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zigzag support resistance

Real Pro · 2018-03-14T06:07:32+00:00

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.

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ProBuilder: Indicators & Custom Tools
zigzag support resistance

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

Real Pro
Participant

Average

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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Real Pro @real-pro Participant

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This topic contains 1 reply,
has 1 voice, and was last updated by Real Pro
8 years, 6 months ago.

Topic Details

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

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zigzag support resistance

Stuck on this ProBuilder code?

zigzag support resistance ProBuilder: Indicators & Custom Tools

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zigzag support resistance

ProBuilder: Indicators & Custom Tools