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 v6 · On the chart
Zig Zag
Draws a zig zag line on the price chart connecting swing pivots using an imported Zig Zag library.
GitHub stars1on the repository
Pine versionv6current
Lines of code21
Settings8inputs
LicenceNone stated
Last update1 year ago1 Mar 2025
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
A new reversal is accepted when price moves by a set percentage, 5 by default, and pivots use a leg count of 10. Labels can show the reversal price, cumulative volume and the price change, as an absolute value or percentage. Line colour and extension to the last bar are adjustable. The latest segment can change until a pivot is confirmed.
- Percentage deviation reversals
- Pivot leg setting
- Labels for price, volume and change
- Optional extension to last bar
Details
Published by
ivansoft on GitHub
Type
Draws
On the price chart
Category
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.
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 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.
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