// Downloaded From https://www.WiseStockTrader.com _SECTION_BEGIN("ZIG-ZAG"); Z=Param("zig",1,0,10,0.1); Plot( z1 = Zig(C,z), "Zig-zag Indicator" + _PARAM_VALUES(), ParamColor("Zig-zag color", colorOrange ), ParamStyle("Zig-zag style") ); Buy = Cover = Zig(C,z)>Ref(Zig(C,z),-1) AND Ref(Zig(C,z),-2)>Ref(Zig(C,z),-1); Sell = Short = Zig(C,z)<Ref(Zig(C,z),-1) AND Ref(Zig(C,z),-2)<Ref(Zig(C,z),-1); Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy); Short=ExRem(Short,Cover); Cover=ExRem(Cover,Short); Filter = Buy OR Sell; PlotShapes(IIf(Buy, shapeCircle, shapeNone),colorGreen, 0,BuyPrice, 0); PlotShapes(IIf(Sell, shapeCircle, shapeNone),colorRed, 0,SellPrice, 0); dist = 1.5*ATR(10); for( i = 0; i < BarCount; i++ ) { if( Buy[i] ) PlotText( "BUY\n"+C[ i ], i, BuyPrice[i]-dist[i],colorWhite, colorGreen ); if( Sell[i] ) PlotText( "SELL\n"+C[ i ], i, SellPrice[i]+dist[i],colorWhite, colorRed ); //if( Short[i] ) PlotText( "Short\n@" + C[ i ], i, H[ i ]+dist[i], colorRed, colorYellow ); //if( Cover[i] ) PlotText( "Cover\n@" + C[ i ], i, L[ i ]-dist[i],colorGreen ); }