Editors' picksOPEN-SOURCE SCRIPT
[RS]ZigZag Multiple Methods - Forecast - patterns - labels
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.
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 metricsRelease 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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.