I would like to count the quantity of zigzag moves of an index/security of a chart
ex: zigzag moves of 5% of the SPX index
I have tried a few things but what I get is kind strange, is it possible? The last attempt was this one but it gives an error message (the following variable is undefined: count )
thank you
a= ZigZagPoint[10](close)
b=count[a]
c=cumsum (b)
return c
Firstly, COUNT is not defined anywhere thus can’t be used.
Secondly, ZIGZAG returns a value each bar, it doesn’t count swing points, so counting it will return a huge number.
Thirdly, you can count swing points with this code, but it’s useless as it’s a repainting, so it may change any swing point several bars after they have already been counted as you will easily spot on a 1-second TF (see my attached pic):
I think the calculation of the ZigZag is incorrect, for example if I set a 5% change (from bottom to top or vice versa) then the number of change (points) is incorrect…??
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