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
Trend Direction Helper
Trend Direction Helper calculates overall trend direction by combining customized range filters, Williams %R, and multi-period threshold logic to plot directional buy and sell labels.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code545
Settings12inputs
LicenceNone stated
Last update3 years ago20 Jun 2023
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
Trend Direction Helper also features optional percentage-reversal ZigZag lines, pivot-based support and resistance levels, and higher high or lower low labels directly on the price chart overlay. Inputs allow customization of risk settings, pivot left and right lengths, ZigZag reversal percentages, and label display text.
- Buy and sell trend direction labels
- Support and resistance levels from pivot points
- Percentage-based ZigZag line display
- Higher highs and lower lows text labels
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| == TREND DIRECTION == | bool | true | TD |
| Risk | int | 14 | RISK |
| Size | string | size.normal | SIZE |
| TEXT Buy | string | B | text_up |
| TEXT Sell | string | S | text_dn |
| Show Supports & Resistances | bool | true | showSR |
| Left Pivot | int | 50 | left |
| Right Pivot | int | 25 | right |
| Quick Right Pivot | int | 5 | quick_right |
| Show Higher/Highs and Lower Lows labels | bool | false | showHHLL |
| Show ZIG ZAG Lines | bool | true | showZZ |
| percent | float | 1.75 | percent |
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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