Moving Average Channel plots separate simple moving averages for upper and lower bands on the price chart. It fills the space between bands with semi-transparent color and colors bars green above the upper band, red below the lower band, or gray in between. Us
Indicator · Pine Script v5 · On the chart
Zigzag Support&Resistance Levels [LM]
This indicator identifies pivot highs and lows using up to three customizable ZigZag calculation layers and plots horizontal support and resistance levels on the price chart.
Repaints
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code139
Settings19inputs
LicenceNone stated
Last update3 years ago20 Jun 2023
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
Users can configure depth, deviation, and colors for each ZigZag tier, adjust the maximum number of visible lines, and choose whether levels extend forward dynamically. Because it relies on ZigZag swing calculations, pivot locations can repaint on the most recent bars until subsequent price movement confirms them.
- Multi-period ZigZag pivot calculation
- Horizontal support and resistance lines
- Price labels on detected swing levels
- Configurable depth and deviation tiers
- Dynamic line extension controls
Details
Published by
WISEPLAT on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ══════ general setting ══════════════════════════════ | bool | false | _1 |
| Draw lines or just labels | bool | true | i_drawLines |
| Line count | int | 10 | i_lineCount |
| Extend lines | bool | true | i_extendLines |
| ══════ zigzag setting 1 ══════════════════════════════ | bool | false | _2 |
| Show first | bool | true | i_showFirst |
| Depth | int | 150 | i_firstDepth |
| Deviation | float | 24.0 | i_firstDeviation |
| Color | color | color.red | i_firstColor |
| ══════ zigzag setting 2 ══════════════════════════════ | bool | false | _3 |
| Show second | bool | true | i_showSecond |
| Depth | int | 34 | i_secondDepth |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Deviation | float | 6.0 | i_secondDeviation |
| Color | color | color.orange | i_secondColor |
| ══════ zigzag setting 3 ══════════════════════════════ | bool | false | _4 |
| Show third | bool | false | i_showThird |
| Depth | int | 14 | i_thirdDepth |
| Deviation | float | 3.0 | i_thirdDeviation |
| Color | color | color.lime | i_thirdColor |
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.
Similar Pine Scripts
This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
This indicator monitors multiple cryptocurrency symbols for trading signals. It calculates and plots entry prices, take profit, and stop loss levels for each symbol including BTCUSDT, ETHUSDT, BNBUSDT and others. Price crossovers trigger buy, sell or close ale
This overlay indicator draws a fixed-range volume profile on the price chart, splitting traded activity into up and down volume at each price level. It also plots a sentiment profile, a developing point of control, and value-area high and low around a configur
The BZ-tracker indicator marks ARK Invest buy and sell transactions on stock charts with labels. It plots green labels for purchases and red labels for sales, each annotated with a multiplier such as X1 or X2 to show the number of ARK ETFs trading the stock on
This indicator fits a linear regression through stored pivot highs and lows and draws the resulting channel on the price chart. A function returns predicted values, maximum and minimum deviations, and the average absolute deviation. Confirmed two-bar pivots up
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers