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ZigZag - Using Pivot by Jose Silva

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From: tan ming <reminiscenostalgia [at] hotmail [dot] com>
To: equismetastock [at] yahoogroups [dot] com <equismetastock [at] yahoogroups [dot] com>
Date: Monday, February 13, 2006, 10:24:07 AM
Subject: [EquisMetaStock Group] ZigZag Using Pivot
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Hi is there any indicator which can show zigzag using pivot instead percentage change? The up pivot definition is Ref(L,-1) < Ref(L,-2) AND Ref(L,-1) < L and vice verse for down pivot.

And how to code a indicator showing 1 if the tough is less than previous tough and 0 if tough is more than previous tough?

Regards.
Adrian

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From: Jose Silva <josesilva22 [at] yahoo [dot] com>
To: equismetastock [at] yahoogroups [dot] com <equismetastock [at] yahoogroups [dot] com>
Date: Monday, February 13, 2006, 11:40:09 AM
Subject: [EquisMetaStock Group] Re: ZigZag Using Pivot
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Adrian, try this basic code:

 

 


ZigZag - Using Pivot

{ Basic trough }
tr:=Ref(L,-1)<Ref(L,-2) AND Ref(L,-1)<L;

{ Trough 1 & 2 values }
trValue1:=ValueWhen(1,tr,Ref(L,-1));
trValue2:=ValueWhen(2,tr,Ref(L,-1));

{ Higher/Lower troughs }
trHi:=trValue1>trValue2;
trLo:=trValue1<trValue2;

{ Plot in own window }
trHi-trLo


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