Absolute ZigZag

19. Sept. 2024

This ZigZag Indicator is a bit unique in it's kind.
It uses my own Absolute ZigZag Lib to calculate the pivots:

Instead of using percentages or looking more than 1 bar left or right, this Zigzag library calculates pivots by just looking at the current bar highs and lows and the ones of one bar earlier. This is a very fast and accurate way of calculating pivots.

The library also features a solution for bars that have both a higher high and a higher low like seen below.


You can also use your own colors for the labels and the lines:


You can also quickly select a one-colored theme without changing all colors at once:

27. Nov. 2024

Versionshinweise

This ZigZag Indicator is a bit unique in it's kind.
It uses my own Absolute ZigZag Lib to calculate the pivots:

Instead of using percentages or looking more than 1 bar left or right, this Zigzag indicator calculates pivots by just looking at the current bar highs and lows and the ones of one bar earlier. This is a very fast and accurate way of calculating pivots.

The indicator also features a solution for bars that have both a higher high and a higher. In this situation the indicator will look into a lower time-frame to detect what event happened first. You can turn this feature off in the settings.

13. Jan.

Versionshinweise

Added support for custom amount of pivots to be shown on the chart

13. Jan.

Versionshinweise

Update: Pivot Limit setting now under General section in settings screen

11. März

Versionshinweise

Update: Fixed error on 1 minute charts for users that have lower tiers or free subscription plans.
Users with subscription plans that support second charts can now mark a checkbox in the settings that allows the script to process seconds charts for accurate in-candle lookup.