Sideway Zones Live is an overlay indicator that estimates inner and outer sideways bands from recent highs and lows with a rational quadratic kernel. It tracks swing pivots over a loopback period and counts bars that remain between the outer high and low. Afte
Indicator · Pine Script v5 · On the chart
Trend SNEK
A price chart overlay that plots the highest high and lowest low of the previous set number of bars, ten by default, together with a midline between them.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code23
Settings1inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago18 Oct 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
23 lines of Pine Script v5 from trendsnek.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// :copyright: plewis22782
//@version=5
//Thanks to the great folks at kodify for all their explainations of functions.
indicator("Trend SNEK", overlay=true)
//gather user input for lookback
TRL=input.int(10, minval=2, title="Trading Range Lookback", group = "Trading Range")
//request data for bar highs and lows
highestHighs = ta.highest(high, TRL)[1]
lowestLows = ta.lowest(low, TRL)[1]
//plot bar highes and lows and plot BG colored with potential breakouts.
highestPlot = plot(highestHighs, color=color.green, offset=0, linewidth=1, title="SMMA")
lowestPlot = plot(lowestLows, color=color.red,offset=0, linewidth=1, title="SMMA")
middle = highestHighs - ((highestHighs - lowestLows)/2)
plot(middle)
fill(highestPlot, lowestPlot, color= high>highestHighs[1] ? color.green : low<lowestLows[1] ? color.red : na , transp=50, title = "Trend Fill")
Overview
The area between the bands is shaded green when the current bar's high breaks above the prior upper line and red when the low breaks below the prior lower line, which highlights possible range breakouts. The lookback length is the only setting. It has no alerts, entries or exits.
- Previous highest high and lowest low bands
- Midline between the bands
- Green and red breakout shading
- Single adjustable lookback
Details
Published by
rajatjpatel on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Breakout, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trading Range Lookback | int | 10 | TRL |
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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