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Indicador Zig Zag

Kawabunga Swing Failure Points Candles (SFP) by RRBKawabunga Swing Failure Points Candles (SFP) by RagingRocketBull 2019 Version 1.0 This indicator shows Swing Failure Points (SFP) and Swing Confirmation Points (SCP) as candles on a chart. SFP/SCP candles are used by traders as signals for trend confirmation/possible reversal. The signal is stronger on a higher volume/larger candle size. A Swing Failure Point (SFP) candle is used to spot a reversal: - up trend SFP is a failure to close above prev high after making a new higher high => implies reversal down - down trend SFP is a failure to close below prev low after making a new lower low => implies reversal up A Swing Confirmation Point (SCP) candle is just the opposite and is used to confirm the current trend: - up trend SCP is a successful close above prev high after making a new higher high => confirms the trend and implies continuation up - down trend SCP is a successful close below prev low after making a new lower low => confirms the trend and implies continuation down Features: - uses fractal pivots with optional filter - show/hide SFP/SCP candles, pivots, zigzag, last min/max pivot bands - dim lag zones/hide false signals introduced by lagging fractals or - use unconfirmed pivots to eliminate fractal lag/false signals. 2 modes: fractals 1,1 and highest/lowest - filter only SFP/SCP candles confirmed with volume/candle size - SFP/SCP candles color highlighting, dim non-important bars Usage: - adjust fractal settings to get pivots that best match your data (lower values => more frequent pivots. 0,0 - each candle is a pivot) - use one of the unconfirmed pivot modes to eliminate false signals or just ignore all signals in the gray lag zones - optionally filter only SFP/SCP candles with large volume/candle size (volume % change relative to prev bar, abs candle body size value) - up/down trend SCP (lime/fuchsia) => continuation up/down; up/down trend SFP (orange/aqua) => possible reversal down/up. lime/aqua => up; fuchsia/orange => down. - when in doubt use show/hide pivots/unconfirmed pivots, min/max pivot bands to see which prev pivot and min/max value were used in comparisons to generate a signal on the following candle. - disable offset to check on which bar the signal was generated Notes: Fractal Pivots: - SFP/SCP candles depend on fractal pivots, you will get different signals with different pivot settings. Usually 4,4 or 2,2 settings are used to produce fractal pivots, but you can try custom values that fit your data best. - fractal pivots are a mixed series of highs and lows in no particular order. Pivots must be filtered to produce a proper zigzag where ideally a high is followed by a low and another high in orderly fashion. Fractal Lag/False Signals: - only past fractal pivots can be processed on the current bar introducing a lag, therefore, pivots and min/max pivot bands are shown with offset=-rightBars to match their target bars. For unconfirmed pivots an offset=-1 is used with a lag of just 1 bar. - new pivot is not a confirmed fractal and "does not exist yet" while the distance between it and the current bar is < rightBars => prev old fractal pivot in the same dir is used for comparisons => gives a false signal for that dir - to show false signals enable lag zones. SFP/SCP candles in lag zones are false. New pivots will be eventually confirmed, but meanwhile you get a false signal because prev pivot in the same dir was used instead. - to solve this problem you can either temporary hide false signals or completely eliminate them by using unconfirmed pivots of a smaller degree/lag. - hiding false signals only works for history and should be used only temporary (left disabled). In realtime/replay mode it disables all signals altogether due to TradingView's bug (barcolor doesn't support negative offsets) Unconfirmed Pivots: - you have 2 methods to check for unconfirmed pivots: highest/lowest(rightBars) or fractals(1,1) with a min possible step. The first is essentially fractals(0,0) where each candle is a pivot. Both produce more frequent pivots (weaker signals). - an unconfirmed pivot is used in comparisons to generate a valid signal only when it is a higher high (> max high) or a lower low (< min low) in the dir of a trend. Confirmed pivots of a higher degree are not affected. Zigzag is not affected. - you can also manually disable the offset to check on which bar the pivot was confirmed. If the pivot just before an SCP/SFP suddenly jumps ahead of it - prev pivot was used, generating a false signal. - last max high/min low bands can be used to check which value was used in candle comparison to generate a signal: min(pivot min_low, upivot min_low) and max(pivot max_high, upivot max_high) are used - in the unconfirmed pivots mode the max high/min low pivot bands partially break because you can't have a variable offset to match the random pos of an unconfirmed pivot (anywhere in 0..rightBars from the current bar) to its target bar. - in the unconfirmed pivots mode h (green) and l (red) pivots become H and L, and h (lime) and l (fuchsia) are used to show unconfirmed pivots of a smaller degree. Some of them will be confirmed later as H and L pivots of a higher degree. Pivot Filter: - pivot filter is used to produce a better looking zigzag. Essentially it keeps only higher highs/lower lows in the trend direction until it changes, skipping: - after a new high: all subsequent lower highs until a new low - after a new low: all subsequent higher lows until a new high - you can't filter out all prev highs/lows to keep just the last min/max pivots of the current swing because they were already confirmed as pivots and you can't delete/change history - alternatively you could just pick the first high following a low and the first low following a high in a sequence and ignore the rest of the pivots in the same dir, producing a crude looking zigzag where obvious max high/min lows are ignored. - pivot filter affects SCP/SFP signals because it skips some pivots - pivot filter is not applied to/not affected by the unconfirmed pivots - zigzag is affected by pivot filter, but not by the unconfirmed pivots. You can't have both high/low on the same bar in a zigzag. High has priority over Low. - keep same bar pivots option lets you choose which pivots to keep when there are both high/low pivots on the same bar (both kept by default) SCP/SFP Filters: - you can confirm/filter only SCP/SFP signals with volume % change/candle size larger than delta. Higher volume/larger candle means stronger signal. - technically SCP/SFP is always the first matching candle, but it can be invalidated by the following signal in the opposite dir which in turn can be negated by the next signal. - show first matching SCP/SFP = true - shows only the first signal candle (and any invalidations that follow) and hides further duplicate signals in the same dir, does not highlight the trend. - show first matching SCP/SFP = false - produces a sequence of candles with duplicate signals, highlights the whole trend until its dir changes (new pivot). Good Luck! Feel free to learn from/reuse the code to build your own indicators!
Indicador Pine Script®
por RagingRocketBull
21
zigzag Pivots v1So I took the zigzag pivot of my last script , i remove the original zigzag and replace it by % zigzag , then i add the TP % 1 and 2 and by the cross of the uptrend of the zigzag % of the pivot points of support and resistance we can make buy and sell signal (H and L) and take the profit out by the trend using the Take profit 1 and 2. for each time frame you need to set up the % correctly for the best fit to get optimal results set also the bar length or resistance to best fit (now its on 20) try maybe 10 or 15
Indicador Pine Script®
por RafaelZioni
4
zigzag PivotsThis is based on two model : the first is the zigzag model of Ricardo Santos the second is a pivot system for high and low to find resistance made by jaggedsoft I try to show the connection between them and to form a cross of when the zigzag model crossing the pivot model this is seen in show sig best approach is to find the low based on the pivot system and try to make your buy around that spot . when there is high resistance either exit or buy when the asset cross it above . in case of short do the opposite
Indicador Pine Script®
por RafaelZioni
4
Weis Wave ChartThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike other implementations I found here on TradingView, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the volume indicator here:
Indicador Pine Script®
por modhelius
20
ZigZag BandsThis script plots a central line and top and bottom lines, like a bands. If the market is up and price still going up then central line follow the last closed "close" value. If the market is up and price goes down, then central line stop change. If price still going down and cross bottom line, the direction changes and central line start to follow the close value if it is below central line. I recommend to use Bandsize = 2 or 3 times ATR(300 or bigger) This script is used in pair with my ZigZag Volume Accumulator,
Indicador Pine Script®
por tmsiqueira