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ZigZag High Low Stats for ThinkorSwim

cobra1966

New member
View attachment 1045
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

Here's the study - you might like to load this study on a Daily chart of AAPL, AMZN or your favorite ticker
You can turn off any information you don't want via the user interface

Code:
# 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/trend-reversal-indicator-with-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.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);

# End ZigZag High Low Stats
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.
 

cobra1966

New member
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.
 

SleepyZ

Well-known member
VIP
Lifetime
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.

See if this revised volume bubbles at reversals helps. It shows an optional debug_volume bubbles with the current bar volume and cumulative reversal volume. These should then correspond to the cumulative volume at the reversal point's bubbles.

Capture.jpg
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/trend-reversal-indicator-with-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.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);

#Revised Volume at Reversals Bubbles------------------------------------------------------
# Volume at Zigzag Reversals
def bn = BarNumber();
def z  = if !IsNaN(zz) then 0 else z[1] + 1;
def v  = if z == 1 then volume else v[1] + volume;
input debug_volume = yes;
AddChartBubble(debug_volume and v, if isUp or !IsNaN(zz) == low then low else high, volume + "\n" + v, Color.WHITE, if isUp then no else yes);

AddChartBubble(showBubblesVolume and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), v, 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);
#-------------------------------------------------------------------------------------------
# End ZigZag High Low Stats
 

ShinJ

New member
Is there any way to compare the lengths and volume amouts of the last [n] waves with each other? The goal is to find the waves with similar lengths, but significantly different volume or vice versa, find the waves with similar volume, but vastly different lengths?
 
Last edited:

SleepyZ

Well-known member
VIP
Lifetime
Is there any way to compare the lengths and volume amouts of the last [n] waves with each other? The goal is to find the waves with similar lengths, but significantly different volume or vice versa, find the waves with similar volume, but vastly different lengths?

See if this helps. The code added at the bottom of the script is the capture of volume and bar counts at each of the last 5 zigzags. You can create more by using the same process. The labels show the capture matches the bubbles on the chart for bar counts and volume. You can then make comparisons/computations for your analysis.

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/trend-reversal-indicator-with-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.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);

#Revised Volume at Reversals Bubbles------------------------------------------------------
# Volume at Zigzag Reversals
def bn = BarNumber();
def z  = if !IsNaN(zz) then 0 else z[1] + 1;
def v  = if z == 1 then volume else v[1] + volume;
input debug_volume = yes;
AddChartBubble(debug_volume and v, if isUp or !IsNaN(zz) == low then low else high, volume + "\n" + v, Color.WHITE, if isUp then no else yes);

AddChartBubble(showBubblesVolume and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), v, 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);
#-------------------------------------------------------------------------------------------

#Capture of Bar Counts at Last 5 zigzags----------------------------------------------------
def bc1 = if !IsNaN(zz) then zzCount[1] else bc1[1];
def bc2 = if bc1 != bc1[1] then bc1[1] else bc2[1];
def bc3 = if bc2 != bc2[1] then bc2[1] else bc3[1];
def bc4 = if bc3 != bc3[1] then bc3[1] else bc4[1];
def bc5 = if bc4 != bc4[1] then bc4[1] else bc5[1];
AddLabel(1, bc1 + " " + bc2 + " " + bc3 + " " + bc4 + " " + bc5);

#Capture of Volume at Last 5 zigags---------------------------------------------------------
def vc1 = if !IsNaN(zz) then v else vc1[1];
def vc2 = if vc1 != vc1[1] then vc1[1] else vc2[1];
def vc3 = if vc2 != vc2[1] then vc2[1] else vc3[1];
def vc4 = if vc3 != vc3[1] then vc3[1] else vc4[1];
def vc5 = if vc4 != vc4[1] then vc4[1] else vc5[1];
AddLabel(1, vc1 + " " + vc2 + " " + vc3 + " " + vc4 + " " + vc5);

# End ZigZag High Low Stats-----------------------------------------------------------------
 

SleepyZ

Well-known member
VIP
Lifetime
the volume info label on the stop. Would you be willing so share the code for that? would make my life a little easier. Thanks!
Here is something I did for the trend reversal indicator found in this thread that may interest you also https://usethinkscript.com/threads/...r-with-signals-for-thinkorswim.183/post-14256

Here is the code and an image of what it looks like on a chart

Capture.jpg
Ruby:
# Trend Reversal
# Dixon72 with modifications by tomsk
# 1.18.2020
# Scanner by https://usethinkscript.com/u/theelderwand

# V1.0 - 11.09.2019 - Dixon72 - Initial release of Trend Reversal Scanner
# V1.1 - 01.18.2020 - tomsk   - Modified to only display last bullish/bearish signal
# V1.2 - 01.18.2020 - tomsk   - Added user input selector displayBubblesOnly to display bubbles rather than arrows
# V1.3 - 01.19.2020 - BLT     - Modified bubble placement, added Stop Loss bubble and extended line

input displayBubblesOnly = yes;

def price = close;
def superfast_length = 9;
def fast_length = 14;
def slow_length = 21;
def displace = 0;

def mov_avg9 = ExpAverage(price[-displace], superfast_length);
def mov_avg14 = ExpAverage(price[-displace], fast_length);
def mov_avg21 = ExpAverage(price[-displace], slow_length);

#moving averages
def Superfast = mov_avg9;
def Fast = mov_avg14;
def Slow = mov_avg21;

def buy = mov_avg9 > mov_avg14 and mov_avg14 > mov_avg21 and low > mov_avg9;
def stopbuy = mov_avg9 <= mov_avg14;
def buynow = !buy[1] and buy;
def buysignal = CompoundValue(1, if buynow and !stopbuy then 1 else if buysignal[1] == 1 and stopbuy then 0 else buysignal[1], 0);

def Buy_Signal = buysignal[1] == 0 and buysignal == 1;
def Momentum_Down = buysignal[1] == 1 and buysignal == 0;

def sell = mov_avg9 < mov_avg14 and mov_avg14 < mov_avg21 and high < mov_avg9;
def stopsell = mov_avg9 >= mov_avg14;
def sellnow = !sell[1] and sell;
def sellsignal = CompoundValue(1, if sellnow and !stopsell then 1 else if sellsignal[1] == 1 and stopsell then 0 else sellsignal[1], 0);
def Sell_Signal = sellsignal[1] == 0 and sellsignal;


input method = {default average, high_low};
def bubbleoffset = .0005;
def percentamount = .01;
def revAmount = .05;
def atrreversal = 2.0;
def atrlength = 5;
def pricehigh = high;
def pricelow = low;
def averagelength = 5;
def averagetype = AverageType.EXPONENTIAL;
def mah = MovingAverage(averagetype, pricehigh, averagelength);
def mal = MovingAverage(averagetype, pricelow, averagelength);
def priceh = if method == method.high_low then pricehigh else mah;
def pricel = if method == method.high_low then pricelow else mal;
def EI = ZigZagHighLow("price h" = priceh, "price l" = pricel, "percentage reversal" = percentamount, "absolute reversal" = revAmount, "atr length" = atrlength, "atr reversal" = atrreversal);
rec EISave = if !IsNaN(EI) then EI else GetValue(EISave, 1);
def chg = (if EISave == priceh then priceh else pricel) - GetValue(EISave, 1);
def isUp = chg >= 0;
def EIL = if !IsNaN(EI) and !isUp then pricel else GetValue(EIL, 1);
def EIH = if !IsNaN(EI) and isUp then priceh else GetValue(EIH, 1);
def dir = CompoundValue(1, if EIL != EIL[1] or pricel == EIL[1] and pricel == EISave then 1 else if EIH != EIH[1] or priceh == EIH[1] and priceh == EISave then -1 else dir[1], 0);
def signal = CompoundValue(1, if dir > 0 and pricel > EIL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and priceh < EIH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0);

def bullish2 = if signal > 0 and signal[1] <= 0 then barNumber() else 0;
plot upArrow = if !displayBubblesOnly and barNumber() == HighestAll(bullish2) then low * 0.994 else Double.NaN;
upArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upArrow.SetLineWeight(5);
upArrow.SetDefaultColor(Color.CYAN);

def bearish2 = if signal < 0 and signal[1] >= 0 then barNumber() else 0;
plot downArrow = if !displayBubblesOnly and barNumber() == HighestAll(bearish2) then high * 1.004 else Double.NaN;
downArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downArrow.SetLineWeight(5);
downArrow.SetDefaultColor(Color.YELLOW);

AddChartBubble(displayBubblesOnly and barNumber() == HighestAll(bullish2), low, "Bull " + astext(low), Color.Cyan, no);
AddChartBubble(displayBubblesOnly and barNumber() == HighestAll(bearish2), high, "Bear " + astext(high), Color.Yellow, yes);
def bullstop= if barNumber() == HighestAll(bullish2) then low[1] else if barnumber() < HighestAll(bullish2) then double.nan else bullstop[1];
plot bullstopplot = bullstop;
bullstopplot.setdefaultColor(color.red);
AddChartBubble(displayBubblesOnly and barNumber() == HighestAll(bullish2), low[1], "Stop " + astext(low[1]), Color.red, no);
def bearstop= if barNumber() == HighestAll(bearish2) then high[1] else if barnumber() < HighestAll(bearish2) then double.nan else bearstop[1];
plot bearstopplot = bearstop;
bearstopplot.setdefaultColor(color.red);
AddChartBubble(displayBubblesOnly and barNumber() == HighestAll(bearish2), high[1], "Stop " + astext(high[1]), Color.red, yes);
# End Trend Reversal
 

David45

Member
2019 Donor
Here is something I did for the trend reversal indicator found in this thread that may interest you also https://usethinkscript.com/threads/...r-with-signals-for-thinkorswim.183/post-14256

Here is the code and an image of what it looks like on a chart
@SleepyZ is there a way to only plot the current bull/stop or bear/stop bubbles with no historical bubbles? So using your picture as an example, it would just show the bull/stop bubbles but not the previous bear/stop bubbles. Thank you!!!
 

SleepyZ

Well-known member
VIP
Lifetime
@SleepyZ is there a way to only plot the current bull/stop or bear/stop bubbles with no historical bubbles? So using your picture as an example, it would just show the bull/stop bubbles but not the previous bear/stop bubbles. Thank you!!!
Yes, this should only show the last set of bubbles and stop line. It is based upon the code 'lastbubble' and is used in the bubble and line codes to find the higher barnumber between the bullish2 and bearish2 codes.

Ruby:
# Trend Reversal
# Dixon72 with modifications by tomsk
# 1.18.2020
# Scanner by https://usethinkscript.com/u/theelderwand

# V1.0 - 11.09.2019 - Dixon72 - Initial release of Trend Reversal Scanner
# V1.1 - 01.18.2020 - tomsk   - Modified to only display last bullish/bearish signal
# V1.2 - 01.18.2020 - tomsk   - Added user input selector displayBubblesOnly to display bubbles rather than arrows
# V1.3 - 01.19.2020 - BLT     - Modified bubble placement, added Stop Loss bubble and extended line

input displayBubblesOnly = yes;

def price = close;
def superfast_length = 9;
def fast_length = 14;
def slow_length = 21;
def displace = 0;

def mov_avg9 = ExpAverage(price[-displace], superfast_length);
def mov_avg14 = ExpAverage(price[-displace], fast_length);
def mov_avg21 = ExpAverage(price[-displace], slow_length);

#moving averages
def Superfast = mov_avg9;
def Fast = mov_avg14;
def Slow = mov_avg21;

def buy = mov_avg9 > mov_avg14 and mov_avg14 > mov_avg21 and low > mov_avg9;
def stopbuy = mov_avg9 <= mov_avg14;
def buynow = !buy[1] and buy;
def buysignal = CompoundValue(1, if buynow and !stopbuy then 1 else if buysignal[1] == 1 and stopbuy then 0 else buysignal[1], 0);

def Buy_Signal = buysignal[1] == 0 and buysignal == 1;
def Momentum_Down = buysignal[1] == 1 and buysignal == 0;

def sell = mov_avg9 < mov_avg14 and mov_avg14 < mov_avg21 and high < mov_avg9;
def stopsell = mov_avg9 >= mov_avg14;
def sellnow = !sell[1] and sell;
def sellsignal = CompoundValue(1, if sellnow and !stopsell then 1 else if sellsignal[1] == 1 and stopsell then 0 else sellsignal[1], 0);
def Sell_Signal = sellsignal[1] == 0 and sellsignal;


input method = {default average, high_low};
def bubbleoffset = .0005;
def percentamount = .01;
def revAmount = .05;
def atrreversal = 2.0;
def atrlength = 5;
def pricehigh = high;
def pricelow = low;
def averagelength = 5;
def averagetype = AverageType.EXPONENTIAL;
def mah = MovingAverage(averagetype, pricehigh, averagelength);
def mal = MovingAverage(averagetype, pricelow, averagelength);
def priceh = if method == method.high_low then pricehigh else mah;
def pricel = if method == method.high_low then pricelow else mal;
def EI = ZigZagHighLow("price h" = priceh, "price l" = pricel, "percentage reversal" = percentamount, "absolute reversal" = revAmount, "atr length" = atrlength, "atr reversal" = atrreversal);
rec EISave = if !IsNaN(EI) then EI else GetValue(EISave, 1);
def chg = (if EISave == priceh then priceh else pricel) - GetValue(EISave, 1);
def isUp = chg >= 0;
def EIL = if !IsNaN(EI) and !isUp then pricel else GetValue(EIL, 1);
def EIH = if !IsNaN(EI) and isUp then priceh else GetValue(EIH, 1);
def dir = CompoundValue(1, if EIL != EIL[1] or pricel == EIL[1] and pricel == EISave then 1 else if EIH != EIH[1] or priceh == EIH[1] and priceh == EISave then -1 else dir[1], 0);
def signal = CompoundValue(1, if dir > 0 and pricel > EIL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and priceh < EIH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0);

def bullish2 = if signal > 0 and signal[1] <= 0 then barNumber() else 0;
plot upArrow = if !displayBubblesOnly and barNumber() == HighestAll(bullish2) then low * 0.994 else Double.NaN;
upArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upArrow.SetLineWeight(5);
upArrow.SetDefaultColor(Color.CYAN);

def bearish2 = if signal < 0 and signal[1] >= 0 then barNumber() else 0;
plot downArrow = if !displayBubblesOnly and barNumber() == HighestAll(bearish2) then high * 1.004 else Double.NaN;
downArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downArrow.SetLineWeight(5);
downArrow.SetDefaultColor(Color.YELLOW);

def lastbubble = if highestall(bullish2)>highestall(bearish2) then 1 else if highestall(bullish2)<highestall(bearish2) then -1 else 0;

AddChartBubble(displayBubblesOnly and lastbubble == 1 and barNumber() == HighestAll(bullish2), low, "Bull " + astext(low), Color.Cyan, no);
AddChartBubble(displayBubblesOnly and lastbubble == -1 and barNumber() == HighestAll(bearish2), high, "Bear " + astext(high), Color.Yellow, yes);
def bullstop= if lastbubble ==1 and barNumber() == HighestAll(bullish2) then low[1] else if barnumber() < HighestAll(bullish2) then double.nan else bullstop[1];
plot bullstopplot = bullstop;
bullstopplot.setdefaultColor(color.red);
AddChartBubble(displayBubblesOnly and lastbubble == 1 and barNumber() == HighestAll(bullish2), low[1], "Stop " + astext(low[1]), Color.red, no);
def bearstop= if lastbubble == -1 and barNumber() == HighestAll(bearish2) then high[1] else if barnumber() < HighestAll(bearish2) then double.nan else bearstop[1];
plot bearstopplot = bearstop;
bearstopplot.setdefaultColor(color.red);
AddChartBubble(displayBubblesOnly and lastbubble == -1 and barNumber() == HighestAll(bearish2), high[1], "Stop " + astext(high[1]), Color.red, yes);
# End Trend Reversal
 

solaris

Member
Hello All,
I came across this code for options trading which has been very helpful and profitable. Please I will be very grateful if anyone can create a scanner for the indicator. Thanks in advance. See link to indicator below

Code:
## 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

https://tos.mx/Zy7sWOu
Is it possible to scan for the chart bubbles when the zig zag flips direction?
 

DannyKaye1990

New member
two questions:

What is the pattern that causes the candles to stay painted? For the Blue candle is it a high, a low, another high, another low, and that is when it stays? Vice versa for the Pink candle?

Is there a way trades can be automated so once the aforementioned patterns are seen on the chart, an order is placed 1 tick above the high of the Blue candle with a stop 2 ticks below its low with a specific target, and the same goes for the Pink candle, but with an order placed 1 tick below its low and a stop 2 ticks above the high with the same specific target?
 

csricksdds

New member
VIP
@SleepyZ
ZigZag Label: I notice that the ATRrev and RevAmt are always the same number...is it possible to eliminate one of them to make the label take up less room??
 
Last edited by a moderator:

halcyonguy

Well-known member
VIP
Lifetime
ZigZag Label: I notice that the ATRrev and RevAmt are always the same number...is it possible to eliminate one of them to make the label take up less room??
please post the code of the study, or a link on this site. that way others aren't guesing which version you are talking about.

yes, a label can be changed to display something different. look for addlabel( ).

What I do is, I copy the original code line, then I put a # in front of the original line, to comment it out. that way I have it as a reference. Then I alter the copied code line.
 

csricksdds

New member
VIP
Here is the code I'm using:

# 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.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);

# End ZigZag High Low Stats
 

majidg

Member
Here is the code I'm using:

# 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.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);

# End ZigZag High Low Stats
Thanks, I have a question. what does confirmed zigzag means, does it mean reversal point confirmed?
 

SleepyZ

Well-known member
VIP
Lifetime
Here is the code I'm using:

# 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.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);

# End ZigZag High Low Stats

The 2 reversal amounts will not always be the same. The following will eliminate the ATR Reversal if it is equal to the Reversal amount.

Relplace this code area in the script with this:

Ruby:
# Zigzag Status Label

AddLabel(BarNumber() != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + chg + (if Round(reference ATR(ATRlength) * ATRreversal, 2) == Round(ReversalAmount, 2) then "" else " 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);
 

SleepyZ

Well-known member
VIP
Lifetime
Thanks, I have a question. what does confirmed zigzag means, does it mean reversal point confirmed?

It means the reversal point is confirmed, but since this is a repainting indicator, then if price moves thereafter in the opposite direction, the reversal point can disappear from your chart.
 

majidg

Member
It means the reversal point is confirmed, but since this is a repainting indicator, then if price moves thereafter in the opposite direction, the reversal point can disappear from your chart.
I tried to add the zigzag high low states to the chart on the mobile, but it did not show xigzag states on the chart
can zigzag high low sate be added to the chart on mobile?
 

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