ZigZag OrderBlock Retracement: Free TradingView Indicator (Pine Script)

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

ZigZag OrderBlock Retracement computes up to four separate ZigZag lengths to track price swings across multiple horizons with color coding for bullish, bearish, and range conditions. Order blocks feature optional price labels and bar-close confirmation settings to filter unclosed bars. Retracement lines can be displayed based on wicks or bodies. Like typical ZigZag calculations, swing pivot points may adjust dynamically until confirmed.

Multi-tier ZigZag swing detection with four configurable lengths
Order block identification with price label overlays
Retracement line plotting with custom colors and line styles
Optional bar close confirmation filter

Details

Published by

ricksimpsontrading on GitHub

Code credit

RickSimpson., as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)

File

Published/zigzag-orderblock-retracement.pine

Repository

github.com/ricksimpsontrading/TradingView-PineScript. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Display Order Block Price Labels	`bool`	`true`	`showplabels`
Wait for Bar Close Confirmation	`bool`	`true`	`waitforclose`
Display ZigZag 1	`bool`	`true`	`showzz`
ZigZag Length 1	`int`	`20`	`zzlength`
ZigZag 1 Bearish Color	`color`	`color.red`	`zzbearcolor`
ZigZag 1 Bullish Color	`color`	`color.green`	`zzbullcolor`
ZigZag 1 Range Color	`color`	`color.orange`	`zzrangecolor`
Display ZigZag 2	`bool`	`true`	`showzz2`
ZigZag Length 2	`int`	`40`	`zzlength2`
ZigZag 2 Bearish Color	`color`	`color.red`	`zzbearcolor2`
ZigZag 2 Bullish Color	`color`	`color.green`	`zzbullcolor2`
ZigZag 2 Range Color	`color`	`color.orange`	`zzrangecolor2`

Show all 40 settings

Setting	Type	Default	Variable
Display ZigZag 3	`bool`	`true`	`showzz3`
ZigZag Length 3	`int`	`75`	`zzlength3`
ZigZag 3 Bearish Color	`color`	`color.red`	`zzbearcolor3`
ZigZag 3 Bullish Color	`color`	`color.green`	`zzbullcolor3`
ZigZag 3 Range Color	`color`	`color.orange`	`zzrangecolor3`
Display ZigZag 4	`bool`	`true`	`showzz4`
ZigZag Length 4	`int`	`125`	`zzlength4`
ZigZag 4 Bearish Color	`color`	`color.red`	`zzbearcolor4`
ZigZag 4 Bullish Color	`color`	`color.green`	`zzbullcolor4`
ZigZag 4 Range Color	`color`	`color.orange`	`zzrangecolor4`
Line Style	`string`	`Solid`	`zzstyle`
Line Width	`int`	`1`	`zzwidth`
Display Retracement Lines	`bool`	`true`	`rline`
Display Retracement Price Labels	`bool`	`true`	`showprice`
Retracement High Color	`color`	`color.red`	`topcolor`
Retracement Low Color	`color`	`color.green`	`bottomcolor`
Line Type	`string`	`Wick`	`layout`
Maximum Number of Lines	`int`	`10`	`maxlines`
Line Style	`string`	`Solid`	`linestyle`
Line Width	`int`	`1`	`linessize`
Display Pivot Points	`bool`	`false`	`showpivots`
Display Pivot Levels	`bool`	`false`	`zzprice`
Display Cloud Channels	`bool`	`true`	`zzchannels`
Display Cloud Channel Price Labels	`bool`	`true`	`showcclabels`
Cloud Channel Transparency	`float`	`95`	`zzchannelst`
Cloud Channel High Zone Color	`color`	`color.red`	`highcolor`
Cloud Channel Low Zone Color	`color`	`color.green`	`lowcolor`
Cloud Channel Middle Zone Color	`color`	`color.orange`	`middlecolor`

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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