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BullDozz Fibo ZigZagFibo ZigZag - Advanced Fibonacci Retracement Tool 🔥 📌 Overview The Fibo ZigZag indicator is a powerful tool for trend structure analysis using the ZigZag pattern and Fibonacci retracement levels. It automatically identifies swing highs & lows, draws ZigZag lines, and overlays Fibonacci levels with price labels at the right end for better readability. This indicator is designed for traders who use price action, trend reversal strategies, and support/resistance analysis. 🛠 Features ✅ Automatic ZigZag detection with customizable depth, deviation, and backstep ✅ Fibonacci retracement levels (0%, 23.6%, 38.2%, 50%, 61.8%, 100%, 161.8%, 261.8%, 423.6%) ✅ Price labels at Fibonacci levels (placed at the right end of the levels) ✅ Alerts for new swing highs & lows ✅ Customizable line colors, text colors, and label sizes ✅ Lightweight and optimized for fast performance 📊 How It Works 1️⃣ The script detects ZigZag structure points based on price swings 2️⃣ It connects recent highs & lows with a ZigZag line 3️⃣ Fibonacci retracement levels are calculated and drawn between the last two significant swing points 4️⃣ Each Fibo level is labeled with its percentage & exact price, placed at the right end for clarity 5️⃣ Alerts trigger automatically when a new swing high or low is detected ⚙ Customization Options 🔹 ZigZag Settings: Adjust Depth, Deviation, BackStep, and Leg length 🔹 Fibonacci Levels: Modify line colors, label text colors, and visibility 🔹 Alerts: Enable/disable trend change alerts 📈 Best Use Cases 🚀 Identifying Trend Reversals – Detect key turning points using Fibonacci levels 📉 Support & Resistance Trading – Use retracement levels as entry/exit points 📊 Swing Trading & Scalping – Combine ZigZag with price action for effective strategies 🔔 Alert-Based Trading – Get notified when new swing highs/lows form 🚀 How to Use 📌 Add the indicator to your chart 📌 Adjust the settings to match your trading strategy 📌 Use the Fibonacci levels & ZigZag lines to analyze trend direction & key price zones 📌 Wait for alerts or manually enter trades based on price reaction to Fibo levels 📢 Final Thoughts The Fibo ZigZag is an essential tool for traders who rely on price action, trend reversals, and Fibonacci levels. Whether you're a beginner or a pro, this indicator helps you spot high-probability trading opportunities with ease. ⚡ Try it now & enhance your trading strategy! 🚀 💬 Let us know your feedback & suggestions in the comments! Happy trading! 📊🔥
Pine Script® indicator
by BulldozzMoney
Percentage Based ZigZag█  OVERVIEW The Percentage-Based ZigZag indicator is a custom technical analysis tool designed to highlight significant price reversals while filtering out market noise. Unlike many standard zigzag tools that rely solely on fixed price moves or generic trend-following methods, this indicator uses a configurable percentage threshold to dynamically determine meaningful pivot points. This approach not only adapts to different market conditions but also helps traders distinguish between minor fluctuations and truly significant trend shifts—whether scalping on shorter timeframes or analyzing longer-term trends. █  KEY FEATURES & ORIGINALITY Dynamic Pivot Detection The indicator identifies pivot points by measuring the percentage change from the previous extreme (high or low). Only when this change exceeds a user-defined threshold is a new pivot recognized. This method ensures that only substantial moves are considered, making the indicator robust in volatile or noisy markets. Enhanced ZigZag Visualization By connecting significant highs and lows with a continuous line, the indicator creates a clear visual map of price swings. Each pivot point is labelled with the corresponding price and the percentage change from the previous pivot, providing immediate quantitative insight into the magnitude of the move. Trend Reversal Projections In addition to marking completed reversals, the script computes and displays potential future reversal points based on the current trend’s momentum. This forecasting element gives traders an advanced look at possible turning points, which can be particularly useful for short-term scalping strategies. Customizable Visual Settings Users can tailor the appearance by:  • Setting the percentage threshold to control sensitivity.  • Customizing colors for bullish (e.g., green) and bearish (e.g., red) reversals.  • Enabling optional background color changes that visually indicate the prevailing trend. █  UNDERLYING METHODOLOGY & CALCULATIONS Percentage-Based Filtering The script continuously monitors price action and calculates the relative percentage change from the last identified pivot. A new pivot is confirmed only when the price moves a preset percentage away from this pivot, ensuring that minor fluctuations do not trigger false signals. Pivot Point Logic The indicator tracks the highest high and the lowest low since the last pivot. When the price reverses by the required percentage from these extremes, the algorithm:  1 — Labels the point as a significant high or low.  2 — Draws a connecting line from the previous pivot to the current one.  3 — Resets the extreme-tracking for detecting the next move. Real-Time Reversal Estimation Building on traditional zigzag methods, the script incorporates a projection calculation. By analyzing the current trend’s strength and recent percentage moves, it estimates where a future reversal might occur, offering traders actionable foresight. █  HOW TO USE THE INDICATOR 1 — Apply the Indicator  • Add the Percentage-Based ZigZag indicator to your trading chart. 2 — Adjust Settings for Your Market  • Percentage Move – Set a threshold that matches your trading style:   - Lower values for sensitive, high-frequency analysis (ideal for scalping).   - Higher values for filtering out noise on longer timeframes.  • Visual Customization – Choose your preferred colors for bullish and bearish signals and enable background color changes for visual trend cues.  • Reversal Projection – Enable or disable the projection feature to display potential upcoming reversal points. 3 — Interpret the Signals  • ZigZag Lines – White lines trace significant high-to-low or low-to-high movements, visually connecting key swing points.  • Pivot Labels – Each pivot is annotated with the exact price level and percentage change, providing quantitative insight into market momentum.  • Trend Projections – When enabled, projected reversal levels offer insight into where the current trend might change. 4 — Integrate with Your Trading Strategy  • Use the indicator to identify support and resistance zones derived from significant pivots.  • Combine the quantitative data (percentage changes) with your risk management strategy to set optimal stop-loss and take-profit levels.  • Experiment with different threshold settings to adapt the indicator for various instruments or market conditions. █  CONCLUSION The Percentage-Based ZigZag indicator goes beyond traditional trend-following tools by filtering out market noise and providing clear, quantifiable insights into price action. With its percentage threshold for pivot detection and real-time reversal projections, this original methodology and customizable feature set offer traders a versatile edge for making informed trading decisions.
Pine Script® indicator
by Botnet101
8
Swing High/Low (ZigZag) [ChartPrime]Swing High/Low (ZigZag) Indicator The Swing High/Low (ZigZag) Indicator is a versatile tool for identifying and visualizing price swings, swing highs, and swing lows. It dynamically plots levels for significant price points while connecting them with a ZigZag line, enabling traders to analyze market structure and trends with precision. ⯁ KEY FEATURES Swing Highs and Lows Detection Accurately detects and marks swing highs and lows, providing a clear structure of market movements. Real-Time ZigZag Line Connects swing points with a dynamic ZigZag line for a visual representation of price trends. Customizable Swing Sensitivity Swing length input allows traders to adjust the sensitivity of swing detection to match their preferred market conditions. Swing Levels with Shadows Option to display swing levels with extended shadows for better visibility and market analysis. Broken Levels Marking Tracks and visually updates levels as dashed lines when broken, providing insights into shifts in market structure. Swing Direction Display At the top-right corner, the indicator displays the current swing direction (up or down) with a directional arrow for quick reference. Interactive Labels Marks swing levels with labels, showing the price of swing highs and lows for added clarity. Dynamic Market Structure Analysis Automatically adjusts ZigZag lines and levels as the market evolves, ensuring real-time updates for accurate trading decisions. ⯁ HOW TO USE Analyze Market Trends Use the ZigZag line and swing levels to identify the overall direction and structure of the market. Spot Significant Price Points Swing highs and lows act as potential support and resistance levels for trading opportunities. Adjust Swing Sensitivity Modify the swing length setting to match your trading strategy, whether scalping, day trading, or swing trading. Monitor Broken Levels Use the dashed lines of broken levels to identify changes in market dynamics and potential breakout or breakdown zones. Plan Entries and Exits Leverage swing levels and direction to determine optimal entry, stop-loss, and take-profit points. ⯁ CONCLUSION The Swing High/Low (ZigZag) Indicator is a powerful tool for traders seeking to visualize price swings and market structure. Its real-time updates, customizable settings, and dynamic swing direction make it an invaluable resource for technical analysis and decision-making.
Pine Script® indicator
by ChartPrime
12
Trend/Retracement - ZigZag - New wayZigZag for Trend and Retracements - New way It's another way to plot ZigZag based on lookback period for trend and % of trend lookback period to plot retracements. █ OVERVIEW Plot ZigZag, Trend lines, Retracements, Support levels, Resistance levels █ Objective: Draw ZigZag lines along with unbroken support and resistance levels. ZigZag lines are drawn for main trend and the retracements. Main Trend – This is calculated based on lookback period. Retracements – Retracements are calculated as 25% of main trend. Support and Resistance line: The indicator draws 2 types of support and resistance lines 1. Un-broken – Once formed (plotted), these are the support and resistance which are not yet broken 2. Tested – One can also choose to see support and resistance lines which are tested but not broken. Tested support/resistance are those levels which are touched by high/low price but close price has not crossed the level. █ How main trend point is calculated: E.g. Chart timeframe = 15m Lookback period = 250 Retracement = 25% of main trend ( 25% of 250 = 62 ) A price point on a chart is considered as trend point if distance between current price and previous highest price is 250 candles A price point is considered as a retracement if distance between current price and previous highest price is 62 candles. Please note retracements are calculated only after finding a main trend point. █ Input parameters: Zigzag Parameters Use predefined Lookback – If checked pre-defined timeframe-based lookback parameters are used. Trend lookback candles – If ‘Use predefined Lookback’ is unchecked then this value is used as lookback period. Retracement % of look back candles– If ‘Use predefined Lookback’ is unchecked then this value is used for calculating retracement lookback period Mark retracements – If unchecked only main trend lines are plotted Plot support/resistance – To plot support/resistance levels Show support/resistance tested lines – If checked tested support/resistance liens are shown on the chart █ TF based Lookback period config (Defaults are set as specified below, One can change these defaults to use different lookback periods) The defaults set here are used based on the chart timeframe. e.g. if chart timeframe is changed from say 15m to 60m then 60m chart defaults (i.e. trend lookback = 90) are used to plot the trend and the retracements. At the bottom-right of the chart, parameters used for plotting are displayed all the time. Timeframe in minute – Default = 5m Trend lookback candles – Default = 375 (~ 5 days of data) Timeframe in minute – Default = 15m Trend lookback candles – Default = 250 (~10 days of data) Timeframe in minute – Default = 60m Trend lookback candles = Default = 90 (~ 15 days of data) Trend lookback candles for timeframe 'D' – Default = 30 (~1 month data) Trend lookback candles for timeframe 'W' – Default = 21 (~6 months data) Trend lookback candles for timeframe 'M' – Default = 12 (~1year data) Retracement % of look back candles – Default = 25% █ When and where one can use this indicator (Refer to chart examples) To view support and resistance based on lookback period To view ZigZag lines One can use it to find chart patterns easily Trend and retracement lines can help in drawing Elliott waves. █ Chart examples: 1. Chart patterns can be easily identified - One can disable the candle charts which will help to identify and draw chart patterns easily 2. Trend and retracement lines can also help is analyzing charts (e.g. Elliott Waves can be marked based on trend lines) 3. Tested but not broken support and resistance lines can be viewed 4. You can select 'NOT' to plot tested support and resistance lines 5. Uncheck the Mark retracements to plot main trend lines (Retracements are not marked)
Pine Script® indicator
by Sharad_Gaikwad
16
Market Structures + ZigZag [TradingFinder] CHoCH/BOS - MSS/MSB🟣 Introduction 🔵 Market Structure Grasping market structure entails examining market behavior. Essentially, market structure refers to the formation and progression of the market within its trends. Market structures are generally fractal and nested, leading us to classify them into internal (minor) and external (major) structures. There are several definitions of market structure, with differing perspectives such as Smart Money and ICT offering their own interpretations. 🔵 Zig Zag The Zigzag indicator is a lagging tool that identifies points on a price chart where significant changes occur compared to the previous wave. By connecting these points, it helps traders detect trends. This indicator minimizes random price fluctuations, aiming to clarify the primary price trend. Pivots are points on a price chart where the direction changes. Also known as reversal points, pivots form when supply and demand forces overpower one another. There are various types of technical analysis pivots, which can be divided into two categories: minor pivots and major pivots, each with distinct significance in analysis. Major Pivot : These pivots signify substantial changes in the chart's direction and occur at the end of trends. Analysts focusing on primary analysis prioritize major pivot points. In fact, most technical analysis tools are evaluated and based on major pivots. Minor Pivot : These pivots highlight smaller, subsidiary points and directions, appearing at the end of corrections. Analysts who focus on minor pivots represent small trends. It's important to note that minor pivots are not suitable for use in primary technical tools. Identifying Minor and Major Pivots : Minor pivots are formed between two major pivots and do not break the opposing major pivot. (Internal Pivot) Major pivots are those that either successfully break the opposing pivot or move beyond the previous pivot of the same type. (External Pivot) 🟣 How to Use 🔵 Identifying Break of Structure (BOS) In a given trend, such as a downtrend, a Break of Structure occurs when the price drops below the previous low and forms a new low (LL). In an uptrend, a BOS (MSB) happens when the price rises and exceeds the last high. To confirm a trend, at least one BOS is required. The break above or below the previous high or low must be validated by the closing of at least one candle beyond that level. 🔵 Identifying Change of Character (CHOCH) Change of Character (CHOCH) is an essential concept in market structure analysis, indicating a trend change. In other words, a trend concludes with a CHOCH (MSS). For example, in a downtrend, the price declines with BOS. While BOS highlights the trend's strength, a CHOCH occurs when the price rises and surpasses the last high, signaling a transition from a downtrend to an uptrend. This does not imply immediately entering a buy trade; instead, it is prudent to wait for a BOS in the upward direction to confirm the uptrend. Unlike BOS, confirming a CHOCH does not require a candle to close; simply breaking above or below the previous high or low with the candle's wick is sufficient. The following examples illustrate bearish and bullish CHOCH. Terms : Market Structure Shift = MSS Market Structure Break = MSB 🔵 Zig Zag Based on identifying pivots and drawing zigzag lines, you can have different uses of this indicator. Including : Identifying pivot types along with major and minor recognition. Identifying internal and external breakouts. Identifying support and resistance levels. Identifying Elliott Waves. Identifying classic patterns. Identifying pivots with higher validity. Identifying trends and range areas. 🟣 Settings Pivot Period Market Structure and ZigZag Line: Using this input, you can determine the pivot period for identifying swings. Through the settings, you can customize the display, visibility, and color of each line as desired.
Pine Script® indicator
by TFlab
25
Smooth Cloud + ZigZag VPOC CORE v6📌 Description The Smooth Cloud + ZigZag VPOC indicator is designed to help traders visualize market structure and potential confluence zones. Smooth Cloud: Built from smoothed moving averages (EMA, RMA, or HMA), this cloud highlights the underlying short-term trend by shading bullish and bearish phases. Pivots (ZigZag style): Marks confirmed swing highs and lows, helping to identify support/resistance and breakout areas without repainting. VPOC (Volume Point of Control): Plots the price level with the highest traded volume, either from a rolling lookback or anchored to a custom date. This often acts as a magnet or reaction level. ATR Bands: Optional dynamic bands based on volatility to frame potential extension zones. Signals & Alerts: Generates long/short labels when price breaks pivot levels in line with trend filters, with optional confluence from HTF trend, VPOC, and ATR. This tool combines trend context, structure, and volume confluence in a single view to support decision-making. ✅ Notes This script is intended for technical analysis and educational use only. It does not provide financial advice or guaranteed outcomes. Signals are purely analytical and should be combined with independent risk management.
Pine Script® indicator
by Jaxon007
ZigZag█   OVERVIEW This library is a Pine Script™ programmer’s tool containing custom user-defined types and functions to calculate ​Zig Zag indicators within their scripts. It is not a stand-alone indicator. Pine Script™ libraries are publications that contain reusable code for importing into Pine Script™ indicators, strategies, and other libraries. For more information on libraries and incorporating them into your scripts, see the Libraries section of the Pine Script™ User Manual . █   CONCEPTS ​Zig Zag​ ​Zig ​Zag ​ is a popular indicator that filters out minor price fluctuations to denoise data and emphasize trends. Traders commonly use ​​Zig Zag​ for trend confirmation, identifying potential ​support and ​resistance​, and pattern detection​. It is formed by identifying significant local high and low points in alternating order and connecting them with straight lines, omitting all other data points from their output. There are several ways to calculate the ​Zig Zag​'s data points and the conditions by which its direction changes. This script uses ​pivots as the data points, which are the highest or lowest values over a defined number of bars before and after them. The direction only reverses when a newly formed ​​pivot​ deviates from the last ​​Zig Zag​ point in the opposite direction by an amount greater than or equal to a specified percentage. To learn more about ​Zig Zag​ and how to calculate it, see this entry from the Help Center. █  FOR Pine Script™ CODERS Notes This script's architecture utilizes user-defined types (UDTs) to create custom objects which are the equivalent of variables containing multiple parts, each able to hold independent values of different types . UDTs are the newest addition to Pine Script™ and the most advanced feature the language has seen to date. The feature's introduction creates a new runway for experienced coders to push the boundaries of Pine. We recommend that newcomers to the language explore the basics first before diving into UDTs and objects. Demonstration Code Our example code shows a simple use case by displaying a ​​Zig Zag​ with user-defined settings. A new ​ZigZag object is instantiated on the first bar using a Settings object to control its attributes. The fields for the Settings object are declared using variables assigned to input.* functions, allowing control of the field values from the script's settings. The `update()` function is invoked on each bar to update the ​​ZigZag object's fields and create new lines and labels when required. Look first. Then leap. █  TYPES This library contains the following types: Settings   Provides calculation and display attributes to ​ZigZag objects.   Fields:      devThreshold : The minimum percentage deviation from a point before the ​ZigZag will change direction.      depth : The number of bars required for ​pivot detection.      lineColor : Line color.      extendLast : Condition allowing a line to connect the most recent ​pivot with the current ​close.      displayReversalPrice : Condition to display the ​pivot ​price in the ​pivot label.      displayCumulativeVolume : Condition to display the cumulative ​volume for the ​pivot segment in the ​pivot label.      displayReversalPriceChange : Condition to display the change in price or percent from the previous ​pivot in the ​pivot label.      differencePriceMode : Reversal change display mode. Options are "Absolute" or "Percent".      draw : Condition to display lines and labels. ​Point   A coordinate containing time and price information.   Fields:      tm : A value in UNIX time.      price : A value on the Y axis (price). ​Pivot   A level of significance used to determine directional​ movement or potential support​ and resistance.   Fields:      ln : A line object connecting the `start` and `end` ​Point objects.      lb : A label object to display ​pivot values.      isHigh : A condition to determine if the ​pivot is a ​​pivot high.      vol : ​​Volume for the ​pivot segment.      start : The coordinate of the previous ​Point.      end : The coordinate of the current ​Point. ​ZigZag   An object to maintain ​Zig Zag​ settings, ​pivots, and ​volume.   Fields:      settings : Settings object to provide calculation and display attributes.      pivots : An array of ​​​Pivot objects.      sumVol : The ​​volume sum for the ​​​pivot segment.      extend : ​​Pivot object used to project a line from the last ​​​pivot to the last bar. █  FUNCTIONS This library contains the following functions: last​Pivot(this)   Returns the last ​​​Pivot of `this` ​​ZigZag if there is at least one ​​Pivot to return, and `na` otherwise.   Parameters:      this : (series ​​ZigZag) A ​​ZigZag object.   Returns: (​Pivot) The last ​​Pivot in the ​​ZigZag. update(this)   Updates `this` ​​​ZigZag object with new ​pivots, ​volume, ​lines, labels.   Parameters:      this : (series ​​ZigZag) a ​​ZigZag object.   Returns: (bool) true if a new ​Zig​ Zag​ line is found or the last Zig​ Zag​​ line has changed. newInstance(settings)   Instantiates a new ​ZigZag​ object with `settings`. If no settings are provided, a default ​ZigZag​​ object is created.   Parameters:      settings : (series Settings) A Settings object.   Returns: (​ZigZag) A new ​ZigZag​ instance.
Pine Script® library
by TradingView
94
Zig-Zag Open Interest Footprint [Kioseff Trading]Hello! This script "Zig Zag Open Interest Footprint" calculates open interest x price values for zig zag trends! Features Open interest footprints anchored to zig zag trends Summed OI x price level footprints Total OI (for each category) for the entire trend shown Standard POC lines, in addition to separated POC lines for each category of open interest x price possibility Up to 9999 profile rows per zigzag trend Stylistic options for profiles Configurable zig zag - footprints generated for small to large trends The zigzag indicator is configurable as normal; minor and major trend volume footprints are calculable. This indicator can be thought of as "Open Interest Footprint for Trends''. Up to 9999 open interest levels (price levels) can be calculated for each profile, thanks to the new polyline feature, allowing for less aggregation / more precision of open interest at price. Zig Zag OI Footprints The image above shows primary functionality! Green = Higher OI + Higher Price Yellow = Lower OI + Higher Price Purple = Higher OI + Lower Price Red = Lower OI + Lower Price Profiles are generated for each trend identified by the zigzag indicator. The image above shows the indicator calculating open interest x price for specific price blocks on the footprint. Aggregate open interest for the identified trend is displayed over the profile! Neon highlighted values correspond to the highest open interest change for the category. This is a configurable option :D The image above shows POC lines for each category of open interest x price! Additionally, you can select to show a single POV for footprint - the single level the greatest amount of OI change occurred. The indicator is robust enough to calculate on "long zig zags" and "short zig zags"; curved profiles can also be used! The image above shows key levels, each OI footprint, and summed OI values for the current trend! That's about it :D This indicator is part of a series titled "Bull vs. Bear" - a suite of profile-like indicators I will be releasing over the coming days. Thanks for checking this out! If you have any suggestions please feel free to share!
Pine Script® indicator
by KioseffTrading
10
The Next Pivot [Kioseff Trading]Hello! This script "The Next Pivot" uses various similarity measures to compare historical price sequences to the current price sequence! Features Find the most similar price sequence up to 100 bars from the current bar Forecast price path up to 250 bars Forecast ZigZag up to 250 bars Spearmen Pearson Absolute Difference Cosine Similarity Mean Squared Error Kendall Forecasted linear regression channel The image above shows/explains some of the indicator's capabilities! The image above highlights the projected zig zag (pivots) pattern! Colors are customizable (: Additionally, you can plot a forecasted LinReg channel. Should load times permit it, the script can search all bar history for a correlating sequence. This won't always be possible, contingent on the forecast length, correlation length, and the number of bars on the chart. Reasonable Assessment The script uses various similarity measures to find the "most similar" price sequence to what's currently happening. Once found, the subsequent price move (to the most similar sequence) is recorded and projected forward. So, 1: Script finds most similar price sequence 2: Script takes what happened after and projects forward While this may be useful, the projection is simply the reaction to a possible one-off "similarity" to what's currently happening. Random fluctuations are likely and, if occurring, similarities between the current price sequence and the "most similar" sequence are plausibly coincidental. That said, if you have any ideas on cool features to add please let me know! Thank you (:
Pine Script® indicator
by KioseffTrading
75
Zigzag3 -Invincible3Description: Zigzag3 - Invincible3 is a powerful and flexible support and resistance indicator for TradingView. Utilizing an enhanced ZigZag algorithm and Dow Theory principles, it detects price pivots, higher highs (HH), lower highs (LH), higher lows (HL), and lower lows (LL). The indicator draws lines and labels to visualize these pivots, making it easier to identify market structure, trends, and potential reversal points. The Length input allows traders to control the sensitivity of pivot detection. Support and Resistance Lines: Displays dotted and solid SR lines based on significant pivots to highlight key market zones. Option to extend support/resistance lines dynamically with real-time progression for the latest pivot. Labels for Dow Theory Points: Mark higher highs, lower highs, higher lows, and lower lows with customizable colors. Identifies market direction and potential breakout levels with visual clarity. ZigZag Line Visualization: Toggle the ZigZag lines to connect pivots for a better understanding of price movement. Dynamic Dotted Line Progression: A dotted line extends in real-time from the most recent significant pivot point, aiding in quick analysis. This indicator is ideal for traders looking to analyze market structure, identify trends, and spot potential reversals. It can be used as a standalone tool or in combination with other strategies for enhanced precision.
Pine Script® indicator
by invincible3
17
Double Top/Bottom - Ultimate (OS)This is zigzag based double top/bottom indicator. Code is same as : Double-Top-Bottom-Ultimate But, republishing it to make it available open source. Double Top: Recognition - Checks on Zigzag if LH is followed by HH Confirmation - When low crosses under last lower pivot point on zigzag Invalidation - When high crosses over HH Double Bottom: Recognition - Checks on Zigzag if HL is followed by LL Confirmation - When high crosses over last higher pivot point on zigzag Invalidation - When low crosses under LL Few input options: Option to display risk per reward which defines how steep is the W-M triangle. This is simply the ratio of price difference between mid point to top most and bottom most points. In case of double top , downside is considered as reward and upside is considered as risk and with double bottom , downside is considered as risk and upside is considered as reward. Lower risk per reward signifies better trade. Option to display stats which shows number of occurances of double top and bottom and how many times price crossed confirmation point and invalidation point (which are also marked with dashed lines) Stats are color coded. Higher confirmation rates are colored in shades of green, lower confirmation rates are colored in shades of orange whereas the neutral confirmation rates are coloed in light yellow.
Pine Script® indicator
by Trendoscope
92
Zig-Zag Volume Profile (Bull vs. Bear) [Kioseff Trading]Hello! Thank you @Pinecoders and @TradingView for putting polylines in production and making this viable!! This script "Zig Zag Volume Profile" implements the polyline feature for Pine Script! Features Volume Profile anchored to zig zag trends Bull vs Bear profiles! Delta x price level Standard POC and value area lines, in addition to separated POCs and value area lines for bull profiles and bear profiles Up to 9999 profile rows per zigzag trend Stylistic options for profiles Configurable zig zag - profiles generated for small to large trends Polylines! This script generates Bull vs. Bear volume profiles for zig zag trends! The zigzag indicator is configurable as normal; minor and major trend volume profiles are calculable. This indicator can be thought of as "Volume Profile/Delta for Trends''. Up to 9999 volume profile levels (price levels) can be calculated for each profile, thanks to the new polyline feature, allowing for less aggregation / more precision of volume at price and volume delta. Zig Zag Bull Vs Bear Profiles The image above shows primary functionality! Green profiles = buying volume Red profiles = selling volume Profiles are generated for each trend identified by the zigzag indicator. The image above shows the indicator calculating volume delta for specific price blocks on the profile. Aggregate volume delta for the identified trend is displayed over the profile! The image above shows Bull Profile POC lines and value area lines. Bear Profile POC lines and value area lines are also shown! All colors and transparencies are configurable to the user's liking :D Additionally, you can select to have the profiles drawn on contrasting sides. Bull Profile on left and Bear Profile on right. For a more traditional look - you can select to draw the Bull & Bear profiles on the same x-point. The indicator is robust enough to calculate on "long zig zags" and "short zig zags"; curved profiles can also be used! The image above exemplifies usage of the indicator! Bull & Bear volume profiles are calculated for trends on the 30-second timeframe. The image above shows a more "utilitarian" presentation of the profiles. Once more, line and linefill colors/transparencies are all customizable; the indicator can look however you would like it to! The image above shows key levels, the Bull vs. Bear profile, and volume delta for the current trend! That's about it :D This indicator is part of a series titled "Bull vs. Bear" - a suite of profile-like indicators I will be releasing over coming days. Thanks for checking this out! Of course, a big thank you to @RicardoSantos for his MathOperator library that I use in every script. If you have any suggestions please feel free to share!
Pine Script® indicator
by KioseffTrading
47
Bullish Volume AnomalyAnomaly is designed to spot hidden bullish accumulation before price actually breaks out, by blending a trend-aware volume measure with a volatility-adjusted price channel. Here’s how it works: First, it runs a simple ATR-based zigzag to identify the current swing direction. Volume is then signed (+ for up-trends, – for down-trends) and cumulatively summed. By converting that cumulative signed volume into a z-score over the past 480 bars, we get a sense of when buying or selling pressure is unusually strong relative to its own history. At the same time, price itself is normalized into a z-score over the same 480-bar window, and its change over that period is also tracked. These two measures—volume z-score (s) and price z-score (p)—are compared, and the indicator looks for moments when s outpaces p by at least two standard deviations (s – p > 2), while price momentum change remains low (c < 1) and the net volume is positive (s > 0). That combination flags instances where heavy buying is taking place but price hasn’t yet reacted. To define a dynamic trading zone, it plots a 288-bar EMA of price as the middle band (t2), and builds upper and lower bands around it using the average close-to-open range multiplied by a user-set factor. The lower band (t1) sits beneath the EMA by that volatility-based margin. A signal fires only when the bar’s high stays below t1—meaning price is still “sleeping” under the lower volatility boundary even as bullish volume builds up. Together, these filters home in on anomalies: strong, trend-aligned volume surges that outstrip price movement, occurring while price sits below its lower volatility band. In practice, that often marks early accumulation before a breakout. You can tweak the ATR length and multiplier for the zigzag, as well as the channel period and range factor, to suit different markets or timeframes.
Pine Script® indicator
by UnknownUnicorn13336802