
Pinescriptlabs Store indicators: 🤖Pinescriptlabs Store cBots : (cBot)
PRICE ACTION (New)
Gold & BTC BreakoutSession Pivots(new)
SmartTrend Support &
Resistance
Lines
Dynamic
Market Structure
Analysis
of
Turning Points
Fibonacci
Linear
Regression
Multi-timeframe
Auto
Support and
Resistance
Trend
Lines
All
Support and
Resistance
Levels
Zig Zag Support & Resistance with Swings
1. What Does This Indicator Do? ❓
🔍 Detects Price Swings (Highs & Lows)
- Scans recent bars ("Analysis Depth") to find the highest/lowest price in that range.
- Validates swings with a % threshold (e.g., 1%+ change vs. last swing) → Marks new ✅ Swing Highs/Lows.
- Reduces noise ⚡: Only confirms swings if half the analysis period passes without a higher high/lower low.
📉 Draws Zigzag Trendlines
- Connects swings with dynamic lines:
- 🟢 Green = Uptrend (new swing > prior).
- 🔴 Red = Downtrend (new swing < prior).
⏹️ Highlights Key Levels
- Support/Resistance Lines: Drawn at each swing’s exact price, extended rightward
- Labels show price values 📌 (e.g., "1.1050") for instant analysis.
🚦 Reveals Market Structure
- Identifies trends at a glance:
- Bullish = Higher Highs (HH) + Higher Lows (HL).
- Bearish = Lower Highs (LH) + Lower Lows (LL).
2. How to Use It (Setup Guide) ⚙️
Install on cTrader: Drag & drop onto your chart!
Key Settings:
- Analysis Depth 🔎:
10
(default) → Higher values filter noise; lower values catch more swings. - Price Deviation % 📏:
1.0%
(adjustable) → Min. price change to validate swings. - Swing Labels 🏷️ (HH/HL/LH/LL): Toggle On/Off.
- Extend Lines ➡️: Project S/R levels infinitely or limit to current bars.
More from this author
Anda juga mungkin suka
Indikator
forex
VegaXLR - Moving Average Alerts
A powerful cTrader indicator with customizable Moving Average alerts, notifications, and automated trading actions.
Indikator
bollinger
E7 Indicators Free Overlays
Bollinger Band Cloud, Heiken Ashi, Trend Follower and Parabolic SAR.
Indikator
macd
RT MACD Histogram
Enhance MACD Histogram! Visualize bull and bear price changes with vibrant colors for clearer, more insightful trading.