zigzag indicator with all the zigzag methods that im aware of(that matter atleast), theres something for all tastes there :P
this will be the basis for zigzag tools i make in the future.
note: some zigzags REPAINT.
Hey Awesome Traders
I noticed people were so happy with my ZigZag lucemanb script and so I made one that is more user-friendly and customizable
Please note the original one is dedicated to developers, The code is very minimal for fast understanding when anyone wants to use it in their development
In this script, I have included several features like...
As requested a TEST script when possible future
Harmonic Patterns may occur, in this case the ABCD pattern.
When A, B, C are valid, the script will plot 2 lines between A-B and B-C, together with
2 white arrows,,where D MUST be in the future to become a valid ABCD pattern.
First of all, D MUST be a Pivot point, after which D must lay between D- and D+
A follower asked me to convert my Trend Direction Helper into a strategy
So blessed this indicator reached the 1400+ likes milestone - I can't believe how many people are trading with it
I based the setup as follow:
- Entries on those green/red labels
- exit whenever a Simple Moving Averages cross in the opposite direction happen
This is just experimenal zigzag
The zigzag % is adaptation of Ricardo santos old Zigzag %
the pivot are from pine script manual
So it try to cross them together
I think it need much work
but as i idea i put it for anypne who is interested
- Best to have it in dark mode
- It would be great with Volume, StochRSI and MACD
1. MA/EMA Cross
2. Dual Bollinger Band
5. Swing High/Low
- Please let me know if you found a better way of implementing ZigZag.
THIS CODE IS BASED FROM THE MT4 ZIGZAG INDICATOR
THE ZIGZAG SETTINGS FOR THE MAIN ONE ON TRADINGVIEW DO NOT WORK THE SAME AS MT4
I HOPE U LOVE IT
I have had tons of experience on the ZIGZAG indicator and thought this might help someone.
Enjoy this code. Zigzag is a good indicator in many ways and people underestimate it because of its repainting
First of all, I'd like to thank Ricardo Santos, Backtest Rookies for the inspiration for this script.
Actually, most of it is coming from them and I only mixed them up (and added my secret sauce ^^). If some of you are not thinking about a trading secret sauce, please get serious for a moment :)
Some of you asked me how I do to set the trend...
This is another among zillions of attempts at a moving average of a security. More precisely, two attempts at one go). The zzoid function generates a zigzag-like MA that can adopt different forms. The stepline function creates, sure enough, a stepline.