EXPERIMENTAL:
request for CharanTejaM
zigzag may be adjusted to use other methods.
zigzag repaints, use at your own discretion.
request for CharanTejaM
zigzag may be adjusted to use other methods.
zigzag repaints, use at your own discretion.
study(title='[RS]3 Level ZigZag Semafor V0', shorttitle='3LZZS', overlay=true) showZigZags = input(false) useAltTF1 = input(false, title='Use Alt Timeframe') tf1 = input('5', title='Alt Timeframe') tf2 = input('15', title='Alt Timeframe') tf3 = input('30', title='Alt Timeframe') zigzag() => _isUp = close >= open _isDown = close <= open _direction = _isUp[1] and _isDown ? -1 : _isDown[1] and _isUp ? 1 : nz(_direction[1]) _zigzag = _isUp[1] and _isDown and _direction[1] != -1 ? high : _isDown[1] and _isUp and _direction[1] != 1 ? low : na zz1 = useAltTF1 ? (change(time(tf1)) != 0 ? security(tickerid, tf1, zigzag()) : na) : zigzag() zz2 = (change(time(tf2)) != 0 ? security(tickerid, tf2, zigzag()) : na) zz3 = (change(time(tf3)) != 0 ? security(tickerid, tf3, zigzag()) : na) plot(not showZigZags ? na : zz1, title='zigzag1', color=black, linewidth=1) plot(not showZigZags ? na : zz2, title='zigzag2', color=blue, linewidth=2) plot(not showZigZags ? na : zz3, title='zigzag3', color=red, linewidth=3) is_lvl1_high = zz1 and zz1 >= high is_lvl2_high = zz2 and zz2 >= high is_lvl3_high = zz3 and zz3 >= high is_lvl1_low = zz1 and zz1 <= low is_lvl2_low = zz2 and zz2 <= low is_lvl3_low = zz3 and zz3 <= low plotchar(series=is_lvl1_high, title='1', char='', location=location.abovebar, color=red, transp=0, text='1', textcolor=red) plotchar(series=is_lvl2_high, title='2', char='', location=location.abovebar, color=red, transp=0, text='2\n', textcolor=red) plotchar(series=is_lvl3_high, title='3', char='', location=location.abovebar, color=red, transp=0, text='3\n\n', textcolor=red) plotchar(series=is_lvl1_low, title='1', char='', location=location.belowbar, color=lime, transp=0, text='1', textcolor=lime) plotchar(series=is_lvl2_low, title='2', char='', location=location.belowbar, color=lime, transp=0, text='\n2', textcolor=lime) plotchar(series=is_lvl3_low, title='3', char='', location=location.belowbar, color=lime, transp=0, text='\n\n3', textcolor=lime)