Zigzag with points

• 08/22/2019 at 10:33 PM #105343
  Crillezz

  Hey! I have been looking here for a ZigZag inductor that shows how many points from previous low or high.

  But can’t find it.

  Is there anyone who can help me with that?

  Would also like to be able to set how many points it must be before there is a new zigzag.

  

  Crillezz

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  08/29/2019 at 3:38 PM #105841
  Nicolas

  To define the amount of points/pips, you can set it to units in the zigzag indicator settings.

  To display the points since the last zigzag, do you want it to be displayed like in the picture you have attached?

  

  Nicolas

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  09/01/2019 at 9:43 AM #106056
  Crillezz

  Yes I want it to be displayed like the Picture.

  

  Crillezz

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  09/01/2019 at 9:50 AM #106057
  Crillezz

  If it’s possible, it would show the points in real time even if the zigzag movement is not completed?

  

  Crillezz

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  09/02/2019 at 12:41 PM #106226
  Nicolas

  The indicator must be separated into 2 different codes. One that plot the previous zigzag points and segments and another one that plot the actual price difference since the last point, here are the 2 codes below:

  Apply them on your price chart.

  zzpoint=30 zzh=ZigZagPoint[zzpoint](high) zzl=ZigZagPoint[zzpoint](low) if zzh<zzh[1] and zzh[1]>zzh[2] then hh=zzh[1] hhbar=barindex[1] diff=hh-ll drawtext("#diff#",hhbar,hh,dialog,bold,30)coloured(0,191,255) drawsegment(hhbar,hh,llbar,ll)coloured(0,191,255) endif if zzl>zzl[1] and zzl[1]<zzl[2] then ll=zzl[1] llbar=barindex[1] diff=hh-ll drawtext("#diff#",llbar,ll,dialog,bold,30)coloured(0,191,255) drawsegment(hhbar,hh,llbar,ll)coloured(0,191,255) endif return

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  zzpoint=30   zzh=ZigZagPoint[zzpoint](high) zzl=ZigZagPoint[zzpoint](low)   if zzh<zzh[1] and zzh[1]>zzh[2] then hh=zzh[1] hhbar=barindex[1] diff=hh-ll drawtext("#diff#",hhbar,hh,dialog,bold,30)coloured(0,191,255) drawsegment(hhbar,hh,llbar,ll)coloured(0,191,255) endif   if zzl>zzl[1] and zzl[1]<zzl[2] then ll=zzl[1] llbar=barindex[1] diff=hh-ll drawtext("#diff#",llbar,ll,dialog,bold,30)coloured(0,191,255) drawsegment(hhbar,hh,llbar,ll)coloured(0,191,255) endif   return

  plot the points differences:

  defparam drawonlastbaronly=true zzpoint=30 zzh=ZigZagPoint[zzpoint](high) zzl=ZigZagPoint[zzpoint](low) if zzh<zzh[1] and zzh[1]>zzh[2] then last=zzh[1] endif if zzl>zzl[1] and zzl[1]<zzl[2] then last=zzl[1] endif diff=abs(close-last) drawtext("#diff#",barindex,high+AverageTrueRange[14](close),dialog,bold,30)coloured(0,191,255) return

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  defparam drawonlastbaronly=true   zzpoint=30   zzh=ZigZagPoint[zzpoint](high) zzl=ZigZagPoint[zzpoint](low)   if zzh<zzh[1] and zzh[1]>zzh[2] then last=zzh[1] endif   if zzl>zzl[1] and zzl[1]<zzl[2] then last=zzl[1] endif   diff=abs(close-last) drawtext("#diff#",barindex,high+AverageTrueRange[14](close),dialog,bold,30)coloured(0,191,255)   return

  Because of the repainting nature of zigzag, the last segments could retrace itself repeatedly over time, so you’ll have to reload the chart once in a while.

   

   

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  Maa

  

  Nicolas

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  09/02/2019 at 8:30 PM #106267
  Crillezz

  Thank you. That’s exactly what I wanted

  

  Crillezz

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  03/08/2020 at 12:47 PM #121478
  frafabry

  Hi, and thanks for the excellent indicator! Is it possible to change the code so that the counting takes place for each inversion of the chart as a monster in the screenshot?

  

  frafabry

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  03/09/2020 at 10:51 AM #121533
  Nicolas

  Sorry but I don’t get it! you can change the points value in the code for the zigzag tops and bottoms to be more versatile.

  

  Nicolas

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  07/14/2021 at 1:52 PM #173626
  Mickael.B

  Hello Nicolas . The code only shows me the current level in bigger size and not the number of points of the ZigZag, I nevertheless respect your instructions. thank you in advance

  

  Mickael.B

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  07/15/2021 at 8:51 AM #173654
  Nicolas

  @mickael-b

  please respect the posting rules, the topic is in english, I translated your reply.

  The code plots the difference between the 2 last zigzag points, in price format, if you want it to be converted into point, divide it by POINTSIZE (see attached example).

   

   

  

  Nicolas

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  07/15/2021 at 2:09 PM #173673
  Mickael.B

  Thanks Nicolas and sorry for the translation.
  What I am looking for is the indicator that displays the number of pips between the ZigZag as in your example of 09/02/2019
  Thanks again

  

  Mickael.B

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  07/15/2021 at 2:38 PM #173674
  Mickael.B

  I just found out that it works on gold, US30, CAC40 and others but no FOREX.

  

  Mickael.B

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  07/15/2021 at 2:41 PM #173675
  Nicolas

  yes, that’s why you have to change the “diff” variable calculation, look at the picture I posted earlier.

  or you can change the “zzpoints” setting to 0.0030 for EURUSD for instance, instead of 30, which is huge = 30.0000

  

  Nicolas

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