Moving Average Based Zig Zag differs from the traditional Zig Zag indicator in that pivot points are determined by a moving average, Volume Weighted Hull Moving Average, rather than looking for the highest or lowest point in a left / right period.
Source: the source for the pivot points.
Moving Average Length: the length of the Volume Weighted Hull...
Using 10 and 200 Simple moving averages, we capitalize on price pullbacks on a general uptrend to scalp 1 - 5% rebounds. 200 MA is used as a general indicator for bullish sentiment, 10 MA is used to identify pullbacks in the short term for buy entries.
An optional bonus: market crash of 20% from 52 days high is regarded as a buy the dip signal.
ZigZag for Trend and Retracements - New way
It's another way to plot ZigZag based on lookback period for trend and % of trend lookback period to plot retracements.
Plot ZigZag, Trend lines, Retracements, Support levels, Resistance levels
Draw ZigZag lines along with unbroken support and resistance levels. ZigZag lines are drawn...
The Zig Zag indicator is a useful tool when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and troughs.
Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ
This study combines various Fibonacci concepts into one, and some basic volume and volatility indications
█ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several...
First of all, I'd like to thank Ricardo Santos, Backtest Rookies for the inspiration for this script.
Actually, most of it is coming from them and I only mixed them up (and added my secret sauce ^^). If some of you are not thinking about a trading secret sauce, please get serious for a moment :)
Some of you asked me how I do to set the trend...
Hey Awesome Traders
I noticed people were so happy with my ZigZag lucemanb script and so I made one that is more user-friendly and customizable
Please note the original one is dedicated to developers, The code is very minimal for fast understanding when anyone wants to use it in their development
In this script, I have included several features like...
For a few months I have been getting requests from my followers about ABC pattern and finally I decided to make this indicator.
How it works?
- It creates Trend Cloud using Simple and Exponential moving averages with the lenghts 50, 100, 150, 200, 20, 40 by default and checks the trend. you can change the lengths as you wish
- It also creates...
I spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but...
Pitchfork is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature
Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork
It is created by placing three points at the end of...
The following indicator returns a line bouncing of the extremities of a Donchian channel, with the aim of replicating a "zig-zag" indicator. The indicator can both be lagging or lagging depending on the settings user uses.
Various extended lines are displayed in order to see if the peaks and troughs made by the Donchian zig-zag can act as potential...
A follower asked me to convert my Trend Direction Helper into a strategy
So blessed this indicator reached the 1400+ likes milestone - I can't believe how many people are trading with it
I based the setup as follow:
- Entries on those green/red labels
- exit whenever a Simple Moving Averages cross in the opposite direction happen
Lets dabble a bit into Elliot Waves.
This is a simple script which tries to identify Wave 1 and 2 of Elliot Impulese Wave and then projects for Wave 3.
Ratios are taken from below link: elliottwave-forecast.com - Section 3.1 Impulse
Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 - used for identifying the pattern.
Wave 3 is 161.8%, 200%, 261.8%, or...
Here Double Zig Zag with HHLL script is with you. it calculates 2 Zig Zag simultaneously and draws them, and also it calculates and puts Higher High, Lower Low, Higher Low, Lower High labels. All these are done dynamically, it means last HH/HL/LL/LH can change. if price continues to go up then HL can turn to LL or if price continues to go down...
What is it?
This is an indicator to complement @modhelius' Weis Wave Volume Indicator.
Original code has been modified to display wave volume (cumulative) numbers above or below the latest candle of the corresponding wave on the main pane. Since we are concerned only with relative volume, VOLUME NUMBERS HAVE BEEN SCALED DOWN. (If you need actual volume numbers,...
I would like to introduce you Structured zigzag support&resistance. It is based on the ZigZag semafor script made by DevLucem so shout out to him
The indicator is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones
I's the same zigzag indicator as my other zigzag indicator with...