OPEN-SOURCE SCRIPT
Swing from stochastic with alert
Stochastic ZigZag [SH/SL] — How It Works
This indicator uses the Stochastic %K (9,3,3) to identify and confirm Swing Highs and Swing Lows on the price chart, then connects them with a ZigZag line.
Swing Detection Logic
When %K crosses below 20 → enters "seeking Low" mode, tracking the lowest price. Once %K crosses above 80, that lowest point is confirmed as a Swing Low (SL)
When %K crosses above 80 → enters "seeking High" mode, tracking the highest price. Once %K crosses below 20, that highest point is confirmed as a Swing High (SH)
If the same swing type repeats before the opposite appears, only the more extreme value is kept
Visual Output
ZigZag line connecting alternating SH and SL points (customizable color, width, style)
Tiny SH / SL labels at each confirmed swing point
Dashed horizontal level lines extending right from each confirmed SH and SL (last 3 of each shown); a level line ends at the bar where price closes through it
This indicator uses the Stochastic %K (9,3,3) to identify and confirm Swing Highs and Swing Lows on the price chart, then connects them with a ZigZag line.
Swing Detection Logic
When %K crosses below 20 → enters "seeking Low" mode, tracking the lowest price. Once %K crosses above 80, that lowest point is confirmed as a Swing Low (SL)
When %K crosses above 80 → enters "seeking High" mode, tracking the highest price. Once %K crosses below 20, that highest point is confirmed as a Swing High (SH)
If the same swing type repeats before the opposite appears, only the more extreme value is kept
Visual Output
ZigZag line connecting alternating SH and SL points (customizable color, width, style)
Tiny SH / SL labels at each confirmed swing point
Dashed horizontal level lines extending right from each confirmed SH and SL (last 3 of each shown); a level line ends at the bar where price closes through it
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。