Indicador Zig Zag
Indicadores, estrategias y bibliotecas
This is a divergence indicator that draws regular and hidden divergences based on the Zigzag indicator and RSI indicator. There are two degrees of Zigzag. So, in each Zigzag degree, there are two types of regular divergences and one type of hidden divergence. 👉(The logic is written in case of a bearish regular divergence. The opposite will apply for a bullish...
Indicador Zig Zag
Observe que a cada pata hacia arriba siempre le sigue una pata bajista abajo y viceversa. El indicador de Zig Zag es similar a una media móvil: ambos señalan un cambio de tendencia cuando el indicador cambia de dirección. Tanto si se utiliza solo como en combinación con otras técnicas, el indicador Zig Zaga es una herramienta útil en el conjunto de instrumentos de un trader técnico.
This is experimental script for zigzag which uses type, method and array. Not recommend for actual usage, for pine script study maybe useful. In this experiment, I use type as coded below. It seems have limitation as specially when push as array. As Trading View recommendation, pushing float and int into array especially for type not guarantee to work. I agree...
![EURUSD: [JL] Supertrend Zone Pivot Point with zigzag fib](https://s3.tradingview.com/h/HrcAAGcU_mid.png "[JL] Supertrend Zone Pivot Point with zigzag fib")
This is an open-source Pine script that generates a Supertrend Zone Pivot Point with Zigzag Fib indicator for TradingView. The indicator displays the Supertrend Zone, pivot points, and Fibonacci levels on the chart. One of the unique features of this indicator is that it uses a Zigzag that does not repaint, ensuring accurate high and low points for the pivot...
this indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time. The table above shows the percentage distance of the price from the last high and the last low. zigzags are painted green when making higher peaks, while...
![ETHUSDT: Recursive Zigzag [Trendoscope]](https://s3.tradingview.com/j/J6mxhxdn_mid.png "Recursive Zigzag [Trendoscope]")
Here is an another outcome of Object Oriented Zigzag and Pattern Ecosystem of Libraries. We already have another implementation of recursive zigzag which makes use of earlier library rzigzag . Here in this example, we make use of similar logic but leverage the new type and method based Zigzag system libraries to derive the indicator. 🎲 Design Overview ...
█ OVERVIEW This indicator displays zigzag based on high and low, which is using user-defined types (UDT) or objects . █ CREDITS LonesomeTheBlue █ FEATURES 1. Label can be resized. 2. Label can be display either short (Eg : HH, LL, H, L, etc) and long (Eg : Higher Low, etc) 3. Color can be customized either contrast color of chart background, trend...
![EURUSD: 3 Zigzag for MTF Fib Alert [MsF]](https://s3.tradingview.com/r/RDhgaIHB_mid.png "3 Zigzag for MTF Fib Alert [MsF]")
Japanese below / 日本語説明は英文の後にあります。 ------------------------- This indicator that automatically displays Fibonacci from each High & Low based on 3 Zigzags. It's useful for multi-timeframe analysis. For example, Fibonacci calculated from the high and low prices (Zigzag 3 Period=100) of the upper timeframe can be displayed on the lower timeframe. Also, you can set...
![ETHUSDT: Band-Zigzag - TrendFollower Strategy [Trendoscope]](https://s3.tradingview.com/9/9FsHYtrq_mid.png "Band-Zigzag - TrendFollower Strategy [Trendoscope]")
Strategy Time!!! Have built this on my earlier published indicator Band-Zigzag-Trend-Follower . This is just one possible implementation of strategy on Band-Based-Zigzag . 🎲 Notes Experimental prototype. Not financial advise and strategy not guaranteed to make money despite backtest results Not created or tested for any specific instrument or...
The "Zig Zag Stochastic" indicator is an indicator that uses a combination of zigzag pivot points and exponential smoothing to calculate a stochastic-like oscillator. The indicator starts by identifying pivot high and pivot low points in the price data using the Zigzag indicator. These pivot points are then used to calculate the scale_price, which is a ratio of...
We defined new method to derive zigzag last month - which is called Channel-Based-Zigzag . This script is an example of one of the use case of this method. 🎲 Trend Following Defining a trend following method is simple. Basic rule of trend following is Buy High and Sell Low (Yes, you heard it right). To explain further - methodology involve finding an...
![ETHUSDTPERP: Multi-Timeframe MA Based Zigzag[liwei666]](https://s3.tradingview.com/g/G7BOD0Uf_mid.png "Multi-Timeframe MA Based Zigzag[liwei666]")
🎲 Overview 🎯 This Zigzag indicator build based on different MA such as EMA/HMA/RMA/SMA, support multi-timeframe setting . you can get customer zigzag indicator by change short/long ma length and high-timeframe config(5m/15m/30m/1h/2h) in any symbol. 🎲 Indicator design logic 🎯 entired logic is simple and code looks complex, I‘ll explain core logic here, code...
![ETHUSDT: Wolfe Strategy [Trendoscope]](https://s3.tradingview.com/e/EGvQ2nLb_mid.png "Wolfe Strategy [Trendoscope]")
Hello Everyone, Wish you all Merry X-Mas and happy new year. Lets start 2023 with fresh new strategy built on Wolfe Indicator. Details of the indicator can be found here 🎲 Wolfe Concept Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below: For simplicity, we will only consider static value for...
![EURUSD: ZigCycleBarCount [MsF]](https://s3.tradingview.com/i/IvEXl5k9_mid.png "ZigCycleBarCount [MsF]")
Japanese below / 日本語説明は英文の後にあります。 Based on "ZigZag++" indicator by DevLucem. Thanks for the great indicator. ------------------------- This indicator that displays the candle count (bar count) at the peaks of Zigzag . It also displays the price of the peaks. You can easily count candles (bars) from peak to peak. Helpful for candles (bars) in cycle theory. This...
![BTCUSDT: Next Pivot Projection [Trendoscope]](https://s3.tradingview.com/d/dkSaWOLA_mid.png "Next Pivot Projection [Trendoscope]")
Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot) 🎲 Previous experiments 1. Divergence-Backtester 2. Divergence-Backtester-V2 🎲 Additions Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of...
Further attempts to study divergence impact on price in shorter terms. Previous study can be found here: In this script, we are trying to gather the stats based on last two pivot state together. For example, Individual table of Pivot High Projection is as explained below: But, by looking at the bigger picture, we can further estimate following things...
There is n number of possible ways in which we can backtest divergence and this is just a start :) In this script, we are trying to count how many times the pivots made HH, HL, LH, LL after a particular divergence state. An example of using data is as below: The script keeps track of each pivot sentiment and resulting next pivot state. As mentioned in the...
Another ZigZag, yes... I believe though this concerns another angle/principle, therefore I wanted to share How does it work? Given: source for level breach -> close X breaches -> 3 Let's say this is the latest found 'lower low' (LL - blue dot under bar): This bar has been triggered because 3 bars closed under low...
Micro zigzag is created based on similar concepts as that of zigzag but by using lower timeframe intra-bar data. The lines join candle's high/low points but also depict how the price movement within the candle happened. That is, if the high of the candle is reached first, pivot from previous candle join the high first and then low and vice versa. The output can...