The ZigZag SupDem Zones Indicator detects support and resistance (supply and demand) zones using peaks and troughs formed by the ZigZag.
Depending on the timeframe used, it is necessary to set the necessary percentage to form a new peak or trough, by default that is set to 3%, ideal for most instruments on a unit of daily time.
The detection will be done only on the last periods set by the variable “lookback”.
The detection is validated if the indicator finds at least “minPoints” troughs or peaks not more distant than at most “threshold” in percentage.
- percent = 3 (percentage change of ZigZag to get new peaks and troughs, new swings)
- lookback = 200 (the period to search for supports and resistances)
- threshold = 1 (percentage to validate another zigzag from the one previously found to validate a support or a resistance)
- minPoint = 2 (at least it takes 2 swings of the same type, located one another less than “threshold” percent to validate a support or resistance)
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//PRC_ZigZag SupDem | indicator //13.03.2019 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge defparam drawonlastbaronly=true defparam calculateonlastbars=1000 // --- settings percent = 3 //zigzag percent lookback = 100 //max history lookback threshold = 1 //price percent between 2 ZZ points minPoint = 2 //minimal points to confirm S/R showSupport = 1 //plot support zones or not? (0=false;1=true) showResistance = 1 //plot resistance zones or not? (0=false;1=true) // --- end of settings //zz s/r zz = ZigZag[percent](customclose) p = zz<zz[1] and zz[1]>zz[2] t = zz>zz[1] and zz[1]<zz[2] if p then top = zz[1] endif if t then bottom = zz[1] endif once minPoint = max(2,minPoint) for i = 1 to lookback do if showResistance then //new peak if p[i] then topdata = top[i] hhtop = topdata+(customclose[i]*(threshold/100)) lltop = topdata-(customclose[i]*(threshold/100)) resttest=0 for y = i to lookback do resttest = resttest + (top[y]<hhtop and top[y]>lltop) if resttest>=minPoint then //drawarrowdown(barindex[i],topdata) coloured(255,0,0) drawsegment(barindex[lookback],topdata,barindex[1],topdata) coloured(255,0,0) break endif next endif endif if showSupport then //new through if t[i] then data = bottom[i] hh = data+(customclose[i]*(threshold/100)) ll = data-(customclose[i]*(threshold/100)) suptest=0 for y = i to lookback do suptest = suptest + (bottom[y]<hh and bottom[y]>ll) if suptest>=minPoint then //drawarrowup(barindex[i],data) coloured(0,255,0) drawsegment(barindex[lookback],data,barindex[1],data) coloured(0,255,0) break endif next endif endif next hprice = highest[lookback](customclose) lprice = lowest[lookback](customclose) drawsegment(barindex[lookback],hprice,barindex,hprice) drawsegment(barindex[lookback],lprice,barindex,lprice) return |
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Hola Nicolas,tengo un problema cuando importo el .itf pone que esta instalado correctamente,pero cuando lo añado ,se añade debajo del precio en una ventana nueva,como si fuese un rsi o un macd…me salen las velas de frenada y compra, pero me salen por abajo no en el mismo precio…como podría arreglarlo ?
Felicidades por el trabajo realizado.
añadirlo al precio
Hola Nicolas,…. ¿Tienes disponible algún screener para ondas de wolfe? Haces un trabajo increíble!!!! Gracias!!!