// Downloaded From https://www.WiseStockTrader.com _SECTION_BEGIN("zigExplorer"); //z_ZigZagValid // ******** CHARTING PercentChange = Param("Zig1",1.50,0,5,0.05); ZZ = Zig(H,LastValue(PercentChange)) ; //Plot ZigZag //Plot(ZZ,"ZigZag", colorLightGrey,styleLine|styleThick|styleNoLabel); //Plot(ZZ," ", BarColors,styleDots|styleNoLine); //Plot(ROC(ZZ,1),"ZZ",colorRed,styleLine|styleOwnScale); PivotLow = Ref(IIf(Ref(ROC(ZZ,1),-1) < 0 AND ROC(ZZ,1) > 0, 1, Null),1); PivotHigh = Ref(IIf(Ref(ROC(ZZ,1),-1) > 0 AND ROC(ZZ,1) < 0, 1, Null),1); /* Buy_Valid = IIf(C>(1+(LastValue(PercentChange)/100))*(ValueWhen(PivotLow, C,1)) AND ROC(ZZ,1) > 0,1,0); Sell_Valid = IIf(C<(1-(LastValue(PercentChange)/100))*(ValueWhen(PivotHigh, C,1)) AND ROC(ZZ,1) < 0,1,0); */ Buy_Valid = IIf(C>(1+(PercentChange/100))*(ValueWhen(PivotLow, C,1)) AND ROC(ZZ,1) > 0,1,0); Sell_Valid = IIf(C<(1-(PercentChange/100))*(ValueWhen(PivotHigh, C,1)) AND ROC(ZZ,1) < 0,1,0); Buy_Valid = ExRem(Buy_Valid,Sell_Valid); Sell_Valid = ExRem(Sell_Valid,Buy_Valid); //Plots the arrows PlotShapes( shapeSmallUpTriangle*Buy_Valid, colorGreen,0, L, -12); PlotShapes( shapeSmallDownTriangle*Sell_Valid, colorRed,0,H, -12) ; BarColors = IIf(BarsSince(Buy_Valid) < BarsSince(Sell_Valid) AND BarsSince(Buy_Valid)!=0, colorGreen, IIf(BarsSince(Sell_Valid) < BarsSince(Buy_Valid) AND BarsSince(Sell_Valid)!=0, colorRed, colorBlue)); //Plot the Candlestick charts Plot(C, "Close", BarColors, styleCandle ) ; Title = Name() + " " + Date() + " Op=" + Open + " Hi=" + High + " Lo=" + Low + " C=" + Close + WriteIf(PivotLow, " Up Pivot ","")+WriteIf(PivotHigh," Down Pivot ","")+ WriteIf(Buy_Valid, " Buy Point ", "") + WriteIf(Sell_Valid, " Sell Point ", "") ; _SECTION_END();