OPEN-SOURCE SCRIPT
已更新

MTF Zig Zag

6 149
MTF ZigZag Pivot & Structure Tracker

A multi-timeframe market structure indicator that identifies, tracks, and visualizes significant pivot highs and lows using higher timeframe data, while projecting them onto the current chart for precise execution context.

  1. Detects pivot highs and lows using a configurable higher timeframe (MTF) ZigZag logic to map true structural swings.
  2. Tracks real-time formation of HTF candles to accurately anchor pivots to the exact bar where structure forms.
  3. Draws dynamic ZigZag lines to visualize market direction and structural transitions between highs and lows.
  4. Generates percentage-based move labels between pivots to quantify momentum and expansion.
  5. Plots optional price labels at each pivot for precise level identification.
  6. Extends horizontal lines from historical pivots to highlight key support and resistance zones.
  7. Includes optional Bollinger Bands and EMA overlays for additional context on volatility and trend.
  8. Uses array-based state management to efficiently store, update, and limit historical pivot data.
  9. Provides alerts for newly formed higher timeframe pivot highs and lows.


Pine Script®
發行說明
minor update
發行說明
MTF update

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