[RS]3 Level ZigZag Semafor V0
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)