The Zig Zag indicator is a useful indicator when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and troughs.
This...
Hellow traders, this is my final script regarding double top/bottom pattern recognition. This script is built based on zig zag indicator whereas the previous ones are built based on pivot points.
Double Top:
Recognition - Checks on Zigzag if LH is followed by HH
Confirmation - When low crosses under last lower pivot point on zigzag
Invalidation -...
This is standard zigzag indicator. I just coded them using lines array feature of pine - so that it can be done in least number of lines of code.
Few possible improvements:
Use label array to mark HH, HL, LH and LL
Add standard deviation check
Simple & easy auto-fib levels. Took the out-of-the-box version provided by TradingView and added Logarithmic support and a nicer palette, and made the controls a bit nicer to use (in my opinion lol). Enjoy.
SFP Inquisitor
v0.2a
coded by Bogdan Vaida
Code for Swing High, Swing Low and Swing Failure Pattern.
Note that we're still in the alpha version, bugs may appear.
Note that the number you set in your Swing History variable
will also be the minimum delay you see until the apples appear.
This is because we're checking the forward...
Overview, Features, and Usage:
The Zig Lines with Percent & Value is an indicator that highlights the highest and lowest points of the market from pivot points and zigzag lines based on the ZigZag Period setting. By a default value of 13 for the ZigZag Period this works well on Bitcoin or other alt coins on the 1 hour or higher timeframe charts.
What makes this...
Complete scalping strategy with all related indicators.
1) Wait for an up/down-trend (10 EMA (Orange) crosses ABOVE/Below 20 EMA (Blue))
2) Wait for price to breakout then retest the EMA's (either one(based on the trend type))
3) Wait for bullish/bearish confirmation candle after the retest
4) Enter after the confirmation candle
5) Set a stop loss underneath the...
Overview of Features
The Pivot Detective is an indicator that simply highlights the waves of the market by identifying the pivot highs and pivot lows by using shapes and zigzag lines.
What makes this indicator unique is that you do not have to specify the number of bars to the left or right side of the pivots (aka pivot strength), nor do you need to specify...
This script try to help to identify flips and armonies using open and close values nstead hight and lows values.
For newbies, this script help to mark key levels for tendency continuation & breaking off
For flips and armony levels identification
3 levels recommended
30 Bars / Purple / line 5
15 Bars / Red / line 4
5 Bars / Black / line 3
Based on "Zig Zag...
Hello All,
Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
Rᴀꜰꜰ Rᴇɢʀᴇꜱꜱɪᴏɴ Cʜᴀɴɴᴇʟ (RRC)
This study aims to automate Raff Regression Channel drawing either based on ZigZag Indicator or optionally User Preference
The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The...
Here is my 'ZigZag' without using 'security'
There are 2 options:
HTF
Where the scripts plots the present TF 'ZigZag' together with the next 3 Higher TF ZigZag's
(TF can be 15', 30', 1h, 2h, 3h, 4h, 6h, 8h, 12h, D, W, M)
s3.tradingview.com
When the chosen TF is not compatible, a message will be shown:
s3.tradingview.com
Multiple
Where the set 'leftbars' are...
Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ
This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag.
Common setting options, applied to all components of the study
Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to...
Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ
This study combines various Fibonacci concepts into one, and some basic volume and volatility indications
█ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several...
My Own Kagi Indicator Implementation!
I couldn't find anywhere on the internet a simple implementation of the Kagi indicator (apart from a seemingly complicated JavaScript implementation).
So I decided to implement it myself and test it against the built-in Kagi indicator calculated by the built-in security function - They ended up exactly the same! (You can see...
Generate a small line according to the pattern of the K-line, where green represents long and red represents short; （we call it pen）
then according to the small line segment, a large line(we call it line) is generated according to the new high or new low rule; (we call it line)
finally, a rectangle is generated according to the overlap interval of the large...
This is a script which find the lows within confirmed ranges, however there is some margin or error. Therefore, take this as a suggestion, not as financial advice.
This is based on Weis Wave principle with different customization. Namely
Shows Volume (in thousands) for each wave
Calculates the effort/reward matrix of each wave (proprietary calculation)
Can show either bar count or Effort/Reward (E/R) Matrix with volume for each wave
Default is E/R Matrix only
You can choose what you want to see from the...
![BTCUSD: Zig Zag Channels [LuxAlgo]](https://s3.tradingview.com/a/a2PJSO1p_mid.png "Zig Zag Channels [LuxAlgo]")
