Single Target After Pivot by Santiago Rebello
Zig Zag - Single Target After Pivot is an advanced structural charting tool designed to isolate the most recent confirmed market pivot (High or Low) and project a dynamic, time-based structural target directly into the future. By utilizing the native TradingView ZigZag framework (v7), this indicator eliminates lagging market signals and provides real-time projection horizons for swing traders and trend followers.
Unlike standard ZigZag indicators that only look backward, this script introduces a forward-looking predictive modeling vector that anchors to the last confirmed structural breakout.
How It Works (The Core Logic)
Structural Detection: The script uses an optimized multi-point ZigZag calculation matrix to establish structural validation points based on user-defined percentage deviations and depth settings.
Dynamic Target Extrapolation:
When the last confirmed pivot is a High, the script identifies a potential downside continuation or retracement target. It calculates a Target Low by subtracting the deviation percentage from the pivot price.
When the last confirmed pivot is a Low, the script identifies an upside target. It calculates a Target High by adding the deviation percentage to the pivot price.
Time-Based Projections: Instead of basic horizontal lines, this script uses high-precision millisecond-time mapping (xloc.bar_time) to project a trajectory slope into the future right-hand margin of the chart over a designated timeframe horizon (Target Days).
Key Features
Forward-Looking Target Vector: Dashed target projection lines and labels cleanly map out explicit price objectives and time horizons in the future blank space of your chart.
Anchor Historical Prints: Optional historical label triggers map midpoint bar counters directly over confirmed pivots for rapid backtesting validation.
Real-time Metric HUD Dashboard: An elegant UI table pinned to the top right tracks absolute structural statistics, including total validated pivots, target scan horizons, and current active trend objectives.
Input Configurations
Price Deviation (%): Controls the sensitivity of the pivot detection engine. Higher percentages isolate major macroeconomic wings; lower values target micro-scalping structures.
Pivot Legs (Depth): Sets the minimum bar spacing required between consecutive highs/lows to confirm structural integrity.
Target Days: The exact future bar/time horizon used to project the predictive target vector outward.
Unlike standard ZigZag indicators that only look backward, this script introduces a forward-looking predictive modeling vector that anchors to the last confirmed structural breakout.
How It Works (The Core Logic)
Structural Detection: The script uses an optimized multi-point ZigZag calculation matrix to establish structural validation points based on user-defined percentage deviations and depth settings.
Dynamic Target Extrapolation:
When the last confirmed pivot is a High, the script identifies a potential downside continuation or retracement target. It calculates a Target Low by subtracting the deviation percentage from the pivot price.
When the last confirmed pivot is a Low, the script identifies an upside target. It calculates a Target High by adding the deviation percentage to the pivot price.
Time-Based Projections: Instead of basic horizontal lines, this script uses high-precision millisecond-time mapping (xloc.bar_time) to project a trajectory slope into the future right-hand margin of the chart over a designated timeframe horizon (Target Days).
Key Features
Forward-Looking Target Vector: Dashed target projection lines and labels cleanly map out explicit price objectives and time horizons in the future blank space of your chart.
Anchor Historical Prints: Optional historical label triggers map midpoint bar counters directly over confirmed pivots for rapid backtesting validation.
Real-time Metric HUD Dashboard: An elegant UI table pinned to the top right tracks absolute structural statistics, including total validated pivots, target scan horizons, and current active trend objectives.
Input Configurations
Price Deviation (%): Controls the sensitivity of the pivot detection engine. Higher percentages isolate major macroeconomic wings; lower values target micro-scalping structures.
Pivot Legs (Depth): Sets the minimum bar spacing required between consecutive highs/lows to confirm structural integrity.
Target Days: The exact future bar/time horizon used to project the predictive target vector outward.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.