Zig Zag Oscillator

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Eyal Okin
Last seen: 5 months 2 weeks ago
Joined: 06/03/2023 - 12:54
Trying to build a simple indicator (Ratio of the ongoing wave Vol. vs the avg Vol. of the past 10 waves)

Hi there,
I'm trying to build a custom indicator I can use on native rt investor zigzag. The idea is to calculate the ratio of the current wave volume to the average volume of other 10 waves, both up waves and down waves. So for instant if the wave shows 1.4 it means that this wave is 150 percent of the average of last 19 waves. I'm positive it is pretty simple for somebody who does coding, but I'm struggling with implementation. Any help?

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cpayne
Last seen: 3 years 2 months ago
Joined: 03/30/2009 - 00:00
Zig Zag Volume Value/Labels Explained

The Zig Zag, and Zig Zag Oscillator indicators, have various options to display the volume of each leg including those seen below...

In the upper pane, the Zig Zag indicator labels the legs with "Total Volume" of each leg.  In the lower pane, the Zig Zag Oscillator is showing the Up/Down Volume result.

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cpayne
Last seen: 3 years 2 months ago
Joined: 03/30/2009 - 00:00
Harmonic Rotation Study

This chart identifies market moves, plots the size of the up moves (or rotations) and the size of the down moves, and providies various statistics on these up and down moves (mean, median, and mode).  Filters are available for both day of week and time of day.

Harmonic Rotations

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chrisw
Last seen: 3 years 9 months ago
Joined: 06/10/2019 - 20:31
"Delta Since Last Pivot" for previous pivots

Hi,

I'm trying to compare ZZO's "Delta Since Last Pivot" for the current down pivot and the previous 3 down pivots. I'm sure it must be possible to access that, but I can't figure out how. Anyone able to help?

Thanks,

-Chris

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chrisw
Last seen: 3 years 9 months ago
Joined: 06/10/2019 - 20:31
Zig Zag Oscillator and Delta Since Last Pivot

Hi,

I'm using the Zig Zag Oscillator indicator to calculate the delta for legs of 25 ticks or more on the ES, and the Zig Zag indicator to "box" the leg on the price bars. Can an option be added to Zig Zag Oscillator to show only the final value of "Delta Since Last Pivot" across the entire pivot? It's kind of functional now, but because the histogram plots for each bar it can get visually confusing.

Of course, this is functionally equivalent to showing delta on a leg of the Zig Zag indicator, but I'm already using that for a smaller definition of a leg at 12 ticks.

Zig Zag Oscillator: Flex Statistics

This video highlights a powerful new result option added to Zig Zag Oscillator titled Flex Statistics. This result option is flexible and powerful enough to handle most of the pre-existing result options and much much more. Flex Statistics allows the user to specify a combination of statistic (Avg, Sum, Max, Min), data item (Rotation Size, Pivot Price, Total Volume, etc), number legs, and orientation of legs (all legs, up legs only, down legs only).

Using Zig Zag Oscillator in RTL

Using Zig Zag Oscillator in RTL

This video demonstrates how to manage the usage of the forward-looking Zig Zag Oscillator within a Custom Indicator or Signal Marker. The Zig Zag Oscillator is unique in that it is a forward looking indicator, and as such, past values can change based on future price movement. Due to this forward-looking nature, when the ZZO token is used within RTL, special consideration must be made to accommodate the addition of any Custom Indicators or Signals that contain ZZO when adding to a chart. This video describes how to setup such Custom Indicators or Signal.