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ZigZag (Using Line Array)

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Explore Trendoscope® Pattern SuiteThis is standard zigzag indicator. I just coded them using lines array feature of pine - so that it can be done in least number of lines of code.
Few possible improvements:
Few possible improvements:
- Use label array to mark HH, HL, LH and LL
- Add standard deviation check
Notes de version
Added updates mentioned in the description.Notes de version
Corrected HL and LH labelsNotes de version
Added ratios display.Notes de version
- Previously, using pivotHigh and pivotLow on every bar for last 10 periods caused some inconsistencies in plotting zigzag. Hence, switched to points based calculation. However, zigzags are still created via lines array
- Fixed empty label issue
Notes de version
Solved array index out of bounds issueNotes de version
Adding option to apply zigzag on different source such as RSI. This enables plotting zigzag and ratios on RSI - which can be used for finding divergence.Notes de version
- Corrected minor logical error.
- Removed DeviationThreshold as it was leading to wrong calculation
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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.