zigzag support resistance

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  • 03/14/2018 at 7:07 AM #65275 quote
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    Hello,

    I have searched the forums but cannot find what I need.  Please tell me if it exists somewhere already.

    I want horizontal support/resistance lines plotted from the zig/zag turning points.  I’d like them plotted up to the point that they are crossed by the closing price.

    I’d be much obliged if someone could help.  Cheers.

    03/14/2018 at 7:14 AM #65276 quote
    Real Pro
    Participant
    Average

    I have the following, but you can see the line needs to continue until close>line, and it doesn’t do that.

    I’m sure it just needs a little tweak but I can’t figure out what it is.

     

    percentVariation = (i)

ww = ZigZag[percentVariation](close)

peak = ww<ww[1] and ww[1]>ww[2]
trough = ww>ww[1] and ww[1]<ww[2]

IF trough THEN
support=low
ENDIF

IF peak THEN
resistance=high
ENDIF

support=min(low,support)
resistance=max(high,resistance)

RETURN support as "support", resistance as "resistance"
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zigzag support resistance


ProBuilder: Indicators & Custom Tools

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This topic contains 1 reply,
has 1 voice, and was last updated by Real Pro
7 years, 11 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 03/14/2018
Status: Active
Attachments: No files
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