ZigZag Channels! - page 4

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kappari
189
kappari  

Also here's the USDJPY results for the last week ,

xard777
1243
xard777  
codersguru:
Very elegant chart Xard Yes the the default back is 0 but it should be 1. I'll check this in the next version and add alert when the price breaks the channel!

I was just wondering when you update your indicator if you could include a forward arc showing the settings that would trigger the next hi/low of the zigzag.

Xard777

toddanderson
495
toddanderson  

alert or line at next zigzag level

I agree with xard it would be very usefull if there where lines or something

where the next hi low zigzag

xard777:
I was just wondering when you update your indicator if you could include a forward arc showing the the settings that would trigger the next hi/low of the zigzag. Xard777
za_xc03
12
za_xc03  

Confius

Hai all ,

This is great zigzag , thank you Cg and Fx_sniper2 but can u Fx_Snipers2 explain to me want is small number at Extline example 2.24,1.414 and etc and how i want use this number for my guiding ?

Thank you

stljeffbb
5
stljeffbb  

Great stuff! Is it possible to also translate the Zig Zag Validity and Zig Zag Thresholds into MetaTrader?

http://www.plutumtrading.com/ZigzagThresholdCode.htm

Thanks

stljeffbb
5
stljeffbb  

ZigZag Validation, Trend, and Threshold

Here is the code for these three indicators written in metastock/tradestation language:

ZIG ZAG VALIDATION

This indicator validates the LAST LEG of Zigzag.

Values returned:

1 = valid leg (not revisable), 0 = invalid leg (revisable).

Do NOT use this indicator in systems or for backtesting.}

perc:=Input("Percent",0.0001,1000,10);

Z:=Zig(CLOSE,perc,%);

last:=ValueWhen(1,( Z > Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2) )

OR

( Z Ref(Z,-2) ),

Ref(Z,-1));

pc:=(CLOSE-last) * 100 / last;

pc:= Abs(pc);

SD:=(z>Ref(z,-1) AND Ref(z,-1)>Ref(z,-2)) OR (z<Ref(z,-1) AND Ref(z,-

1)<Ref(z,-2));

res:=If(pc>=perc ,1,0);

If(Alert(res,2) AND SD,1,res)

ZIG ZAG TREND

{This is a safe indicator as it deals with valid trends only.

You can trade it directly or incorporate it in any other

tool or system.}

Values returned:

1 = Valid uptrend, -1 = valid downtrend }

vr:=Input("Field (0=Ind/tor, 1=Open, 2=High, 3=Low, 4=Close)",0,4,0);

amnt:=Input("Reversal amount",0.0001,1000,10);

md:=Input("Method (1=Percent, 2=Points)",1,2,1);

vr:=If(vr=1,OPEN,If(vr=2,HIGH,If(vr=3,LOW,If(vr=4, CLOSE,P))));

zz0:=If(md=1, Zig(vr,amnt,%), Zig(vr,amnt,$));

zz1:=Ref(zz0,-1);

zz2:=Ref(zz0,-2);

tr:=ValueWhen(1,zz0>zz1 AND zz1<zz2, zz1);

pk:=ValueWhen(1,zz0zz2, zz1);

PU:=If(md=1,tr+Abs(tr)*amnt/100,tr+amnt);

PD:=If(md=1,pk-Abs(pk)*amnt/100,pk-amnt);

res:=If(vr>=PU AND zz0>zz1,1,

If(vr<=PD AND zz0<zz1,-1,0));

res:=If(res0,res,ValueWhen(1,res0,res));

res

ZIG ZAG THRESHOLD

{This indicator returns the price at which Zigzag Trend (ZZT) will change direction

(the price at which we will have a new confirmed trend)}

vr:=Input("Field (0=Ind/tor, 1=Open, 2=High, 3=Low, 4=Close)",0,4,0);

amnt:=Input("Reversal amount",0.0001,1000,10);

md:=Input("Method (1=Percent, 2=Points)",1,2,1);

vr:=If(vr=1,OPEN,If(vr=2,HIGH,If(vr=3,LOW,If(vr=4, CLOSE,P))));

zz0:=If(md=1, Zig(vr,amnt,%), Zig(vr,amnt,$));

zz1:=Ref(zz0,-1);

zz2:=Ref(zz0,-2);

tr:=ValueWhen(1,zz0>zz1 AND zz1<zz2, zz1);

pk:=ValueWhen(1,zz0zz2, zz1);

PU:=If(md=1,tr+Abs(tr)*amnt/100,tr+amnt);

PD:=If(md=1,pk-Abs(pk)*amnt/100,pk-amnt);

res:=If(vr>=PU AND zz0>zz1,1,

If(vr<=PD AND zz0<zz1,-1,0));

res:=If(res0,res,ValueWhen(1,res0,res));

top:=HighestSince(1,res>Ref(res,-1),vr);

bot:=LowestSince(1,res<Ref(res,-1),vr);

threshold:=If(res=-1,

If(md=1,bot+Abs(bot)*amnt/100,bot+amnt),If(md=1,top-Abs(top)*amnt/100,top-amnt));

threshold;

Thanks!

yamdigger
5
yamdigger  

This is just what I was looking for

Hey CodesGuru, thanks a million! This is EXACTLY what I was looking for.

I'm creating an EA that trades trend-line breaks and uses the BrainTrading1Stop as a trailing stop loss.

Again, thanks allot!

Yam Digger

fxbs
3203
fxbs  
increase:
The problem with the zigzags seems to be the repainting, if this member reckons this does not repaint, couldnt someone fix it so it displays the zigzags? https://www.mql5.com/en/forum/176034

just interesting observation - doesn't seem like anyone worries about Price Cannel "repainting" (or Ichimoku [midlinesHH-LL/2]) and if ZZ- line from top to bottom of Price Cannel... we can leave the old ('counceled') leg and build new (two or three tops) - no repainting ... would it help?

- if there is special thread 4this - please, throw the link

Константин
81
Константин  

Hello! A very nice indicator, but I don't understand how to use it in expert advisor? I've tried this kind of code:

H1ZigZagUp = iCustom("GBPUSD",60,"ZigZag_Channels",12,5,3,Yellow,Yellow,1,2,0);

H1ZigZagBottom = iCustom("GBPUSD",60,"ZigZag_Channels",12,5,3,Yellow,Yellow,1,3,0);

But when i tested this, trend lines didn't change, they just stuck in their start position.

Does anybody know the proper solution?

prasxz
1259
prasxz  

Zz

Hi,

I think there's zigzag indicator that not repaint....HiLow Zigzag is not repaint

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Forex Indicators Collection

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