Snag - Detect Bull Bear uses a customizable ZigZag to detect trend reversals, tracking high and low points. The script applies Fibonacci-based rules to confirm breakout shifts between bull and bear regimes. When the market state changes, it draws connecting trend lines between pivot points and fills rectangular boxes with bullish or bearish labels highlighting order block zones. Primary settings control ZigZag length, show/hide the zigzag lines, and the Fibonacci factor for confirmation. It operates directly on the price chart without separate panes.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ZigZag Length
int
9
zigzag_len
Show Zigzag
bool
true
show_zigzag
Fib Factor for breakout confirmation
float
0.33
fib_factor
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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