ZigZag Percent: Add labels displaying averages

[Wardo21]

Hi Everyone,

I'd like to add two labels to TD Ameritrade's ZigZag Percent indicator. The first label should display the average of the last five ZigZag percentage highs. For example, in the photo I have attached, the last five Zig Zag percentage highs were: 24.79%, 130.38%, 77.06%, 25.86%, and 23.64%. This would give an average of 56.35% that I would like displayed on the first label titled "ZigZag percentage high: ". The second label should display the average of the last five ZigZag percentage lows.

The code for the indicator is below.

Thanks for your help!

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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));

"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"));

 

[halcyonguy]

Hi Everyone,

I'd like to add two labels to TD Ameritrade's ZigZag Percent indicator. The first label should display the average of the last five ZigZag percentage highs. For example, in the photo I have attached, the last five Zig Zag percentage highs were: 24.79%, 130.38%, 77.06%, 25.86%, and 23.64%. This would give an average of 56.35% that I would like displayed on the first label titled "ZigZag percentage high: ". The second label should display the average of the last five ZigZag percentage lows.

The code for the indicator is below.

Thanks for your help!

----------------------

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));

"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"));

take a look at this
it's almost the same thing . find 5 recent signals, total a number, divide by quantity (5), to get the average value.
i used a reverse counter, to count the signals from the last bar and going backwards.

https://usethinkscript.com/threads/...times-a-condition-occurred.16392/#post-130398