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
Teaching: Finding Highs and Lows 6
This indicator identifies local swing highs and swing lows to construct a Zig Zag pattern on the main price chart.
Repaints
GitHub stars219on the repository
Pine versionv4older, still runs
Lines of code52
Settings1inputs
LicenceNone stated
Last update5 years ago18 Aug 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
Teaching: Finding Highs and Lows 6 evaluates pivot points based on a customizable number of surrounding left and right bars. Using persistent variables, the script tracks previous peak and trough levels to automatically delete redundant intermediate swings, drawing connecting trend lines and price labels. Because pivot confirmation requires right-side bars, historical drawings update after bar completion.
- Pivot high and low detection
- Dynamic Zig Zag line plotting
- Swing price level labels
- Redundant swing point filtering
- Adjustable bar lookback settings
Details
Published by
TaichiS on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
File
Topics
tradingviewpinescript
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 左右K棒數 | int | 4 | barnum |
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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