OPEN-SOURCE SCRIPT

Multi-Timeframe MA Based Zigzag[liwei666]

מעודכן
🎲 Overview

🎯 This Zigzag indicator build based on different MA such as EMA/HMA/RMA/SMA, support multi-timeframe setting.
you can get customer zigzag indicator by change short/long ma length and high-timeframe config(5m/15m/30m/1h/2h) in any symbol.


🎲 Indicator design logic

🎯 entired logic is simple and code looks complex, I‘ll explain core logic here, code already equipped with detailed comments.

1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under, not use func ta.pivothigh()/ta.pivotlow()
2. when EMA crossover/under plot a char as signal like ●/❄/▲, crossover get blue char crossunder get red char
3. latest zigzag line is not drawn until EMA is turned(crossover/under), but signal is realtime
4. you can see diff zigzag structure when you open high-timeframe config, then find regular pattern benefit your trading.


🎲 Settings

🎯 there are 3 group properties in script, just focus on 5 properties in 'GRP1',
'GRP2' and 'GRP3' are display config.

'GRP1':
  • MA_Type: MA type you can choose(EMA/RMA/SMA/HMA/WMA), default is EMA
  • short_ma_len: short MA length of your current timeframe on chart
  • long_ma_len: long MA length of your current timeframe on chart
  • htf_ma_len: MA length of high timeframe, MA type same as 'MA_Type' config
  • htf_ma_tf: high timeframe ma length, 15/30/60/120 minute


'GRP2':
• show_short_zz • show_long_zz  • show_htf_zz:

'GRP3':
• show_short_ma_line • show_short_ma_signal
• show_long_ma_line • show_long_ma_signal
• show_htf_ma_line • show_htf_ma_signal


🎲 Usage

🎯 As we know, MA based signal usually worked fine in trend market, low volatility is unprofitable.

🎯 One of pattern as the chart show below.
1. success example: after a blue ▲ signal, entry long when blue ● signal appear, marked with green box.
2. failed example: after a blue ▲ signal, a red ▼ signal appear, marked with white box.

תמונת-בזק

🎯 BoS(Break of Structure) based on ma zigzag is a good idea I'm implementing, it will be published in next script.

Additionally, I plan to publish 20 profitable strategies in 2023; this indicatior not one of them,
let‘s witness it together!

Hope this indicator will be useful for you :)

enjoy! 🚀🚀🚀
הערות שחרור
update config panel layout
Exponential Moving Average (EMA)Hull Moving Average (HMA)multi-timeframeZigzagZig Zag Indicator

סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?

כתב ויתור