Repaints Zero-Lag ZigZag Chart Setup For ThinkOrSwim

[ttsdmagic]

This is my Daily chart. I swing trade stocks that continue movement in one direction (up or down) for 1 to 3 weeks. I started by tweaking parameters on the Zero Lag Zig Zag study so it tracks well with changes in price direction. Then, I tested and tweaked additional studies (most of them from this site) until they mapped well with the Zero Lag Zig Zag. My goal is to accurately chart directional changes using multiple studies that "agree" with the directional changes given by the Zero Lag Zig Zag study. I use this setup on the 4 hour, D, 3 Day and W charts. I do not day trade, and only use smaller charts to determine entry points.

None of these studies are original to me. I am not a ThinkScript programmer.

If you find this useful, load up the chart and configure the parameters and colors to your preference

The B(uy) and S(ell) labels are produced by an indicator called ut_bot_labelsoff.


Here is the link to the chart: http://tos.mx/mSd0qCV

 

[van29481459]

Very helpful. thank you for sharing!

 

[TPTrades]

Looks interesting. How accurate is this strategy for profit and loss and what on your experience is the best way to use it?

 

[MerryDay]

Looks interesting. How accurate is this strategy for profit and loss and what on your experience is the best way to use it?

Repainters when combined with other indicators and a strong market direction can have a significant success.
read more: https://usethinkscript.com/threads/how-to-use-technical-indicators.19303/

As of Friday, August 2nd the market entered into correction territory defined by lack of strong market direction. During corrections, it behooves traders to run, not walk away from repainting indicators.
read more:
https://usethinkscript.com/threads/how-to-use-technical-indicators.19303/#post-144767