[RS]ZigZag Multiple Methods - Forecast - patterns - labels

Updated

experimental:
zigzag indicator with all the zigzag methods that im aware of(that matter atleast), theres something for all tastes there :P
this will be the basis for zigzag tools i make in the future.

note: some zigzags REPAINT.

Release Notes

improved range based methods to detect reversals, still not perfect(sometimes it uses a previous bar it should not), but atleast it will act better with volatile markets when the range is smaller that the volatility level.

Release Notes

Added a very requested leg volume information to labels (currently attached to price label) this may change later with addition of other volume metrics

Release Notes

modified color profiling (work in progress)
changed likely square to use box function
overhauled line/label system using arrays for better control.

Release Notes

v5 update, removed pattern detection individual options as its handled in a library now, added color option for reverse line, text size option, fixed minor bug with reversal line and improved labels pattern text position.

Release Notes

zigzag function is now handled in external library.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

RicardoSantos

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