PROTECTED SOURCE SCRIPT
Actualizado Recursive Zigzag

DO NOT USE THIS FOR TRADING. I am just showing off my new found recipe for pattern recognition ;)
This script generates recursive zigzags till there are only 2 pivots. So, the logic goes like this.
Level1 - Standard zigzag calculated from user input of length and max pivots using OHLC values
Level2 - Multi level zigzag calculated on the basis of level1 pivots.
Level3 - Multi level zigzag calculated on the basis of level2 pivots
..
..
..
Level(n) - Multi level zigzag calculated on the basis of level(n-1) pivots and number of derived pivots is 3 or less.
Ability to generate multi level zigzags were explored earlier in many scripts. But, they were just single level up from base and not fully recursive as this. This can be powerful piece of code for pattern recognition algorithms - will be exploring how useful these are going forward.
This script generates recursive zigzags till there are only 2 pivots. So, the logic goes like this.
Level1 - Standard zigzag calculated from user input of length and max pivots using OHLC values
Level2 - Multi level zigzag calculated on the basis of level1 pivots.
Level3 - Multi level zigzag calculated on the basis of level2 pivots
..
..
..
Level(n) - Multi level zigzag calculated on the basis of level(n-1) pivots and number of derived pivots is 3 or less.
Ability to generate multi level zigzags were explored earlier in many scripts. But, they were just single level up from base and not fully recursive as this. This can be powerful piece of code for pattern recognition algorithms - will be exploring how useful these are going forward.
Notas de prensa
Made few corrections. Plus added option for better visualisation.Notas de prensa
Update librariesNotas de prensa
Updated zigzag library versionNotas de prensa
Update to latest rZigzag libraryNotas de prensa
Updated library version.Added option to use only confirmed bars.
Notas de prensa
Hopefully last update for today :)Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.