ZigZag (Using Line Array)

3 jul 2021

This is standard zigzag indicator. I just coded them using lines array feature of pine - so that it can be done in least number of lines of code.

Few possible improvements:

• Use label array to mark HH, HL, LH and LL
  
• Add standard deviation check
  

3 jul 2021

Notas de prensa

Added updates mentioned in the description.

3 jul 2021

Notas de prensa

Corrected HL and LH labels

4 jul 2021

Notas de prensa

Added ratios display.

5 jul 2021

Notas de prensa

• Previously, using pivotHigh and pivotLow on every bar for last 10 periods caused some inconsistencies in plotting zigzag. Hence, switched to points based calculation. However, zigzags are still created via lines array
  
• Fixed empty label issue
  

5 jul 2021

Notas de prensa

Solved array index out of bounds issue

11 jul 2021

Notas de prensa

Adding option to apply zigzag on different source such as RSI. This enables plotting zigzag and ratios on RSI - which can be used for finding divergence.

13 jul 2021

Notas de prensa

• Corrected minor logical error.
  
• Removed DeviationThreshold as it was leading to wrong calculation