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 supports up to four distinct ZigZag depth layers to analyze both short-term and long-term swings, with optional labels for higher highs, higher lows, lower highs, and lower lows. Main settings adjust swing lengths, toggle breaker block detection, customize line styles, and enable bar close confirmation. It acts as an analytical mapping tool with no trading signals.

Multi-layer ZigZag swing structure detection
Order block and breaker block visualization
Optimal trade entry retracement zones
Market structure labels for swing highs and lows
Dynamic bar coloring based on swing direction

Details

Published by

ricksimpsontrading on GitHub

Code credit

RickSimpson., as written in the script's header

Type

Indicator, Pine Script v6

Draws

On the price chart

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

Work-in-progress/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	`bool`	`true`	`showZZ1`
Length	`int`	`20`	`zzLength1`
Bear	`color`	`COLOR_BEAR`	`zzBearCol1`
Bull	`color`	`COLOR_BULL`	`zzBullCol1`
Range	`color`	`COLOR_RANGE`	`zzRangeCol1`
Display	`bool`	`true`	`showZZ2`
Length	`int`	`40`	`zzLength2`
Bear	`color`	`COLOR_BEAR`	`zzBearCol2`
Bull	`color`	`COLOR_BULL`	`zzBullCol2`
Range	`color`	`COLOR_RANGE`	`zzRangeCol2`
Display	`bool`	`false`	`showZZ3`
Length	`int`	`75`	`zzLength3`

Show all 40 settings

Setting	Type	Default	Variable
Bear	`color`	`COLOR_BEAR`	`zzBearCol3`
Bull	`color`	`COLOR_BULL`	`zzBullCol3`
Range	`color`	`COLOR_RANGE`	`zzRangeCol3`
Display	`bool`	`false`	`showZZ4`
Length	`int`	`125`	`zzLength4`
Bear	`color`	`COLOR_BEAR`	`zzBearCol4`
Bull	`color`	`COLOR_BULL`	`zzBullCol4`
Range	`color`	`COLOR_RANGE`	`zzRangeCol4`
Line Style	`enum`	`LineStyle.Solid`	`zzLineStyle`
Line Width	`int`	`1`	`zzLineWidth`
Bar Coloring	`bool`	`true`	`showBarColors`
Display HH / HL / LH / LL	`bool`	`false`	`showPivotType`
Display Swing Ratio	`bool`	`false`	`showPivotRatio`
Display OTE Zone	`bool`	`true`	`showOTE`
Show Detection Labels	`bool`	`true`	`showOBLabels`
Wait for Bar Close	`bool`	`true`	`confirmOnClose`
Breaker Blocks	`bool`	`true`	`showBreakers`
Display Zones	`bool`	`true`	`showLevels`
Display Price Labels	`bool`	`true`	`showLevelLbl`
Resistance	`color`	`COLOR_BEAR`	`resistanceCol`
Support	`color`	`COLOR_BULL`	`supportCol`
Border Style	`enum`	`LineStyle.Solid`	`levelStyle`
Zone Transparency	`float`	`75`	`zoneTransp`
Display Dashboard	`bool`	`true`	`showTable`
Position	`enum`	`TablePos.TopRight`	`tablePosition`
Show Ranges	`bool`	`true`	`showIPDA`
60-Day Range	`color`	`#1848CC`	`ipdaCol60`
40-Day Range	`color`	`#2962FF`	`ipdaCol40`

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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