Zig-Hi-Zag-Lo for Amibroker (AFL)
xavier almost 15 years ago Amibroker (AFL)
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
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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