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Indicator Explorer (ZigZag) for Amibroker (AFL)
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//MACD POSC cross, By Dennis aka theoldchartreader@yahoo.com //With Explorer & Zig Filter by OzFalcon@BDen.org <MSG>. AdjBar = Param("Bar",0,0,BarCount,1); AdjZ = Param("Zig",10,0,20,.1); //Select Current Tickers OHLC CO = Ref(O,-AdjBar); CH = Ref(H,-AdjBar); CL = Ref(L,-AdjBar); CC = Ref(C,-AdjBar); //Select Foriegn OHLC "Ticker " + TN = Name() ; // Show Ticker "Index " + BI = GetBaseIndex(); //BI = BaseIndex String FO = Ref(Foreign( BI,"O"),-AdjBar); FH = Ref(Foreign( BI,"H"),-AdjBar); FL = Ref(Foreign( BI,"L"),-AdjBar); FC = Ref(Foreign( BI,"C"),-AdjBar); //Create Trend ZAC = Zig( CC, AdjZ ); UTrend = ZAC > Ref(ZAC, -1); DTrend = ZAC < Ref(ZAC, -1); //Do Cross (Create Result Arrays) t1 = OscP( 3, 6 ); Cond1a= Cross (t1,MACD()); Cond1b= MACD()>-1 AND MACD()<0; Cond1= Cond1a AND Cond1b; Cond2 = MACD()>Signal()-.5; Cond3 = Cross(0,t1); // Select Conditions to Display. C1 = Ref(Cond1,-AdjBar); C2 = Ref(Cond2,-AdjBar); C3 = Ref(Cond3,-AdjBar); //Plot Data Color = IIf(CO > CC, colorBlack, colorRed); PlotOHLC( CO,CH,CL,CC, "Price", color, styleCandle );//Plot Selected Ticker. PlotOHLC( FO,FH,FL,FC, BI, colorLightGrey);//Plot Sector Index. ZColor = IIf(UTrend, colorAqua, colorYellow); Plot( ZAC, "Zig", ZColor, 3); //Plot ZigZag Trend. //Show Buy/Sell Arrows. Buy = C1 AND C2 AND UTrend; Sell= C3 AND DTrend; PlotShapes( shapeDownArrow * Sell, colorRed ); PlotShapes( shapeUpArrow * Buy, colorGreen ); // Iterpretation "Be Aware of ZigZag Limitations."; "Use CTRL-R to Explore Signals/Zig.";