable historical window, then looks for a quick reversal or change i
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers