Zigzag Fibonacci Indicator transcript from Tradingview needed

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    Posts
  • 06/25/2024 at 11:18 AM #234331 quote
    jowalz
    Participant
    New

    Hi everybody,

    I am familiar with coding (python, pinescript) and would like to start with prorealcode too.
    Nevertheless I struggle a bit with the specifics of prorealcode:-(

    So to kickstart, please could someone transcript the tradingview indicator to prorealcode?
    It shows very good the expected direction (see attached picture, green is the target direction) based on the fibonacci levels which are calculated with a different timeframe of 8 or 10 minutes on a 1 minute chart.

    Thanks in advance:-)

    …. pinescript code is as follows …

    // This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
    //@version=2
    study(“Z01 Indi”)
    //calc_on_every_tick=false
    useAltTF = input(true, title=’Use Alt Timeframe’)
    tf = input(‘8′, title=’Alt Timeframe’)
    zigzag() =>
    _isUp=close>=open
    _isDown=close<=open
    _direction=_isUp[1]and_isDown?-1:_isDown[1]and_isUp?1:nz(_direction[1])
    _zigzag=_isUp[1]and_isDownand_direction[1]!=-1?highest(2):_isDown[1]and_isUpand_direction[1]!=1?lowest(2):na
    _ticker = tickerid
    sz = useAltTF ? (change(time(tf)) != 0 ? security(_ticker, tf, zigzag()) : na) : zigzag()
    plot(sz, title=’zigzag’, color=lime, linewidth=2)
    x=valuewhen(sz,sz,4)
    a=valuewhen(sz,sz,3)
    b=valuewhen(sz,sz,2)
    c=valuewhen(sz,sz,1)
    d = valuewhen(sz, sz, 0)
    //————————————————————————————————————————————————————-
    fib_range = abs(d-c)
    fib_0000 = d > c ? d-(fib_range*0.000):d+(fib_range*0.000)
    fib_0236 = d > c ? d-(fib_range*0.236):d+(fib_range*0.236)
    fib_0382 = d > c ? d-(fib_range*0.382):d+(fib_range*0.382)
    fib_0500 = d > c ? d-(fib_range*0.500):d+(fib_range*0.500)
    fib_0618 = d > c ? d-(fib_range*0.618):d+(fib_range*0.618)
    fib_0764 = d > c ? d-(fib_range*0.764):d+(fib_range*0.764)
    fib_1000 = d > c ? d-(fib_range*1.000):d+(fib_range*1.000)
    plot(title=’Fib 0.000′, series=fib_0000, color=fib_0000 != fib_0000[1] ? na : black)
    plot(title=’Fib 0.236′, series=fib_0236, color=fib_0236 != fib_0236[1] ? na : red)
    plot(title=’Fib 0.382′, series=fib_0382, color=fib_0382 != fib_0382[1] ? na : olive)
    plot(title=’Fib 0.500′, series=fib_0500, color=fib_0500 != fib_0500[1] ? na : lime)
    plot(title=’Fib 0.618′, series=fib_0618, color=fib_0618 != fib_0618[1] ? na : teal)
    plot(title=’Fib 0.764′, series=fib_0764, color=fib_0764 != fib_0764[1] ? na : blue)
    plot(title=’Fib 1.000′, series=fib_1000, color=fib_1000 != fib_1000[1] ? na : black)
    06/26/2024 at 12:06 PM #234366 quote
    Iván González
    Moderator
    Master

    Hi! Here you have a code similar to that one you are sharing.

    prd=15
showpastFib=1
showDN=1
ShowUP=1

atr=averagetruerange[14](close)

if high=highest[prd](high) then
ph=high
phx=barindex
else
ph=0
endif

if low=lowest[prd](low) then
pl=low
plx=barindex
else
pl=0
endif

if ph and pl=0 then
dir=1
elsif pl and ph=0 then
dir=-1
else
dir=dir
endif

dirchanged=dir<>dir[1]

if ph or pl then
if dirchanged then
if dir=1 then
$zigzag[t+1]=highest[prd](high)
$zigzagidx[t+1]=barindex
$dir[t+1]=1
t=t+1
else
$zigzag[t+1]=lowest[prd](low)
$zigzagidx[t+1]=barindex
$dir[t+1]=-1
t=t+1
endif
else
if dir=1 and highest[prd](high)> $zigzag[t] then
$zigzag[t]=highest[prd](high)
$zigzagidx[t]=barindex
elsif dir=-1 and lowest[prd](low)< $zigzag[t] then
$zigzag[t]=lowest[prd](low)
$zigzagidx[t]=barindex
endif
endif
endif

if islastbarupdate then

drawsegment($zigzagidx[max(0,t-1)],$zigzag[max(0,t-1)],$zigzagidx[t],$zigzag[t])

if $dir[t]=1 then

fib0=$zigzag[max(0,t-1)]
fib100=$zigzag[t]
diff=fib100-fib0
fib0236=fib100-diff*0.236
fib0382=fib100-diff*0.382
fib0500=fib100-diff*0.500
fib0618=fib100-diff*0.618
fib0786=fib100-diff*0.786
drawsegment($zigzagidx[max(0,t-1)],fib0,barindex+10,fib0)style(line,2)coloured("grey")
drawtext("Fib 0%",$zigzagidx[t],fib0+0.05*atr)
drawsegment($zigzagidx[max(0,t-1)],fib0236,barindex+10,fib0236)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[max(0,t-1)],fib0382,barindex+10,fib0382)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[max(0,t-1)],fib0500,barindex+10,fib0500)style(dottedline,2)coloured("blue")
drawtext("Fib 50%",$zigzagidx[t],fib0500+0.05*atr)
drawsegment($zigzagidx[max(0,t-1)],fib0618,barindex+10,fib0618)style(dottedline,2)coloured("red")
drawsegment($zigzagidx[max(0,t-1)],fib0786,barindex+10,fib0786)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[max(0,t-1)],fib100,barindex+10,fib100)style(line,2)coloured("grey")
drawtext("Fib 100%",$zigzagidx[t],fib100+0.05*atr)

elsif $dir[t]=-1 then

fib0=$zigzag[t]
fib100=$zigzag[max(0,t-1)]
diff=fib100-fib0
fib0236=fib0+diff*0.236
fib0382=fib0+diff*0.382
fib0500=fib0+diff*0.500
fib0618=fib0+diff*0.618
fib0786=fib0+diff*0.786
drawsegment($zigzagidx[max(0,t-1)],fib0,barindex+10,fib0)style(line,2)coloured("grey")
drawtext("Fib 0%",$zigzagidx[t],fib0+0.05*atr)
drawsegment($zigzagidx[max(0,t-1)],fib0236,barindex+10,fib0236)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[max(0,t-1)],fib0382,barindex+10,fib0382)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[max(0,t-1)],fib0500,barindex+10,fib0500)style(dottedline,2)coloured("blue")
drawtext("Fib 50%",$zigzagidx[max(0,t-1)],fib0500+0.05*atr)
drawsegment($zigzagidx[max(0,t-1)],fib0618,barindex+10,fib0618)style(dottedline,2)coloured("red")
drawsegment($zigzagidx[max(0,t-1)],fib0786,barindex+10,fib0786)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[max(0,t-1)],fib100,barindex+10,fib100)style(line,2)coloured("grey")
drawtext("Fib 100%",$zigzagidx[t],fib100+0.05*atr)
endif

if showpastFib then
for i=t-1 downto 1 do
drawsegment($zigzagidx[max(0,i-1)],$zigzag[max(0,i-1)],$zigzagidx[i],$zigzag[i])

if $dir[i]=1  and showDN then

fib0=$zigzag[i-1]
fib100=$zigzag[i]
diff=fib100-fib0
fib0236=fib100-diff*0.236
fib0382=fib100-diff*0.382
fib0500=fib100-diff*0.500
fib0618=fib100-diff*0.618
fib0786=fib100-diff*0.786
drawsegment($zigzagidx[i-1],fib0,$zigzagidx[i+1],fib0)style(line,2)coloured("grey")
drawtext("Fib 0%",$zigzagidx[i],fib0+0.05*atr)
drawsegment($zigzagidx[i-1],fib0236,$zigzagidx[i+1],fib0236)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[i-1],fib0382,$zigzagidx[i+1],fib0382)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[i-1],fib0500,$zigzagidx[i+1],fib0500)style(dottedline,2)coloured("blue")
drawtext("Fib 50%",$zigzagidx[i],fib0500+0.05*atr)
drawsegment($zigzagidx[i-1],fib0618,$zigzagidx[i+1],fib0618)style(dottedline,2)coloured("red")
drawsegment($zigzagidx[i-1],fib0786,$zigzagidx[i+1],fib0786)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[i-1],fib100,$zigzagidx[i+1],fib100)style(line,2)coloured("grey")
drawtext("Fib 100%",$zigzagidx[i],fib100+0.05*atr)

elsif $dir[i]=-1 and ShowUP then

fib0=$zigzag[i]
fib100=$zigzag[i-1]
diff=fib100-fib0
fib0236=fib0+diff*0.236
fib0382=fib0+diff*0.382
fib0500=fib0+diff*0.500
fib0618=fib0+diff*0.618
fib0786=fib0+diff*0.786
drawsegment($zigzagidx[i-1],fib0,$zigzagidx[i+1],fib0)style(line,2)coloured("grey")
drawtext("Fib 0%",$zigzagidx[i],fib0+0.05*atr)
drawsegment($zigzagidx[i-1],fib0236,$zigzagidx[i+1],fib0236)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[i-1],fib0382,$zigzagidx[i+1],fib0382)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[i-1],fib0500,$zigzagidx[i+1],fib0500)style(dottedline,2)coloured("blue")
drawtext("Fib 50%",$zigzagidx[i-1],fib0500+0.05*atr)
drawsegment($zigzagidx[i-1],fib0618,$zigzagidx[i+1],fib0618)style(dottedline,2)coloured("red")
drawsegment($zigzagidx[i-1],fib0786,$zigzagidx[i+1],fib0786)style(dottedline,1)coloured("grey")
drawsegment($zigzagidx[i-1],fib100,$zigzagidx[i+1],fib100)style(line,2)coloured("grey")
drawtext("Fib 100%",$zigzagidx[i],fib100+0.05*atr)

endif

next
endif
endif
return
    06/27/2024 at 2:34 PM #234429 quote
    jowalz
    Participant
    New

    thank’s Ivan … that helps much.

    I can work further on and adapt my specifics wishes or what I do have in trading view already setup.
    As you can see in the attached picture zigzag and fibonacci is a good combination to identify support and resistance levels and trading targets accordingly.

    After my summer holiday I will post my final result here and share with the community.

    Cheers Jo

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Zigzag Fibonacci Indicator transcript from Tradingview needed


ProBuilder support

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Author
author-avatar
jowalz @jowalz Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by jowalz
1 year, 7 months ago.

Topic Details
Forum: ProBuilder support
Language: English
Started: 06/25/2024
Status: Active
Attachments: 2 files
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