ZigZag (Using Line Array)

2021年7月3日

This is standard zigzag indicator. I just coded them using lines array feature of pine - so that it can be done in least number of lines of code.

Few possible improvements:

• Use label array to mark HH, HL, LH and LL
  
• Add standard deviation check
  

2021年7月3日

發行說明

Added updates mentioned in the description.

2021年7月3日

發行說明

Corrected HL and LH labels

2021年7月4日

發行說明

Added ratios display.

2021年7月5日

發行說明

• Previously, using pivotHigh and pivotLow on every bar for last 10 periods caused some inconsistencies in plotting zigzag. Hence, switched to points based calculation. However, zigzags are still created via lines array
  
• Fixed empty label issue
  

2021年7月5日

發行說明

Solved array index out of bounds issue

2021年7月11日

發行說明

Adding option to apply zigzag on different source such as RSI. This enables plotting zigzag and ratios on RSI - which can be used for finding divergence.

2021年7月13日

發行說明

• Corrected minor logical error.
  
• Removed DeviationThreshold as it was leading to wrong calculation