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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
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 | /* 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); |
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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