Repaints ZigZag High Low with LBR_ThreeTenOscillator For ThinkOrSwim

David45 · Dec 1, 2021

Can anyone please assist in creating Status Labels for this ZigZag indicator
https://usethinkscript.com/threads/zigzag-high-low-stats-for-thinkorswim.1073/
in conjunction with LBR_ThreeTenOscillator:

When ZigZag and LBR_ThreeTenOscillator are in agreement (both bullish), a Green Status Label plots that says: Confirmed
When ZigZag and LBR_ThreeTenOscillator are in agreement (both bearish), a Red Status Label plots that says: Confirmed
When ZigZag and LBR_ThreeTenOscillator are not in agreement, an Orange Status Label plots that says: Unconfirmed

The code for both indicators is below. Thanks very much in advance for any assistance!

# LBR_ThreeTenOscillator

declare lower;

input price = close;
input calculationMode = {default Normal, Alternate};

plot FastLine;
switch (calculationMode) {
case Normal:
FastLine = Average(price, 3) - Average(price, 10);
case Alternate:
FastLine = Average(price - Average(price[3], 3), 2);
}
plot SlowLine = Average(FastLine, 16);
plot Hist = FastLine;
plot ZeroLine = 0;

FastLine.SetDefaultColor(GetColor(1));
SlowLine.SetDefaultColor(GetColor(8));
Hist.DefineColor("Positive", Color.UPTICK);
Hist.DefineColor("Negative", Color.DOWNTICK);
Hist.AssignValueColor(if Hist >= 0 then Hist.color("Positive") else Hist.color("Negative"));
Hist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Hist.HideTitle();
ZeroLine.SetDefaultColor(GetColor(7));

# 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];

# 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

SleepyZ · Dec 1, 2021

David45 said:
Can anyone please assist in creating Status Labels for this ZigZag indicator
https://usethinkscript.com/threads/zigzag-high-low-stats-for-thinkorswim.1073/
in conjunction with LBR_ThreeTenOscillator:

When ZigZag and LBR_ThreeTenOscillator are in agreement (both bullish), a Green Status Label plots that says: Confirmed
When ZigZag and LBR_ThreeTenOscillator are in agreement (both bearish), a Red Status Label plots that says: Confirmed
When ZigZag and LBR_ThreeTenOscillator are not in agreement, an Orange Status Label plots that says: Unconfirmed

The code for both indicators is below. Thanks very much in advance for any assistance!

# LBR_ThreeTenOscillator

declare lower;

input price = close;
input calculationMode = {default Normal, Alternate};

plot FastLine;
switch (calculationMode) {
case Normal:
FastLine = Average(price, 3) - Average(price, 10);
case Alternate:
FastLine = Average(price - Average(price[3], 3), 2);
}
plot SlowLine = Average(FastLine, 16);
plot Hist = FastLine;
plot ZeroLine = 0;

FastLine.SetDefaultColor(GetColor(1));
SlowLine.SetDefaultColor(GetColor(8));
Hist.DefineColor("Positive", Color.UPTICK);
Hist.DefineColor("Negative", Color.DOWNTICK);
Hist.AssignValueColor(if Hist >= 0 then Hist.color("Positive") else Hist.color("Negative"));
Hist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Hist.HideTitle();
ZeroLine.SetDefaultColor(GetColor(7));

# 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];

# 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

Add this to the bottom of your code and see if it works how you expect it to.

Ruby:

input showlabel = yes;
AddLabel(showlabel, if (Hist >= 0 and isUp and chgHigh > 0) or
                       (Hist >= 0 and !isUp and chgLow > 0) or
                       (Hist <= 0 and isUp and chgHigh < 0) or
                       (Hist <= 0 and !isUp and chgLow < 0)
                   then "Confirmed" else "Unconfirmed",
                   if (Hist >= 0 and isUp and chgHigh > 0) or
                      (Hist >= 0 and !isUp and chgLow > 0)
                   then color.green
                   else if
                      (Hist <= 0 and isUp and chgHigh < 0) or
                      (Hist <= 0 and !isUp and chgLow < 0)
                   then color.red
                   else color.orange);

majidg · Dec 2, 2021

SleepyZ said:
Add this to the bottom of your code and see if it works how you expect it to.

Thanks, can you please help to write the code to scan the low and high of zzp?

MerryDay · Dec 12, 2021

majidg said:
Thanks, can you please help to write the code to scan the low and high of zzp?

https://usethinkscript.com/threads/zigzag-high-low-stats-for-thinkorswim.1073/page-5#post-83252

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Repaints ZigZag High Low with LBR_ThreeTenOscillator For ThinkOrSwim

David45

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SleepyZ

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majidg

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MerryDay

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