Great job with the modification!!! fwiw, for /ES you need to change the tickvalue variable= 12.5 and the margin = 12600
Repaints
JeffryBatista
Member
Hi, I hope everyone is having an amazing day. I have been trying to get up arrows and down arrows on the zigzag percentage indicator but for some reason when I implement the code that I have placed down below it does not plot the arrows on the chart. This indicator is also a changing indicator which means it may go from "confirmed" to "unconfirmed" in the movement of a candle. What I'm trying to do is have a down arrow appear only on the FIRST "confirmed" red and a up arrow on the FIRST "confirmed" green. I'm confused as to why the arrows are not appearing on the TOS forex chart because what's weird is that this works on stocks but when I move it to forex it does not display the arrows. If anyone knows how to fix it I would greatly appreciate it !!
Ruby:
input price = close;
input reversalAmount = 0.40;
input showBubbles = no;
input showLabel = yes;
Assert(reversalAmount > 0, "'reversal amount' should be positive: " + reversalAmount);
plot "ZZ%" = reference ZigZagHighLow(price, price, reversalAmount, 0, 1, 0);
def zzSave = if !IsNaN("ZZ%") then price else GetValue(zzSave, 1);
def chg = (price / GetValue(zzSave, 1) - 1) * 100;
def isUp = chg >= 0;
def isConf = AbsValue(chg) >= reversalAmount or (IsNaN(GetValue("ZZ%", 1)) and GetValue(isConf, 1));
"ZZ%".EnableApproximation();
"ZZ%".DefineColor("Up Trend", Color.UPTICK);
"ZZ%".DefineColor("Down Trend", Color.DOWNTICK);
"ZZ%".DefineColor("Undefined", Color.DARK_ORANGE);
"ZZ%".AssignValueColor(if !isConf then "ZZ%".Color("Undefined") else if isUp then "ZZ%".Color("Up Trend") else "ZZ%".Color("Down Trend"));
DefineGlobalColor("Unconfirmed", Color.DARK_ORANGE);
DefineGlobalColor("Up", Color.UPTICK);
DefineGlobalColor("Down", Color.DOWNTICK);
def barNumber = BarNumber();
AddChartBubble(showBubbles and !IsNaN("ZZ%") and barNumber != 1, price, Round(chg) + "%", if !isConf then GlobalColor("Unconfirmed") else if isUp then GlobalColor("Up") else GlobalColor("Down"), isUp);
AddLabel(showLabel and barNumber != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + Round(chg) + "%", if !isConf then GlobalColor("Unconfirmed") else if isUp then GlobalColor("Up") else GlobalColor("Down"));
def Buy = if chg crosses above 0 and isConf then 1 else 0;
def Sell = if chg crosses below 0 and isConf then 1 else 0;
plot ArrowUp = Buy;
ArrowUp.SetDefaultColor(Color.GREEN);
ArrowUp.setpaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP);
plot ArrowDn = Sell;
ArrowDn.SetDefaultColor(Color.RED);
ArrowDn.setpaintingStrategy(paintingStrategy.BOOLEAN_ARROW_DOWN);
Last edited by a moderator:
It is difficult to have a cross and another event, in this case isconf, to both occur at the same time. Changing chg to greater/less than zero first as true, then allows isconf to finally plot an arrow when it is true. As this results at times in many arrows in the same direction, the code in arrowup/arrowdn will help only plot one arrow in each respective direction.
It is important to remember that this indicator repaints. So even if an arrow plots only when confirmed, it can disappear if the price moves such that it becomes unconfirmed.
Ruby:input price = close; input reversalAmount = 0.40; input showBubbles = yes; input showLabel = yes; Assert(reversalAmount > 0, "'reversal amount' should be positive: " + reversalAmount); plot "ZZ%" = reference ZigZagHighLow(price, price, reversalAmount, 0, 1, 0); def zzSave = if !IsNaN("ZZ%") then price else GetValue(zzSave, 1); def chg = (price / GetValue(zzSave, 1) - 1) * 100; def isUp = chg >= 0; def isConf = AbsValue(chg) >= reversalAmount or (IsNaN(GetValue("ZZ%", 1)) and GetValue(isConf, 1)); "ZZ%".EnableApproximation(); "ZZ%".DefineColor("Up Trend", Color.UPTICK); "ZZ%".DefineColor("Down Trend", Color.DOWNTICK); "ZZ%".DefineColor("Undefined", Color.DARK_ORANGE); "ZZ%".AssignValueColor(if !isConf then "ZZ%".Color("Undefined") else if isUp then "ZZ%".Color("Up Trend") else "ZZ%".Color("Down Trend")); DefineGlobalColor("Unconfirmed", Color.DARK_ORANGE); DefineGlobalColor("Up", Color.UPTICK); DefineGlobalColor("Down", Color.DOWNTICK); def barNumber = BarNumber(); AddChartBubble(showBubbles and !IsNaN("ZZ%") and barNumber != 1, price, Round(chg) + "%", if !isConf then GlobalColor("Unconfirmed") else if isUp then GlobalColor("Up") else GlobalColor("Down"), isUp); AddLabel(showLabel and barNumber != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + Round(chg) + "%", if !isConf then GlobalColor("Unconfirmed") else if isUp then GlobalColor("Up") else GlobalColor("Down")); def Buy = if chg > 0 and isConf then 1 else 0; def Sell = if chg < 0 and isConf then 1 else 0; plot ArrowUp = !Buy[1] and Buy; ArrowUp.SetDefaultColor(Color.GREEN); ArrowUp.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); plot ArrowDn = !Sell[1] and Sell; ArrowDn.SetDefaultColor(Color.RED); ArrowDn.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
@solaris
Scan For The Zig-Zag Indicator
https://usethinkscript.com/threads/zigzag-high-low-stats-for-thinkorswim.1073/page-4#post-77972
Click here for a Great Hack To Search Long Threads for Scan scripts, Labels, Watchlists, etc...
Great ZigZag Indicator. Found here: https://usethinkscript.com/threads/zigzag-high-low-stats-for-thinkorswim.1073/page-2#post-57956
Has anyone created a scanner for this one?
Has anyone created a scanner for this one?
Ruby:
## START CODE
## ZigZagSign TOMO modification, v0.2 written by Linus @Thinkscripter Lounge adapted from Thinkorswim ZigZagSign Script
input price = close;
input priceH = high; # swing high
input priceL = low; # swing low
input ATRreversalfactor = 3.2;
def ATR = reference ATR(length = 5);
def reversalAmount = ATRreversalfactor * ATR;
input showlines = yes;
input displace = 1;
input showBubbleschange = yes;
def barNumber = BarNumber();
def barCount = HighestAll(If(IsNaN(price), 0, barNumber));
rec state = {default init, undefined, uptrend, downtrend};
rec minMaxPrice;
if (GetValue(state, 1) == GetValue(state.init, 0)) {
minMaxPrice = price;
state = state.undefined;
} else if (GetValue(state, 1) == GetValue(state.undefined, 0)) {
if (price <= GetValue(minMaxPrice, 1) - reversalAmount) {
state = state.downtrend;
minMaxPrice = priceL;
} else if (price >= GetValue(minMaxPrice, 1) + reversalAmount) {
state = state.uptrend;
minMaxPrice = priceH;
} else {
state = state.undefined;
minMaxPrice = GetValue(minMaxPrice, 1);
}
} else if (GetValue(state, 1) == GetValue(state.uptrend, 0)) {
if (price <= GetValue(minMaxPrice, 1) - reversalAmount) {
state = state.downtrend;
minMaxPrice = priceL;
} else {
state = state.uptrend;
minMaxPrice = Max(priceH, GetValue(minMaxPrice, 1));
}
} else {
if (price >= GetValue(minMaxPrice, 1) + reversalAmount) {
state = state.uptrend;
minMaxPrice = priceH;
} else {
state = state.downtrend;
minMaxPrice = Min(priceL, GetValue(minMaxPrice, 1));
}
}
def isCalculated = GetValue(state, 0) != GetValue(state, 1) and barNumber >= 1;
def futureDepth = barCount - barNumber;
def tmpLastPeriodBar;
if (isCalculated) {
if (futureDepth >= 1 and GetValue(state, 0) == GetValue(state, -1)) {
tmpLastPeriodBar = fold lastPeriodBarI = 2 to futureDepth + 1 with lastPeriodBarAcc = 1
while lastPeriodBarAcc > 0
do if (GetValue(state, 0) != GetValue(state, -lastPeriodBarI))
then -lastPeriodBarAcc
else lastPeriodBarAcc + 1;
} else {
tmpLastPeriodBar = 0;
}
} else {
tmpLastPeriodBar = Double.NaN;
}
def lastPeriodBar = if (!IsNaN(tmpLastPeriodBar)) then -AbsValue(tmpLastPeriodBar) else -futureDepth;
rec currentPriceLevel;
rec currentPoints;
if (state == state.uptrend and isCalculated) {
currentPriceLevel =
fold barWithMaxOnPeriodI = lastPeriodBar to 1 with barWithMaxOnPeriodAcc = minMaxPrice
do Max(barWithMaxOnPeriodAcc, GetValue(minMaxPrice, barWithMaxOnPeriodI));
currentPoints =
fold maxPointOnPeriodI = lastPeriodBar to 1 with maxPointOnPeriodAcc = Double.NaN
while IsNaN(maxPointOnPeriodAcc)
do if (GetValue(priceH, maxPointOnPeriodI) == currentPriceLevel)
then maxPointOnPeriodI
else maxPointOnPeriodAcc;
} else if (state == state.downtrend and isCalculated) {
currentPriceLevel =
fold barWithMinOnPeriodI = lastPeriodBar to 1 with barWithMinOnPeriodAcc = minMaxPrice
do Min(barWithMinOnPeriodAcc, GetValue(minMaxPrice, barWithMinOnPeriodI));
currentPoints =
fold minPointOnPeriodI = lastPeriodBar to 1 with minPointOnPeriodAcc = Double.NaN
while IsNaN(minPointOnPeriodAcc)
do if (GetValue(priceL, minPointOnPeriodI) == currentPriceLevel)
then minPointOnPeriodI
else minPointOnPeriodAcc;
} else if (!isCalculated and (state == state.uptrend or state == state.downtrend)) {
currentPriceLevel = GetValue(currentPriceLevel, 1);
currentPoints = GetValue(currentPoints, 1) + 1;
} else {
currentPoints = 1;
currentPriceLevel = GetValue(price, currentPoints);
}
plot "ZZ$" = if (barNumber == barCount or barNumber == 1) then if state == state.uptrend then priceH else priceL else if (currentPoints == 0) then currentPriceLevel else Double.NaN;
rec zzSave = if !IsNaN("ZZ$" ) then if (barNumber == barCount or barNumber == 1) then if IsNaN(barNumber[-1]) and state == state.uptrend then priceH else priceL else currentPriceLevel else GetValue(zzSave, 1);
def chg = (if barNumber == barCount and currentPoints < 0 then priceH else if barNumber == barCount and currentPoints > 0 then priceL else currentPriceLevel) - GetValue(zzSave, 1);
def isUp = chg >= 0;
#Higher/Lower/Equal High, Higher/Lower/Equal Low
def xxhigh = if zzSave == priceH then Round(high, 2) else Round(xxhigh[1], 2);
def chghigh = Round(Round(high, 2) - Round(xxhigh[1], 2), 2);
def xxlow = if zzSave == priceL then Round(low, 2) else Round(xxlow[1], 2);
def chglow = Round(Round(low, 2) - Round(xxlow[1], 2), 2);
rec isConf = AbsValue(chg) >= reversalAmount or (IsNaN(GetValue("ZZ$", 1)) and GetValue(isConf, 1));
"ZZ$".EnableApproximation();
"ZZ$".DefineColor("Up Trend", Color.UPTICK);
"ZZ$".DefineColor("Down Trend", Color.DOWNTICK);
"ZZ$".DefineColor("Undefined", Color.WHITE);
"ZZ$".AssignValueColor(if !isConf then "ZZ$".Color("Undefined" ) else if isUp then "ZZ$".Color("Up Trend" ) else "ZZ$".Color("Down Trend" ));
DefineGlobalColor("Unconfirmed", Color.WHITE);
DefineGlobalColor("Up", Color.UPTICK);
DefineGlobalColor("Down", Color.DOWNTICK);
AddChartBubble(showBubbleschange and !IsNaN("ZZ$" ) and barNumber != 1, if isUp then high else low , Round(chg, 2) , if barCount == barNumber or !isConf then GlobalColor("Unconfirmed" ) else if isUp then GlobalColor("Up" ) else GlobalColor("Down" ), isUp);
## END CODE
Last edited by a moderator:
There is no condition in this study to scan for.
- define your scan condition
- run it through the scan hacker
But you can always try.
OptionsTrader2020
New member
This Reversal Indicator thread relates to the ZigZagHighLow.
Look at the code and the ZigZag values within the code.
Can someone create a TOS watchlist label showing the "Bot Line" Value so that I know when certain prices on my watchlist reach that level?
I can't get my watchlist to work as follows: ZigZagHighLow("percentage reversal" = 0.01, "atr reversal" = 0.1)
Thanks!
Look at the code and the ZigZag values within the code.
Can someone create a TOS watchlist label showing the "Bot Line" Value so that I know when certain prices on my watchlist reach that level?
I can't get my watchlist to work as follows: ZigZagHighLow("percentage reversal" = 0.01, "atr reversal" = 0.1)
Thanks!
That is not currently available
JeffryBatista
Member
One of my strategies contain a repainting indicators such as the zigzag. Ever time I try to make a scan for this indicator I never get results back. All in trying to do is make the scan identify when the zigzag turns confirmed green or confirmed red but every time I try I end up with a headache from multiple failures . So my question is, is it possible to make a scan with those conditions. if yes, I would love to hear how its possible. I would appreciate any help given.
Paste the following code in a new study, name it, then go to scanner and use that study name to perform the scan. Example, the code below is in a study named NewStudy2191. The picture shows how it looks in the scanner. There are 2 plots, one for scanup and another for scandn, both set to true within 2 bars. The scandn was ran against the SP500 daily and found the results in the picture.
Ruby:def zz = ZigZagHighLow(); def zzSave = if !IsNaN(zz) then zz else GetValue(zzSave, 1); def up = zzSave == zzSave[1] and zzSave[1] < zzSave[2]; def dn = zzSave == zzSave[1] and zzSave[1] > zzSave[2]; plot scanup = up; plot scandn = dn;
Montana101x
New member
One simple way would be to replace the Zig Zag Plot code in the script with the following
Ruby:# Zig Zag Plot declare lower; plot zzp = if isUp <= 1 then zz else Double.NaN; zzp.AssignValueColor(if isUp then Color.Green else if !isUp then Color.Red else Color.Dark_Orange); zzp.SetpaintingStrategy(paintingStrategy.HISTOGRAM); zzp.EnableApproximation(); zzp.HideBubble();
JeffryBatista
Member
Is there any way that I can do this with a zigzagpercent instead of a zigzaghighlow?
Yes, added this to the standard code below
#----------------------------------------------------------------
declare lower;
"ZZ%".setpaintingStrategy(paintingStrategy.HISTOGRAM);
#----------------------------------------------------------------
Ruby:# # TD Ameritrade IP Company, Inc. (c) 2011-2021 # input price = close; input reversalAmount = 8.0; input showBubbles = no; input showLabel = no; assert(reversalAmount > 0, "'reversal amount' should be positive: " + reversalAmount); plot "ZZ%" = reference ZigZagHighLow(price, price, reversalAmount, 0, 1, 0); def zzSave = if !IsNaN("ZZ%") then price else getValue(zzSave, 1); def chg = (price / getValue(zzSave, 1) - 1) * 100; def isUp = chg >= 0; def isConf = AbsValue(chg) >= reversalAmount or (IsNaN(getValue("ZZ%", 1)) and getValue(isConf, 1)); #---------------------------------------------------------------- declare lower; "ZZ%".setpaintingStrategy(paintingStrategy.HISTOGRAM); #---------------------------------------------------------------- "ZZ%".EnableApproximation(); "ZZ%".DefineColor("Up Trend", Color.UPTICK); "ZZ%".DefineColor("Down Trend", Color.DOWNTICK); "ZZ%".DefineColor("Undefined", Color.DARK_ORANGE); "ZZ%".AssignValueColor(if !isConf then "ZZ%".color("Undefined") else if isUp then "ZZ%".color("Up Trend") else "ZZ%".color("Down Trend")); DefineGlobalColor("Unconfirmed", Color.DARK_ORANGE); DefineGlobalColor("Up", Color.UPTICK); DefineGlobalColor("Down", Color.DOWNTICK); def barNumber = barNumber(); AddChartBubble(showBubbles and !IsNaN("ZZ%") and barNumber != 1, price, round(chg) + "%", if !isConf then globalColor("Unconfirmed") else if isUp then globalColor("Up") else globalColor("Down"), isUp); AddLabel(showLabel and barNumber != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + round(chg) + "%", if !isConf then globalColor("Unconfirmed") else if isUp then globalColor("Up") else globalColor("Down"));
Hi Folks,
Can anyone assist in making the following tweaks to the Zig Zag study below? I spend the better part of last Sunday trying to figure it out and nothing I tried worked! The brain power on here amazes me sometimes! Thanks very much in advance for any assistance!
Tweaks:
1. Only plot the most recent up arrow and most recent down arrow.
2. Color candlesticks green when the most recent up arrow appeared. Color candlesticks red when the most recent down arrow appeared.
3. Color all candlesticks prior to the most recent up arrow and most recent down arrow gray. So all historical candlesticks prior to the two most recent arrows would be colored gray.
# ZigZag High Low Stats
# tomsk
# 11.16.2019
# V1.0 - 11.16.2019 - tomsk - Initial release of ZigZag High Low Stats
# Extracted idea from RDMercer's post #369 of a variant of a massive
# Zig Zag High Low Supply Demand study that comprises many different
# components
#
# https://usethinkscript.com/threads/...-signals-for-thinkorswim.183/page-19#post-369
#
# I heavily modified, cleaned up and extracted some interesting Zig Zag statistical information resulting in this study called Zig Zag High
# Low Stats. It displays the following information represented via bubbles at each of the Zig zag turning points
#
# Label for Confirmed/Unconfirmed Status of Current Zigzag
# Price Change between Zigzags
# Price at Zigzag High/Low
# Bar Count between Zigzags
# Volume at Zigzag Reversals
input showBubblesChange = no; # Price Change between Zigzags
input showBubblesPrice = no; # Price at Zigzag High/Low
input showBubblesBarCount = no; # Bar Count between Zigzags
input showBubblesVolume = no; # Volume at Zigzag Reversals
input BubbleOffset = .0005;
input PercentAmount = .01;
input RevAmount = .05;
input ATRreversal = 3.0;
input ATRlength = 5;
def zz = ZigZagHighLow("price h" = high, "price l" = low, "percentage reversal" = PercentAmount,
"absolute reversal" = RevAmount, "atr length" = ATRlength, "atr reversal" = ATRreversal);
def ReversalAmount = if (close * PercentAmount / 100) > Max(RevAmount < ATRreversal * reference ATR(ATRlength), RevAmount)
then (close * PercentAmount / 100)
else if RevAmount < ATRreversal * reference ATR(ATRlength)
then ATRreversal * reference ATR(ATRlength)
else RevAmount;
# Zig Zag Specific Data
def zzSave = if !IsNaN(zz) then zz else GetValue(zzSave, 1);
def chg = (if zzSave == high then high else low) - GetValue(zzSave, 1);
def isUp = chg >= 0;
def isConf = AbsValue(chg) >= ReversalAmount or (IsNaN(GetValue(zz, 1)) and GetValue(isConf, 1));
# Price Change Specific Data
def xxHigh = if zzSave == high then high else xxHigh[1];
def chgHigh = high - xxHigh[1];
def xxLow = if zzSave == low then low else xxLow[1];
def chgLow = low - xxLow[1];
# Bar Count Specific Data
def zzCount = if zzSave[1] != zzSave then 1 else if zzSave[1] == zzSave then zzCount[1] + 1 else 0;
def zzCountHiLo = if zzCountHiLo[1] == 0 and (zzSave == high or zzSave == low) then 1
else if zzSave == high or zzSave == low then zzCountHiLo[1] + 1
else zzCountHiLo[1];
def zzHiLo = if zzSave == high or zzSave == low then zzCountHiLo else zzCountHiLo + 1;
def zzCountHigh = if zzSave == high then zzCount[1] else Double.NaN;
def zzCountLow = if zzSave == low then zzCount[1] else Double.NaN;
# Volume Specific Data
def vol = if BarNumber() == 0 then 0 else volume + vol[1];
def vol1 = if BarNumber() == 1 then volume else vol1[1];
def xxVol = if zzSave == high or zzSave == low then TotalSum(volume) else xxVol[1];
def chgVol = if xxvol - xxVol[1] + vol1 == vol then vol else xxVol - xxVol[1];
# Zigzag Status Label
AddLabel(BarNumber() != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + chg + " ATRrev " + Round(reference ATR(ATRlength) * ATRreversal, 2) + " RevAmt " + Round(ReversalAmount, 2), if !isConf then Color.Dark_Orange else if isUp then Color.Green else Color.Red);
# Zig Zag Plot
plot zzp = if isUp <= 1 then zz else Double.NaN;
zzp.AssignValueColor(if isUp then Color.Dark_Green else if !isUp then Color.Red else Color.Dark_Orange);
zzp.SetStyle(Curve.FIRM);
zzp.EnableApproximation();
zzp.HideBubble();
# Bubbles
# Price Change between Zigzags
AddChartBubble(showBubblesChange and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), "$" + Round(chg, 2), if isUp and chgHigh > 0 then Color.Green else if isUp and chgHigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.Green else if !isUp and chgLow < 0 then Color.Red else Color.Yellow, isUp);
# Price at Zigzag High/Low
AddChartBubble(showBubblesPrice and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if isUp then "$" + high else "$" + low, if isUp and chgHigh > 0 then Color.Green else if isUp and chgHigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.Green else if !isUp and chgLow < 0 then Color.Red else Color.Yellow, isUp);
# Bar Count between Zigzags
AddChartBubble(showBubblesBarCount and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if zzSave == high then zzCountHigh else zzCountLow, if isUp and chgHigh > 0 then Color.Green else if isUp and chgHigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.Green else if !isUp and chgLow < 0 then Color.Red else Color.Yellow, if isUp then yes else no);
# Volume at Zigzag Reversals
AddChartBubble(showBubblesVolume and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + bubbleoffset) else low * (1 - bubbleoffset), chgVol, if isUp and chghigh > 0 then Color.Green else if isUp and chghigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chglow > 0 then Color.Green else if !isUp and chglow < 0 then Color.Red else Color.Yellow, if isUp then yes else no);
#Arrows
def zzL = if !IsNaN(zz) and !isUp then low else GetValue(zzL, 1);
def zzH = if !IsNaN(zz) and isUp then high else GetValue(zzH, 1);
def dir = CompoundValue(1, if zzL != zzL[1] or low==zzl[1] and low==zzsave then 1 else if zzH != zzH[1] or high==zzh[1] and high==zzsave then -1 else dir[1], 0);
def signal = CompoundValue(1, if dir > 0 and low > zzL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and high < zzH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0);
input showarrows = no;
plot U1 = showarrows and signal > 0 and signal[1] <= 0;
U1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
U1.SetDefaultColor(Color.GREEN);
U1.SetLineWeight(4);
plot D1 = showarrows and signal < 0 and signal[1] >= 0;
D1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
D1.SetDefaultColor(Color.RED);
D1.SetLineWeight(4);
Can anyone assist in making the following tweaks to the Zig Zag study below? I spend the better part of last Sunday trying to figure it out and nothing I tried worked! The brain power on here amazes me sometimes! Thanks very much in advance for any assistance!
Tweaks:
1. Only plot the most recent up arrow and most recent down arrow.
2. Color candlesticks green when the most recent up arrow appeared. Color candlesticks red when the most recent down arrow appeared.
3. Color all candlesticks prior to the most recent up arrow and most recent down arrow gray. So all historical candlesticks prior to the two most recent arrows would be colored gray.
# ZigZag High Low Stats
# tomsk
# 11.16.2019
# V1.0 - 11.16.2019 - tomsk - Initial release of ZigZag High Low Stats
# Extracted idea from RDMercer's post #369 of a variant of a massive
# Zig Zag High Low Supply Demand study that comprises many different
# components
#
# https://usethinkscript.com/threads/...-signals-for-thinkorswim.183/page-19#post-369
#
# I heavily modified, cleaned up and extracted some interesting Zig Zag statistical information resulting in this study called Zig Zag High
# Low Stats. It displays the following information represented via bubbles at each of the Zig zag turning points
#
# Label for Confirmed/Unconfirmed Status of Current Zigzag
# Price Change between Zigzags
# Price at Zigzag High/Low
# Bar Count between Zigzags
# Volume at Zigzag Reversals
input showBubblesChange = no; # Price Change between Zigzags
input showBubblesPrice = no; # Price at Zigzag High/Low
input showBubblesBarCount = no; # Bar Count between Zigzags
input showBubblesVolume = no; # Volume at Zigzag Reversals
input BubbleOffset = .0005;
input PercentAmount = .01;
input RevAmount = .05;
input ATRreversal = 3.0;
input ATRlength = 5;
def zz = ZigZagHighLow("price h" = high, "price l" = low, "percentage reversal" = PercentAmount,
"absolute reversal" = RevAmount, "atr length" = ATRlength, "atr reversal" = ATRreversal);
def ReversalAmount = if (close * PercentAmount / 100) > Max(RevAmount < ATRreversal * reference ATR(ATRlength), RevAmount)
then (close * PercentAmount / 100)
else if RevAmount < ATRreversal * reference ATR(ATRlength)
then ATRreversal * reference ATR(ATRlength)
else RevAmount;
# Zig Zag Specific Data
def zzSave = if !IsNaN(zz) then zz else GetValue(zzSave, 1);
def chg = (if zzSave == high then high else low) - GetValue(zzSave, 1);
def isUp = chg >= 0;
def isConf = AbsValue(chg) >= ReversalAmount or (IsNaN(GetValue(zz, 1)) and GetValue(isConf, 1));
# Price Change Specific Data
def xxHigh = if zzSave == high then high else xxHigh[1];
def chgHigh = high - xxHigh[1];
def xxLow = if zzSave == low then low else xxLow[1];
def chgLow = low - xxLow[1];
# Bar Count Specific Data
def zzCount = if zzSave[1] != zzSave then 1 else if zzSave[1] == zzSave then zzCount[1] + 1 else 0;
def zzCountHiLo = if zzCountHiLo[1] == 0 and (zzSave == high or zzSave == low) then 1
else if zzSave == high or zzSave == low then zzCountHiLo[1] + 1
else zzCountHiLo[1];
def zzHiLo = if zzSave == high or zzSave == low then zzCountHiLo else zzCountHiLo + 1;
def zzCountHigh = if zzSave == high then zzCount[1] else Double.NaN;
def zzCountLow = if zzSave == low then zzCount[1] else Double.NaN;
# Volume Specific Data
def vol = if BarNumber() == 0 then 0 else volume + vol[1];
def vol1 = if BarNumber() == 1 then volume else vol1[1];
def xxVol = if zzSave == high or zzSave == low then TotalSum(volume) else xxVol[1];
def chgVol = if xxvol - xxVol[1] + vol1 == vol then vol else xxVol - xxVol[1];
# Zigzag Status Label
AddLabel(BarNumber() != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + chg + " ATRrev " + Round(reference ATR(ATRlength) * ATRreversal, 2) + " RevAmt " + Round(ReversalAmount, 2), if !isConf then Color.Dark_Orange else if isUp then Color.Green else Color.Red);
# Zig Zag Plot
plot zzp = if isUp <= 1 then zz else Double.NaN;
zzp.AssignValueColor(if isUp then Color.Dark_Green else if !isUp then Color.Red else Color.Dark_Orange);
zzp.SetStyle(Curve.FIRM);
zzp.EnableApproximation();
zzp.HideBubble();
# Bubbles
# Price Change between Zigzags
AddChartBubble(showBubblesChange and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), "$" + Round(chg, 2), if isUp and chgHigh > 0 then Color.Green else if isUp and chgHigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.Green else if !isUp and chgLow < 0 then Color.Red else Color.Yellow, isUp);
# Price at Zigzag High/Low
AddChartBubble(showBubblesPrice and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if isUp then "$" + high else "$" + low, if isUp and chgHigh > 0 then Color.Green else if isUp and chgHigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.Green else if !isUp and chgLow < 0 then Color.Red else Color.Yellow, isUp);
# Bar Count between Zigzags
AddChartBubble(showBubblesBarCount and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if zzSave == high then zzCountHigh else zzCountLow, if isUp and chgHigh > 0 then Color.Green else if isUp and chgHigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.Green else if !isUp and chgLow < 0 then Color.Red else Color.Yellow, if isUp then yes else no);
# Volume at Zigzag Reversals
AddChartBubble(showBubblesVolume and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + bubbleoffset) else low * (1 - bubbleoffset), chgVol, if isUp and chghigh > 0 then Color.Green else if isUp and chghigh < 0 then Color.Red else if isUp then Color.Yellow else if !isUp and chglow > 0 then Color.Green else if !isUp and chglow < 0 then Color.Red else Color.Yellow, if isUp then yes else no);
#Arrows
def zzL = if !IsNaN(zz) and !isUp then low else GetValue(zzL, 1);
def zzH = if !IsNaN(zz) and isUp then high else GetValue(zzH, 1);
def dir = CompoundValue(1, if zzL != zzL[1] or low==zzl[1] and low==zzsave then 1 else if zzH != zzH[1] or high==zzh[1] and high==zzsave then -1 else dir[1], 0);
def signal = CompoundValue(1, if dir > 0 and low > zzL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and high < zzH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0);
input showarrows = no;
plot U1 = showarrows and signal > 0 and signal[1] <= 0;
U1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
U1.SetDefaultColor(Color.GREEN);
U1.SetLineWeight(4);
plot D1 = showarrows and signal < 0 and signal[1] >= 0;
D1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
D1.SetDefaultColor(Color.RED);
D1.SetLineWeight(4);
There are inputs for count to limit how many zigzags to plot, and show your candle coloring scheme.
Ruby:# ZigZag High Low Stats # tomsk # 11.16.2019 # V1.0 - 11.16.2019 - tomsk - Initial release of ZigZag High Low Stats # Extracted idea from RDMercer's post #369 of a variant of a massive # Zig Zag High Low Supply Demand study that comprises many different # components # # https://usethinkscript.com/threads/...-signals-for-thinkorswim.183/page-19#post-369 # # I heavily modified, cleaned up and extracted some interesting Zig Zag statistical information resulting in this study called Zig Zag High # Low Stats. It displays the following information represented via bubbles at each of the Zig zag turning points # # Label for Confirmed/Unconfirmed Status of Current Zigzag # Price Change between Zigzags # Price at Zigzag High/Low # Bar Count between Zigzags # Volume at Zigzag Reversals input showBubblesChange = no; # Price Change between Zigzags input showBubblesPrice = no; # Price at Zigzag High/Low input showBubblesBarCount = no; # Bar Count between Zigzags input showBubblesVolume = no; # Volume at Zigzag Reversals input BubbleOffset = .0005; input PercentAmount = .01; input RevAmount = .05; input ATRreversal = 3.0; input ATRlength = 5; def zz = ZigZagHighLow("price h" = high, "price l" = low, "percentage reversal" = PercentAmount, "absolute reversal" = RevAmount, "atr length" = ATRlength, "atr reversal" = ATRreversal); def ReversalAmount = if (close * PercentAmount / 100) > Max(RevAmount < ATRreversal * reference ATR(ATRlength), RevAmount) then (close * PercentAmount / 100) else if RevAmount < ATRreversal * reference ATR(ATRlength) then ATRreversal * reference ATR(ATRlength) else RevAmount; # Zig Zag Specific Data def zzSave = if !IsNaN(zz) then zz else GetValue(zzSave, 1); def chg = (if zzSave == high then high else low) - GetValue(zzSave, 1); def isUp = chg >= 0; def isConf = AbsValue(chg) >= ReversalAmount or (IsNaN(GetValue(zz, 1)) and GetValue(isConf, 1)); # Price Change Specific Data def xxHigh = if zzSave == high then high else xxHigh[1]; def chgHigh = high - xxHigh[1]; def xxLow = if zzSave == low then low else xxLow[1]; def chgLow = low - xxLow[1]; # Bar Count Specific Data def zzCount = if zzSave[1] != zzSave then 1 else if zzSave[1] == zzSave then zzCount[1] + 1 else 0; def zzCountHiLo = if zzCountHiLo[1] == 0 and (zzSave == high or zzSave == low) then 1 else if zzSave == high or zzSave == low then zzCountHiLo[1] + 1 else zzCountHiLo[1]; def zzHiLo = if zzSave == high or zzSave == low then zzCountHiLo else zzCountHiLo + 1; def zzCountHigh = if zzSave == high then zzCount[1] else Double.NaN; def zzCountLow = if zzSave == low then zzCount[1] else Double.NaN; # Volume Specific Data def vol = if BarNumber() == 0 then 0 else volume + vol[1]; def vol1 = if BarNumber() == 1 then volume else vol1[1]; def xxVol = if zzSave == high or zzSave == low then TotalSum(volume) else xxVol[1]; def chgVol = if xxVol - xxVol[1] + vol1 == vol then vol else xxVol - xxVol[1]; # Zigzag Status Label AddLabel(BarNumber() != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + chg + " ATRrev " + Round(reference ATR(ATRlength) * ATRreversal, 2) + " RevAmt " + Round(ReversalAmount, 2), if !isConf then Color.DARK_ORANGE else if isUp then Color.GREEN else Color.RED); # Zig Zag Plot plot zzp = if isUp <= 1 then zz else Double.NaN; zzp.AssignValueColor(if isUp then Color.DARK_GREEN else if !isUp then Color.RED else Color.DARK_ORANGE); zzp.SetStyle(Curve.FIRM); zzp.EnableApproximation(); zzp.HideBubble(); # Bubbles # Price Change between Zigzags AddChartBubble(showBubblesChange and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), "$" + Round(chg, 2), if isUp and chgHigh > 0 then Color.GREEN else if isUp and chgHigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chgLow > 0 then Color.GREEN else if !isUp and chgLow < 0 then Color.RED else Color.YELLOW, isUp); # Price at Zigzag High/Low AddChartBubble(showBubblesPrice and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if isUp then "$" + high else "$" + low, if isUp and chgHigh > 0 then Color.GREEN else if isUp and chgHigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chgLow > 0 then Color.GREEN else if !isUp and chgLow < 0 then Color.RED else Color.YELLOW, isUp); # Bar Count between Zigzags AddChartBubble(showBubblesBarCount and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if zzSave == high then zzCountHigh else zzCountLow, if isUp and chgHigh > 0 then Color.GREEN else if isUp and chgHigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chgLow > 0 then Color.GREEN else if !isUp and chgLow < 0 then Color.RED else Color.YELLOW, if isUp then yes else no); # Volume at Zigzag Reversals AddChartBubble(showBubblesVolume and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), chgVol, if isUp and chgHigh > 0 then Color.GREEN else if isUp and chgHigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chgLow > 0 then Color.GREEN else if !isUp and chgLow < 0 then Color.RED else Color.YELLOW, if isUp then yes else no); #Arrows def zzL = if !IsNaN(zz) and !isUp then low else GetValue(zzL, 1); def zzH = if !IsNaN(zz) and isUp then high else GetValue(zzH, 1); def dir = CompoundValue(1, if zzL != zzL[1] or low == zzL[1] and low == zzSave then 1 else if zzH != zzH[1] or high == zzH[1] and high == zzSave then -1 else dir[1], 0); def signal = CompoundValue(1, if dir > 0 and low > zzL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and high < zzH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0); #Count to limit plot of arrows------------------------------------------------- input Count = 2; def cond = if signal > 0 and signal[1] <= 0 or signal < 0 and signal[1] >= 0 then 1 else 0 ; def dataCount = CompoundValue(1, if cond then dataCount[1] + 1 else dataCount[1], 0); def limitplot = HighestAll(dataCount) - dataCount <= Count - 1; #------------------------------------------------------------------------------- input showarrows = yes; plot U1 = showarrows and signal > 0 and signal[1] <= 0 and limitplot; U1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); U1.SetDefaultColor(Color.GREEN); U1.SetLineWeight(4); plot D1 = showarrows and signal < 0 and signal[1] >= 0 and limitplot; D1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN); D1.SetDefaultColor(Color.RED); D1.SetLineWeight(4); #Color Candles based upon Last X Arrows------------------------------------------ input price_color = yes; def colorup = if U1 then 1 else if colorup[1] and !D1 then 1 else 0; def colordn = if D1 then 1 else if colordn[1] and !U1 then 1 else 0; AssignPriceColor(if !price_color then Color.CURRENT else if colorup == 1 then Color.GREEN else if colordn == 1 then Color.RED else Color.GRAY); #--------------------------------------------------------------------------------
Absolutely brilliant! Exactly what I was looking to achieve. So much appreciated!
Last edited:
I am having a problem with the plotting of the zigzag volume bubbles. It seems to be overplotting the upgoing and downgoing wave volumes in certain instances, but not always. I o not understand why. I would appreciate any suggestions to the problem. Thanks. See enclosed screen capture of the issue.
I probably should have been more specific. I am using the zigzag high low stats version that was posted on this site.
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