OPEN-SOURCE SCRIPT
Обновлено

ZigZag (Using Line Array)

12 164
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

Информация о релизе
Added updates mentioned in the description.
Информация о релизе
Corrected HL and LH labels
Информация о релизе
Added ratios display.
Информация о релизе
  • 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
Информация о релизе
Solved array index out of bounds issue
Информация о релизе
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.
Информация о релизе
  • Corrected minor logical error.
  • Removed DeviationThreshold as it was leading to wrong calculation

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.