ZigZagCore

ZigZagCore

ZigZagCore is a generic ZigZag engine that works with any user-defined threshold (ATR-based, volatility-based, fixed ticks, etc.).

API

Pine Script®

zz_update(state, thr)
Parameters:
state (ZzState)
thr (float)

ZzState
Fields:
dir (series int)
highSinceLow (series float)
lowSinceHigh (series float)
lastHighLevel (series float)
lastLowLevel (series float)
lastHighIndex (series int)
lastLowIndex (series int)
highSinceLowIndex (series int)
lowSinceHighIndex (series int)
isNewHigh (series bool)
isNewLow (series bool)

Directional State
dir = 1 → market is in an upswing
dir = -1 → market is in a downswing
dir = na → initial undecided state

Live Swing Tracking (Unconfirmed Leg)
Continuously updated swing extremes:
highSinceLow — highest price since the last confirmed low
lowSinceHigh — lowest price since the last confirmed high
Their corresponding bar indices

These fields describe the current active swing leg, which updates every bar until a pivot is confirmed.

Pivot Detection
A pivot confirms only when price moves beyond the prior swing extreme by more than threshold. When this occurs, the library sets:
isNewHigh = true (on the detection bar only) and updates lastHighLevel, lastHighIndex
isNewLow = true and updates lastLowLevel, lastLowIndex

Notas de prensa

v2
Added highBroken and lowBroken fields in ZzState

Updated:
ZzState
Fields:
dir (series int)
highSinceLow (series float)
lowSinceHigh (series float)
lastHighLevel (series float)
lastLowLevel (series float)
lastHighIndex (series int)
lastLowIndex (series int)
highSinceLowIndex (series int)
lowSinceHighIndex (series int)
isNewHigh (series bool)
isNewLow (series bool)
highBroken (series bool)
lowBroken (series bool)

Notas de prensa

v3 added 2 new features:
-Stale bars: a direction switch will happen if a high/low has been standing and stale for N bars
-High/low break: a direction switch will be forced if a high/low is broken, despite the volatility threshold not being met

Both these changes are designed to improve stability in the face of rising and falling volatility measurements, while maintaining the direction switching rule (high must follow low, must follow high, etc.)

Updated:
zz_update(state, thr, staleBars)
Parameters:
state (ZzState)
thr (float)
staleBars (int)

Notas de prensa

v4

Bugfix for stale bars logic to ensure correct pivot bar detection.

Notas de prensa

v5 Bugfix for live leg.

Notas de prensa

v6
Refactor for handling stale bars and break logic together.

Updated:
zz_update(state, thr, staleBars, switchOnPriorLevelBreak)
Parameters:
state (ZzState)
thr (float)
staleBars (int)
switchOnPriorLevelBreak (bool)

ZzState
Fields:
dir (series int)
lastHighLevel (series float)
lastLowLevel (series float)
lastHighIndex (series int)
lastLowIndex (series int)
candidateHigh (series float)
candidateLow (series float)
candidateHighIndex (series int)
candidateLowIndex (series int)
pullbackLow (series float)
reboundHigh (series float)
pullbackLowIndex (series int)
reboundHighIndex (series int)
highSinceLow (series float)
lowSinceHigh (series float)
highSinceLowIndex (series int)
lowSinceHighIndex (series int)
isNewHigh (series bool)
isNewLow (series bool)
highBroken (series bool)
lowBroken (series bool)

Biblioteca Pine

Fiel al espíritu de TradingView, el autor ha publicado este código de Pine como biblioteca de código abierto, para que otros programadores de nuestra comunidad puedan reutilizarlo. ¡Enhorabuena al autor! Puede usar esta biblioteca de forma privada o en otras publicaciones de código abierto, pero su reutilización en publicaciones está sujeta a nuestras Normas internas.

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Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.

Biblioteca Pine

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