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ZIG-ZAG for Amibroker (AFL)
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ZIG-ZAG Formula for swing trade
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Indicator / Formula
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_SECTION_BEGIN("ZIG ZAG");
SetChartOptions(1, chartShowDates);
pr = Param("ZZ", 5, 1, 100);
EWpk = PeakBars(H, pr, 1) == 0;
EWtr = TroughBars(L, pr, 1) == 0;
zz = Zig(C, pr);
zzHi = Zig(H, pr);
zzLo = Zig(L, pr);
Avg = (zzHi+zzLo)/2;
RetroSuccessSecret = IIf(EWpk, zzHi, IIf(EWtr, zzLo, IIf(Avg > Ref(Avg,-1), H, L)));
EW = Zig(RetroSuccessSecret, pr);
Plot(C, "Close", colorBlack, styleCandle);
Plot(EW, "ZIG ZAG", colorBlue, styleThick);
Buy = TroughBars(EW, pr, 1) == 0;
Sell = PeakBars(EW, pr, 1) ==0;
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);
PlotShapes( shapeUpArrow * Buy, colorGreen, 0, Low );
PlotShapes( shapeDownArrow * Sell, colorRed, 0, High );
_SECTION_END();0 comments
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