ZigZag Cumulative Volume

v10.3
ZigZag Cumulative Volume

The theory is based on R Wyckoff works and refined by D Weis. In the nutshell cumulative volume helps to asses the strength of the ZigZag section which is difficult to measure if you looking at the individual volume bars only.

This indicator has been coded from a request on the english support forum:
https://www.prorealcode.com/topic/zigzag-with-cumulative-volume/

The indicator is based on percent variation ZigZag, the new peak or tough are triggered by a new price variation of X percent you can change with the “percentVariation” parameter in the indicator window.
I hope it will be helpful for people interested in Wave Weis analysis.

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Ivars • 02/17/2017 #

    Nicolas, is it possible to use this indicator for Gold trading at IG Market?
     
     

    • Nicolas • 02/17/2017 #

      This indicator will work for any instrument which have Volumes information from the broker.

  2. m-zeter • 02/17/2017 #

    Hello Nicolas,
    again a really nice indicator! I have no coding skills, but can you or someone else change the code, so that the red candles are under 0 and the green stay over 0?
    Best wishes zeter 🙂

    • Nicolas • 02/17/2017 #

      Not sure to perfectly understand, you want the red histogram to be under 0?

    • GustavoLoboOrenstein • 02/17/2017 #

      Hello Nicolas,

      I have a cumulative histogram update problem, the indicator often updates only after restarting the indicator, what should I try to do?

  3. GabrielVP • 02/17/2017 #

    Salut Nicolas. Je aimerais aussi que le volume des ventes était sous 0. Je pense que ce serait un bon filtre pour une utilisation dans un système automatisé avec Ichimoku.
    Merci beaucoup pour l’indicateur

    • Nicolas • 02/17/2017 #

      Voici le lien pour la version avec Volumes négatifs si le dernier ZigZag était un “peak”.
      https://www.prorealcode.com/topic/zigzag-with-cumulative-volume/page/2/#post-25828

  4. Sofitech • 02/17/2017 #

    Same request. Having the red histogram value in négative. And the green in positive. For the red, to keep the same volume values but with – (under 0)

    • Nicolas • 02/17/2017 #

      .. don’t understand this interest since it is only a well known zigzag indicator?!

  5. Sofitech • 02/17/2017 #

    What i like is not the ZZ part of the indicator. Think i would switch with some kind of moving average in the code. But the histogram volume count. So… having the histoGram in positive and negative would be cool. 

    • Nicolas • 02/17/2017 #

      Please add this request on probuilder forum. Thanks.

    • Nicolas • 02/17/2017 #

      Here is the link for the new version with cumulative Volumes as negative values when the last ZigZag was a peak.
      https://www.prorealcode.com/topic/zigzag-with-cumulative-volume/page/2/#post-25828

  6. Draper • 02/17/2017 #

    Merci Nicolas pour cet indicateur et pour les précédents aussi!  Je n’arrive pas à comprendre son fonctionnement et comment puis-je l’utiliser en intraday ! Merci encore.

  7. tatankayotanka • 02/17/2017 #

    Come posso fare per inserire uno proscreener che mi trovi quando lo zig zag cumulative presenti una candela verde?
     

    • Nicolas • 02/17/2017 #

      https://www.prorealcode.com/topic/screener-cvzz/

  8. tatankayotanka • 02/17/2017 #

     Grazie Nicolas

  9. oraclus • 02/17/2017 #

    Bonjour Nicolas , j’ai étudié cet indicateur et pour moi il repeint? est ce normal ou je ne sais l’utilisé?

    • Nicolas • 02/17/2017 #

      Bien sûr, celui-ci étant basé sur la détection des pics et creux façon “zigzag”, on ne peut jamais être sûr qu’un plus haut sera bien toujours le plus haut à la bougie qui suit.. Et vice versa pour les plus bas bien entendu. 

  10. DegoodBoby • 02/17/2017 #

    Hello Nicolas,
    pls I don’t know what I have done wrong, cos this indicator don’t work on my chart when insert it, it will appear in an area form and not exactly the way it is on the site. pls, help. Many Thanks Boby

    • Nicolas • 02/17/2017 #

      Do not add it on price, but like a usual oscillator indicator instead. Be sure that the instrument got Volumes.

  11. DegoodBoby • 02/17/2017 #

    Thank you, Nicolas, for the swift response, however, i do add it as an oscillator not on chart and am getting the same result

  12. Real Pro • 02/17/2017 #

    Hi Nicolas. Thanks for this helpful indicator. I wonder if you’d consider a modification? My idea is to plot the cumulative swing vol on the price chart, but as line thickness. For example, if the swing has high volume, it’s thick, if low it’s thin… with graded thickness. I’d love to do this myself but lack the coding skills. Would you mind please? Many thanks.

  13. Radical007 • 02/17/2017 #

    Bonjour Nicolas, en trading automatique avec la dernière version de ProRealCode: la fonction ZigZag est renseignée comme obsolète – comment détourner celà? – merci d’avance

    • Nicolas • 02/17/2017 #

      Pas obsolète mais impossible à utiliser pour le trading automatique sous ProOrder. Je vous encourage à essayer d’autres techniques pour trouver les pics et les creux (plus haut / plus bas).

  14. mrdeepak • 02/17/2017 #

    Hi Nicolas. Thank you for this excellent indicator. I am using it in particular for Wykoff-Weis analysis.

    Are you able to advise how i would also calculate the price movement of each swing. i.e. if it is an upswing, the price delta would be the close – trough price. Else if it is a downswing, the price delta wold be a peak price – close. This is the Weis Pip Swing wave. similar to the volume wave, just calculating the price movement of each swing.

    • Nicolas • 02/17/2017 #

      Sure, please open a new topic in the probuilder forum with all specifications needed.

  15. toni1750 • 02/17/2017 #

    Hola, funciona en P11? lo he puesto y no me sale como en la imagen. gracias.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+6 more likes

Related users ' posts
NEOMKEY Magnífico !!!. Al menos para mí. Gran trabajo con tus aportes Iván. Mira a ver si le incluye...
Iván jajaja gracias :)
oliTR Very good Iván ! However what would be the modification to add to the code in order to dis...
Iván
9 months ago
Iván I personally like it in daily timeframe
oliTR Many thanks Ivan, I copy/paste your code to try it but could only get a constant stable unif...
Iván Hi, I've copied the code above and it works... what asset are you trying? $indices array ...
Razz Bonjour Je pense que votre indicateur est très bon. Serait-il possible d'afficher la heatma...
philippe59139 if marketEtHeamap=1 then drawtext("#touch#",barindex+10,checkprice,SansSerif,Standard,10) c...
philippe59139 voici pour toi RAZZ il te faut simplement ajouter les drawtext https://www.prorealcode.com...
JS
1 year ago
steffen_burat Hello Nicolas, I have a cumulative histogram update problem, the indicator often updates ...
taklause Hello Nicolas, if I try to use your indicator in a trading system, the error on prc pops up ...
Gio56 Bonjour Nicolas J'ai le meme souci que steffen , l'indicateur ne cumule qu'après avoir redé...
Rafa Hi Nicolas! I can´t install this indicator. it installs in a separate window not as an av...
Nicolas Add it on the price, see how: https://www.prorealcode.com/blog/video-tutorials/how-to-add-an...
Frankyslo1 No consigo instalarlo en el precio en PRL-version 10
Khaled As this section of the forum is in English, I'll reply in English. I'm using PRT v11, so I d...
sal157011 Don't understand where it says: "Volume Pressure Histogram: Columns plotted in positive are ...
Khaled Not sure to understand the question. However, the columns (Histogram) represent the variable...
Alai-n Cela fonctionne très bien !!! Super Merci
andreabarbuscia Ciao Nicolas, molto bello questo indicatore, l'ho apprezzato molto. Lo sto testando insieme...
Alai-n Je poste ici un lien afin de mieux appréhender le CVD-Cumulative Volume Delta : https://www....
Nicolas
3 years ago
DELBERT Bonsoir , Nicolas , j'ai transféré votre indicateur sur ma PRT 10,3 et j'ai un méssage d'ére...
Nicolas Vous pouvez essayer en remplacant la ligne avec: vwapsd = sqrt(average[lengthz](square(clo...
DELBERT Bonsoir , merci Nicolas , a bientôt .
ChemaGeek Bonjour Nicolas, j'ai récemment découvert cet indicateur (Regularized Momentum 2017) et je l...
YvesRobert Bonjour, nouveau sur PRT (qq jours), j'essaie un peu de voir quel type d'indicateur me convi...
Ichimoku Reading I don't know in this case, I just downloaded it again and no problem for me. Try to downloa...
Ichimoku Reading What's the error that appears ?
Suzu Yuk Yes, it worked with 1Tick with 200 K . Thank you very much.
Monobrow Hi Daniele Thank you for the indicator, it looks very good. However, I have a problem so...
avatar
Anonymous Thanks very much for sharing, look forward to testing this idea out.
mathiasKN Thank you Daniele for making this script, I know its been some time since the release but wo...
Barrabas15 Apparently, according to the attached data, there is an error in the indicator code. Attach...
Barrabas15 The files are at the end of the following link: https://www.prorealcode.com/topic/time-seg...
robertogozzi Thank you Barrabas15, the correct code is at https://www.prorealcode.com/topic/time-segmente...
Nicolas esta possible
bolsatonimora2 Hola Nicolas, perdona la molestia, pero podrias codificar el screener para rupturas de sopor...
Nicolas Utilice los foros para solicitar una codificación personalizada.
GARNIEPI hello I am looking for an anchored vwap intraday, indicator which allows you to visualize th...
withoutwings To be able to flexibly wrap around the full 24h (i.e. past midnight), or to use just a singl...
yeoreum Thank you very much for the screener, it reminds me on Minervini VCP. How to change th...
reecet any codes like this but in minutes and hours rather than days?
PHAN100 bonjour, je viens de tester ce screener, je constate une anomalie...il ne renvoie pas l'e...
jaginho Bonjour Vivien, je n'arrive pas à comprendre ce screener... En tout cas merci pour tes contr...
avatar
Anonymous Superb, merci!

Top