OPEN-SOURCE SCRIPT
已更新 Zig Zag with HHLL
This powerful tool calculates and displays two Zig Zag patterns simultaneously while dynamically identifying key market structure points—Higher Highs (HH), Lower Lows (LL), Higher Lows (HL), and Lower Highs (LH).
Because the script is dynamic, the most recent HH, HL, LL, or LH can update in real-time as price action evolves. For example, if the price continues to rise, a previously marked HL may be reclassified as an LL. Likewise, a falling LH may later turn into a HH if the market reverses.
This script is versatile and can be applied to various trading strategies, including trend analysis, support and resistance identification, breakout setups, and more.
Added a new input parameter decimals that allows you to control the decimal precision:
Set to -1 (default) for automatic detection based on the symbol's minimum tick size
Set to 0-8 for a specific number of decimal places.
How it works:
Auto mode (decimals = -1): The script automatically determines how many decimal places to show based on the instrument's minimum tick size. For example:
Forex pairs (0.00001) → 5 decimals
Stocks ($0.01) → 2 decimals
Crypto (0.00000001) → 8 decimals
Manual mode (decimals = 0-8): You can force a specific number of decimal places if needed
Because the script is dynamic, the most recent HH, HL, LL, or LH can update in real-time as price action evolves. For example, if the price continues to rise, a previously marked HL may be reclassified as an LL. Likewise, a falling LH may later turn into a HH if the market reverses.
This script is versatile and can be applied to various trading strategies, including trend analysis, support and resistance identification, breakout setups, and more.
Added a new input parameter decimals that allows you to control the decimal precision:
Set to -1 (default) for automatic detection based on the symbol's minimum tick size
Set to 0-8 for a specific number of decimal places.
How it works:
Auto mode (decimals = -1): The script automatically determines how many decimal places to show based on the instrument's minimum tick size. For example:
Forex pairs (0.00001) → 5 decimals
Stocks ($0.01) → 2 decimals
Crypto (0.00000001) → 8 decimals
Manual mode (decimals = 0-8): You can force a specific number of decimal places if needed
發行說明
Ehanced with fractals.Key Benefits:
Comprehensive Analysis: Combines Zig Zag trend analysis with precise fractal identification
Clean Interface: Well-organized input groups make the script easy to configure
Flexible Display: Independent toggles for Zig Zag lines, HHLL labels, and fractals
Advanced Fractal Logic: Handles equal highs/lows for more accurate fractal detection
Visual Harmony: Fractals use subtle transparency (25%) to complement the Zig Zag lines
The script now provides a comprehensive market structure analysis tool, displaying both major trend changes (ZigZag) and precise reversal points (fractals) with full customization options. You can use them together for comprehensive analysis or independently as needed.
發行說明
Updated the script to allow accurate price display across all instruments開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。