Looking for Zig Zag Validation, Trend, and Threshold indicators
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Hello everyone....I have three Zig Zag indicators that it would be great to have for MT4...they are in Metastock/Tradestation language...
Here is the code:
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;
Info about these can be found here:
Zigzag literature
Thanks!
Jeff