Mis à jour
Recursive Zigzag
More exclusive indicators from Trendoscope
Subscribe to Trendoscope® Pattern Suite for $69.99/month to get exclusive indicators by this author. You pay right on TradingView and can use them on your charts straight away.
Explore Trendoscope® Pattern SuiteDO NOT USE THIS FOR TRADING. I am just showing off my new found recipe for pattern recognition ;)
This script generates recursive zigzags till there are only 2 pivots. So, the logic goes like this.
Level1 - Standard zigzag calculated from user input of length and max pivots using OHLC values
Level2 - Multi level zigzag calculated on the basis of level1 pivots.
Level3 - Multi level zigzag calculated on the basis of level2 pivots
..
..
..
Level(n) - Multi level zigzag calculated on the basis of level(n-1) pivots and number of derived pivots is 3 or less.
Ability to generate multi level zigzags were explored earlier in many scripts. But, they were just single level up from base and not fully recursive as this. This can be powerful piece of code for pattern recognition algorithms - will be exploring how useful these are going forward.
This script generates recursive zigzags till there are only 2 pivots. So, the logic goes like this.
Level1 - Standard zigzag calculated from user input of length and max pivots using OHLC values
Level2 - Multi level zigzag calculated on the basis of level1 pivots.
Level3 - Multi level zigzag calculated on the basis of level2 pivots
..
..
..
Level(n) - Multi level zigzag calculated on the basis of level(n-1) pivots and number of derived pivots is 3 or less.
Ability to generate multi level zigzags were explored earlier in many scripts. But, they were just single level up from base and not fully recursive as this. This can be powerful piece of code for pattern recognition algorithms - will be exploring how useful these are going forward.
Notes de version
Made few corrections. Plus added option for better visualisation.Notes de version
Update librariesNotes de version
Updated zigzag library versionNotes de version
Update to latest rZigzag libraryNotes de version
Updated library version.Added option to use only confirmed bars.
Notes de version
Hopefully last update for today :)
Trial - trendoscope.com/trial
Subscribe - trendoscope.com/pricing
Blog - docs.trendoscope.com
Subscribe - trendoscope.com/pricing
Blog - docs.trendoscope.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Trial - trendoscope.com/trial
Subscribe - trendoscope.com/pricing
Blog - docs.trendoscope.com
Subscribe - trendoscope.com/pricing
Blog - docs.trendoscope.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.