senpai

ZigZag Advance Pattern from Santos + My BB500.2 Study

1772 2 346
Trend Follower Set-Up
Remove from Favorite Scripts Add to Favorite Scripts
study("[RS]ZigZag PA V4 Advanced Patterns V0.01", overlay=true)
useHA = input(false, title='Use Heikken Ashi Candles')
useAltTF = input(true, title='Use Alt Timeframe')
tf = input('60', title='Alt Timeframe')
showPatterns = input(true, title='Show Patterns')
showFib0000 = input(title='Display Fibonacci 0.000:', type=bool, defval=true)
showFib0236 = input(title='Display Fibonacci 0.236:', type=bool, defval=true)
showFib0382 = input(title='Display Fibonacci 0.382:', type=bool, defval=true)
showFib0500 = input(title='Display Fibonacci 0.500:', type=bool, defval=true)
showFib0618 = input(title='Display Fibonacci 0.618:', type=bool, defval=true)
showFib0764 = input(title='Display Fibonacci 0.764:', type=bool, defval=true)
showFib1000 = input(title='Display Fibonacci 1.000:', type=bool, defval=true)
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 ? highest(2) : _isDown[1] and _isUp and _direction[1] != 1 ? lowest(2) : na

_ticker = useHA ? heikenashi(tickerid) : tickerid
sz = useAltTF ? (change(time(tf)) != 0 ? security(_ticker, tf, zigzag()) : na) : zigzag()

plot(sz, title='zigzag', color=black, linewidth=2)

//  ||---   Pattern Recognition:

z = valuewhen(sz, sz, 6) 
y = valuewhen(sz, sz, 5) 
x = valuewhen(sz, sz, 4) 
a = valuewhen(sz, sz, 3) 
b = valuewhen(sz, sz, 2)
c = valuewhen(sz, sz, 1)
d = valuewhen(sz, sz, 0)

zyx = (abs(x-y)/abs(z-y))
zyb = (abs(b-y)/abs(z-y))
zyd = (abs(d-y)/abs(z-y))
zab = (abs(b-a)/abs(z-a))
zad = (abs(d-a)/abs(z-a))
zcd = (abs(d-c)/abs(z-c))

yxa = (abs(a-x)/abs(y-x))
yxc = (abs(c-x)/abs(y-x))
ybc = (abs(a-c)/abs(y-c))

xab = (abs(b-a)/abs(x-a))
xad = (abs(a-d)/abs(x-a))
abc = (abs(b-c)/abs(a-b))
bcd = (abs(c-d)/abs(b-c))
//  ||-->   Functions:

isABCD(_mode)=>
    _abc = abc >= 0.382 and abc <= 0.886
    _bcd = bcd >= 1.13 and bcd <= 2.618
    _abc and _bcd and (_mode == 1 ? d < c : d > c)

isBat(_mode)=>
    _xab = xab >= 0.382 and xab <= 0.5
    _abc = abc >= 0.382 and abc <= 0.886
    _bcd = bcd >= 1.618 and bcd <= 2.618
    _xad = xad <= 0.618 and xad <= 1.000    // 0.886
    _xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)

is3Drive(_mode)=>
    _zyx = zyx >= 0.236 and zyx < 1.000
    //_zyb = zyb >= 0.236 and zyb < 0.382
    //_zyd = zyd >= 0.236 and zyd < 0.382
    //_zab = zab >= 0.236 and zab < 0.382
    //_zad = zad >= 0.236 and zad < 0.382
    //_zcd = zcd >= 0.236 and zcd < 0.382
    _yxa = yxa >= 1.000 and yxa < 9.999
    //_yxc = yxc >= 0.236 and yxc < 0.382
    //_ybc = ybc >= 0.236 and ybc < 0.382
    _xab = xab >= 0.236 and xab < 1.000
    _abc = abc >= 1.000 and abc < 9.999
    _bcd = bcd >= 0.236 and bcd < 1.000
    //_xad = xad <= 0.618 and xad < 1.000    // 0.886
    _zyx and _yxa and _xab and _abc and _bcd and (_mode == 1 ? d < c : d > c)

plotshape(not showPatterns ? na : change(isABCD(-1)) > 0, text="\nAB=CD", title='Bear ABCD', style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(not showPatterns ? na : change(isBat(-1)) > 0, text="Bat", title='Bear Bat', style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(not showPatterns ? na : change(is3Drive(-1)) > 0, text="3Driver", title='Bear 3 Driver', style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)

plotshape(not showPatterns ? na : change(isABCD(1)) > 0, text="AB=CD\n", title='Bull ABCD', style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(not showPatterns ? na : change(isBat(1)) > 0, text="Bat", title='Bull Bat', style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(not showPatterns ? na : change(is3Drive(1)) > 0, text="3Driver", title='Bull 3 Driver', style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)

//-------------------------------------------------------------------------------------------------------------------------------------------------------------
fib_range = abs(d-c)
fib_0000 = not showFib0000 ? na : d > c ? d-(fib_range*0.000):d+(fib_range*0.000)
fib_0236 = not showFib0236 ? na : d > c ? d-(fib_range*0.236):d+(fib_range*0.236)
fib_0382 = not showFib0382 ? na : d > c ? d-(fib_range*0.382):d+(fib_range*0.382)
fib_0500 = not showFib0500 ? na : d > c ? d-(fib_range*0.500):d+(fib_range*0.500)
fib_0618 = not showFib0618 ? na : d > c ? d-(fib_range*0.618):d+(fib_range*0.618)
fib_0764 = not showFib0764 ? na : d > c ? d-(fib_range*0.764):d+(fib_range*0.764)
fib_1000 = not showFib1000 ? na : d > c ? d-(fib_range*1.000):d+(fib_range*1.000)
plot(title='Fib 0.000', series=fib_0000, color=fib_0000 != fib_0000[1] ? na : black)
plot(title='Fib 0.236', series=fib_0236, color=fib_0236 != fib_0236[1] ? na : red)
plot(title='Fib 0.382', series=fib_0382, color=fib_0382 != fib_0382[1] ? na : olive)
plot(title='Fib 0.500', series=fib_0500, color=fib_0500 != fib_0500[1] ? na : lime)
plot(title='Fib 0.618', series=fib_0618, color=fib_0618 != fib_0618[1] ? na : teal)
plot(title='Fib 0.764', series=fib_0764, color=fib_0764 != fib_0764[1] ? na : blue)
plot(title='Fib 1.000', series=fib_1000, color=fib_1000 != fib_1000[1] ? na : black)
all zigzag indicators are lagging and repainting because no indicator can actually predict the market correctly.

Reply
HI THE ZIG ZAG LOOKS THE SAME AS ALWAYS,LATE AND UNRELIABLE. CAN U POINT OUT THE DIFFERENCE?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out