2804 18 467
Still in test mode
**UPDATE to include colour background BUY / SELL SIGNAL *** -

Double channel with double conformation of pivot / trend reversal
I have a similar concept to this running on MT4 which works quite well together.
Both channels can be customised by changing minutes, D , W , M
I haven't been able to test this out so feel free to do so yourself

Plz not that Im not a coder, But Im learning :)
The base of this code came from @RicardoSantos fib monthly ranges which I stripped out & modified and incorporated zigzag

Clean chart

Remove from Favorite Scripts Add to Favorite Scripts
study("Vdub_Tetris_V0", overlay=true)
Sml_Channel_TF_mins_D_W_M = input("D")
Range = input(1)

SELL = security(tickerid, Sml_Channel_TF_mins_D_W_M, highest(Range))
BUY = security(tickerid, Sml_Channel_TF_mins_D_W_M, lowest(Range))

HI = plot(SELL, color=SELL!=SELL[1]?na:red,linewidth=4 )
LO = plot(BUY, color=BUY!=BUY[1]?na:green,linewidth=4 )
fill(HI, LO, color=aqua, transp=75)
Hcon = high >= SELL
Lcon = low <= BUY

plotshape(Hcon, style=shape.triangledown, color=maroon, location=location.abovebar, text='SELL')
plotshape(Lcon, style=shape.triangleup, color=green, location=location.belowbar, text='BUY')
range = SELL-BUY
Lrg_Channel_TF_mins_D_W_M = input('W')
M_HIGH = security(tickerid, Lrg_Channel_TF_mins_D_W_M, high)
M_LOW = security(tickerid, Lrg_Channel_TF_mins_D_W_M, low)
plot(M_HIGH, color=M_HIGH != M_HIGH[1] ?na:fuchsia, style=line, linewidth=2)
plot(M_LOW, color=M_LOW != M_LOW[1] ?na:fuchsia, style=line, linewidth=2)
length = input(2)
hls = rma(hl2, length)
isRising = hls >= hls[1]

zigzag1 = isRising and not isRising[1] ? lowest(length) :  not isRising and isRising[1] ? highest(length) : na
plot(zigzag1, color=black)

Zigzag2 = input(true)
zigzag = Hcon ? high : Lcon ? low : na
plot(not Zigzag2 ? na : zigzag, color=red, style=line, linewidth=3) 


Very interesting idicator. Do you have MT4 version of it?
vdubus PRO Eugene_Titov
Here's you can download a few of what I have. Look for two indicators - Arrows & Curves / Butterfly. There's no channel but both these indicator use zigag formation. The 'Strategy is the Butterfly get painted then wait for Arrows & curves to be painted side by side. img. https://drive.google.com/file/d/0BxZa2n8Rjge4eXo2SkNRRDMwZzA/view?usp=sharing
I use both of these along side Mean Renko Bars but I guess they'd work fine on a standard chart
Downloads - https://drive.google.com/open?id=0BxZa2n8Rjge4fmRjR1Y1RVZURTJzTzVseWdRQU5vdkVBSE1qc3BqYnhTZVdOMnJTT0xTQTA&authuser=0
I am learning Forex as well as option. it might help. Thank You
vdubus PRO RedBulls
you may find this one better

does this work in real time or does it lag a little bit?
This is probably one my favorite indicators on tradingview and in general. But I have no idea how the signals are generated/calculated? :p
In the script it says something about rma, is that rsi moving average?
I just found out that this is just stupid repainting. Thanks for losing me money with this fake crap
vdubus PRO BradleyJo
@BradleyJo, to easy to blame the indicator. Lack of knowledge & bad money management Learn to trade & then you have grounds to voice your opinion.
@vdubus, Lol? The indicator is useless - it exploits the repaint bug, and you should have let people know that this repaints. It says sell but if the price increases it it will remove that sell and place it higher every time.
vdubus PRO BradleyJo
@BradleyJo, all indicators repaint. What kind of muppet trades real money on a strategy that the have never tested ! LOL Seriously buddy Im sorry that you lost your money but it has nothing to do with the indicator why you lost it.
it s just amazing for short period trade but guess t s not suitable higher time frame. Have you ever noticed that and worked on it?
Thanks million times
vdubus PRO fatih_er
@fatih_er, Thank you. I have evolved slightly on this concept lol I wrote a post over on forex factory describing the fundamental basis & rule set of my strategy. The rules can be applied to any time frame or market https://www.forexfactory.com/showthread.php?t=612642

For smaller times frames I prefur to switch to stoch
Same rule set using 1 min chart
@vdubus, thx alot. I am a big fan of RSI and I guess, RSI and BB% have almost same result. Regarding Periods, I got a solution to change smallest and largest time frame. Just last question, is there any way to use minutes? Because when I try to write mins, Mins or Minutes, it gets an error.

Best. BTW, do u use tweeter?
vdubus PRO fatih_er
@fatih_er, just enter number of minutes ie. 5, 30 , 60 etc I am on twitter but don't really use it. I tend to use facebook more. RSI, bb%, cci stc are basically all the same https://www.forexfactory.com/attachment.php?attachmentid=2050663&d=1477625248
@vdubus, u re just great! thx one more times
@fatih_er, btw, I use Vdub_Tetris_V0 and I couldn't find a newest version with numbers? Which one of your indicators do you suggest to use for pivots? If Vdub_Tetris_V0 is the better ones, is it possible to adding that code parts on it , please?


Hi, fatih_er

I read your comment on the script, vdub_Tetris_V0

You said Tetris is amazing for short time frame trade.

I want to ask you how to use Tetris.

I mean the condition (parameter setting, time frame and which trade (stock, crude oil, gold, etc.)).

Please answer me. I want to also use Tetris rightly.

Thank you.
@lhw21232, I use on Turkish stock market and I realy like to showing to pivots. It is very useful for short term buy&sell. But when you want to use it on higher time frame, so many signals generated. thats why you need to fine tune it. I am still trying to find best timeframe and settings as well. I hope @vdubus gonna add new settings on it.
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