zigzag support resistance

• 03/14/2018 at 7:07 AM #65275
  Real Pro

  Hello,

  I have searched the forums but cannot find what I need.  Please tell me if it exists somewhere already.

  I want horizontal support/resistance lines plotted from the zig/zag turning points.  I’d like them plotted up to the point that they are crossed by the closing price.

  I’d be much obliged if someone could help.  Cheers.

  

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  03/14/2018 at 7:14 AM #65276
  Real Pro

  I have the following, but you can see the line needs to continue until close>line, and it doesn’t do that.

  I’m sure it just needs a little tweak but I can’t figure out what it is.

   

  percentVariation = (i) ww = ZigZag[percentVariation](close) peak = ww<ww[1] and ww[1]>ww[2] trough = ww>ww[1] and ww[1]<ww[2] IF trough THEN support=low ENDIF IF peak THEN resistance=high ENDIF support=min(low,support) resistance=max(high,resistance) RETURN support as "support", resistance as "resistance"

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  percentVariation = (i)   ww = ZigZag[percentVariation](close)   peak = ww<ww[1] and ww[1]>ww[2] trough = ww>ww[1] and ww[1]<ww[2]   IF trough THEN support=low ENDIF   IF peak THEN resistance=high ENDIF   support=min(low,support) resistance=max(high,resistance)   RETURN support as "support", resistance as "resistance"

   

  

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