Zig Zag High Low

Zig Zag script that uses local minimums and maximums as pivot points . It can be used as a source for pattern recognition.
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


Here's the Enhancement I made based on your ZigZag Script.

Thanks again for your help! I love the community... Strength in numbers!

Trade well, and trade Long!

+5 Antworten
Does it account for different timeframes?
+5 Antworten
Tr0sT Virking_online
@Virking_online, it uses only "current" timeframe
Will this change the final leg after price moves?
+4 Antworten
Tr0sT colibribull
@colibribull, yes, it can
+2 Antworten
Hello Fellow Traders
I have been using this indicator for a while now. Could anyone help me with how can we use it on a back day? I have to backtest a strategy so would require it on historical days. Is there a way we can do it?

I first want to say I love your script Tr0sT . I've use it alot.

I'm not much into proraming but i have thought of something, if we have such a good trend patern recognition with this . Can't we implement in it Fibonaci values too and also create alarms based on it ?

For example once a new high or low is made and the price goes in the opposite direction, We get an alarm on that asset when the price reache 38% retracement on the movement.

What do you guys think of this ?
Hello Tr0sT
I'm a fan of your script. I found it through a mention by ocaptain, who you helped expand your script with RSI.

I'm trying to learn how your script works. It appears that when Price-Direction is UP (dirUp), your f_drawLine() function sets the line-color to Teal and otherwise sets it to Orange. However, the line-colors on the chart appear reversed. The line is set to Orange when Price-Direction is UP, and otherwise it's set to Teal. Can you explain where this logic gets reversed or what I'm missing? Thanks
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