Library "rzigzag" Recursive Zigzag Using Matrix allows to create zigzags recursively on multiple levels. After bit of consideration, decided to make this public.
zigzag(length, ohlc, numberOfPivots, offset) calculates plain zigzag based on input Parameters: length: Zigzag Length ohlc: Array containing ohlc values. Can also contain custom series numberOfPivots: Number of max pivots to be returned offset: Offset from current bar. Can be used for calculations based on confirmed bars Returns: [matrix<float> zigzagmatrix, bool newPivot, bool doublePivot]
nextlevel(zigzagmatrix, numberOfPivots) calculates next level zigzag based on present zigzag coordinates Parameters: zigzagmatrix: Matrix containing zigzag pivots, bars, bar time, direction and level numberOfPivots: Number of max pivots to be returned Returns: matrix<float> zigzagmatrix
draw(zigzagmatrix, newPivot, doublePivot, lineColor, lineWidth, lineStyle, showLabel, xloc) draws zigzag based on the zigzagmatrix input Parameters: zigzagmatrix: Matrix containing zigzag pivots, bars, bar time, direction and level newPivot: Flag indicating there is update in the pivots doublePivot: Flag containing there is double pivot update on same bar lineColor: Zigzag line color lineWidth: Zigzag line width lineStyle: Zigzag line style showLabel: Flag to indicate display pivot labels xloc: xloc preference for drawing lines/labels Returns: [array<line> zigzaglines, array<label> zigzaglabels]
draw(length, ohlc, numberOfPivots, offset, lineColor, lineWidth, lineStyle, showLabel, xloc) calculates and draws zigzag based on zigzag length and source input Parameters: length: Zigzag Length ohlc: Array containing ohlc values. Can also contain custom series numberOfPivots: Number of max pivots to be returned offset: Offset from current bar. Can be used for calculations based on confirmed bars lineColor: Zigzag line color lineWidth: Zigzag line width lineStyle: Zigzag line style showLabel: Flag to indicate display pivot labels xloc: xloc preference for drawing lines/labels Returns: [matrix<float> zigzagmatrix, array<line> zigzaglines, array<label> zigzaglabels, bool newPivot, bool doublePivot]
drawfresh(zigzagmatrix, zigzaglines, zigzaglabels, lineColor, lineWidth, lineStyle, showLabel, xloc) draws fresh zigzag for all pivots in the input matrix. Parameters: zigzagmatrix: Matrix containing zigzag pivots, bars, bar time, direction and level zigzaglines: array to which all newly created lines will be added zigzaglabels: array to which all newly created lables will be added lineColor: Zigzag line color lineWidth: Zigzag line width lineStyle: Zigzag line style showLabel: Flag to indicate display pivot labels xloc: xloc preference for drawing lines/labels Returns: [array<line> zigzaglines, array<label> zigzaglabels]
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v2
Just updating library reference.
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v6
Added: iZigzag(length, h, l, numberOfPivots) calculates plain zigzag based on input array Parameters: length: Zigzag Length h: array containing high values of a series l: array containing low values of a series numberOfPivots: Number of max pivots to be returned Returns: matrix<float> zigzagmatrix
Very helpful! Great documentation! Awesome work (:
Trendoscope
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@KioseffTrading, thanks mate. Just now thinking that you will be the first one to respond :D
SiddWolf
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Thank you so much mate. You are a true pine wizard. Will be exploring this in next couple of days. Thank you for making this open source 😊
CryptoArch_
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Are you working on holiday? Nice one mate.
Trendoscope
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@CryptoArch_, ha..ha.. thanks :) Does not sound like work if you enjoy what you are doing. Just looking here and there while spending time with parents.