Indicator · Pine Script v4 · On the chart

ZigZag Percent Reversal - Helper - Draw Patterns - Part 1

by ricardosantos79

This indicator plots a ZigZag line on the price chart based on a user-defined percent reversal from the last pivot.

View on GitHub

GitHub stars261on the repository
Pine versionv4older, still runs
Lines of code949
Settings11inputs
LicenceNone stated
Last update4 years ago13 Nov 2021

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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 Percent Reversal - Helper - Draw Patterns - Part 1 supports color flipping for gradient themes and real pivot visibility. Additional tools draw harmonic triangles, taps, and AB=CD patterns when enabled. Settings control the reversal method, percent value, ATR multiplier, and pattern display. It operates directly on the price chart without separate panes.

Details

Published by

ricardosantos79 on GitHub

Type

Indicator, Pine Script v4

Draws

On the price chart

Category

Trend

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.

Settings

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

SettingTypeDefaultVariable
flip?boolfalsecolFlip
Gradient themestringRed and Greencoltheme
Method to use for the zigzag reversal range:stringMANUALpercent_method
Percent of last pivot price for zigzag reversal:float0.25percent
Multiplier to apply to ATR if applicable:float1.0percent_multiplier
Show real zigzag pivots:booltrueshow_real_pivots
Show Patterns:booltrueshow_patterns
Show Harmonic Triangle:booltrueshow_harmonic_triangle
Show 2/3/4 Tap:booltrueshow_tap
Show AB=CD:booltrueshow_abcd
errfloat5.0err
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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