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Zig-Hi-Zag-Lo for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker, zigzag
To use to plot the true Peak High and Trough Low
for study of chart pattern, to create trading system
Modified from http://trader.online.pl/MSZ/e-w-ZigZag_HiLo.html
Created By TohMz
All credit goes to the creator
Screenshots
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Indicator / Formula
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/*
Zig-Hi-Zag-Lo
To use to plot the true Peak High and Trough Low
for study of chart pattern, to create trading system
Modified from http://trader.online.pl/MSZ/e-w-ZigZag_HiLo.html
By TohMz
*/
pr=Param("ZigZag change amount", 5, 0.1,100,0.1);
pk=PeakBars(H,pr)==0;
tr=TroughBars(L,pr)==0;
zzHi=Zig(H,pr);
zzLo=Zig(L,pr);
Avg=(zzHi+zzLo)/2;
x=IIf(pk,zzHi,IIf(tr,zzLo,IIf(Avg>Ref(Avg,-1),H,L)));
zzHiLo=Zig(x,pr);
Plot( zzHiLo, "", ParamColor("Color",colorRed), ParamStyle("Style"));
//-- Delete below, to allow attach to any price chart
_N(Title = StrFormat("{{NAME}}- {{INTERVAL}} {{DATE}} O= %g, H= %g, L= %g, C= %g (%.1f%%) V= " +WriteVal( V, 1.0 ) +"\n{{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
PriceStyle = GetPriceStyle();
PriceStyleOpt = ParamStyle("Style") | PriceStyle;
if (PriceStyle==styleCandle)
Plot( C, "", colorBlack, PriceStyleOpt);
else
Plot( C, "", IIf( Close >= Ref(C, -1), colorBlue, colorRed ), PriceStyleOpt);
3 comments
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Looks into the future so not useful for developing a system.
i’ve been looking for this. thx. every zigzag is looking into the future. not many traders can use this. :D
thanks