The Indicator ZeroLag MACD is an indicator Moving Average Convergence/Divergence, MACD with zero delay. The Indicator ZeroLag MACD in contrast with standard MACD gives the signals on several bars earlier, but divergences/convergence denominated more obviously.
This is a custom zig-zag indicator I have modified ( original version was from here but cannot find reference).
The zig zag lines are transparent by default as well and the value numbers removed so that background objects do not hose charting. The only thing I use for PATS is the semaphore dots this creates to check and create new trend lines. In addition whenever a semaphore is painted this has an option to add an audio alert. This feature has been invaluable to my trading. If you follow Mack and PATS this simple indicator might provide value to you.
The ZigAndZag indicator is a trend line drawing custom indicator which will draw trend lines on your chart for you. There are printed arrows too, please don't take these for entry signals, they are repainting based on the price action.
I like to see where a ProAm level is broken at speed. For this I use my ZiggetyZag indicator. It checks for a rotation around PoAm bars with Velocity and a break. Cyan bar and arrow.
This installs smaProAm and VelocityBarsV2 (by Okina).
December 7th, 2018
Size: 28.41 KB
Downloaded: 785 times
2023
Stevea94
ZigZagOnParabolic MetaTrader indicator — based on two standard MT4/MT5 indicators — ZigZag and Parabolic SAR, it tries to show an improved version of the first one by marking the extrema of the chart with a smaller delay. Standard ZigZag looks for new extremum by searching the percentage deviation of the price from the previous extremum. This new ZigZag does so by looking at the Parabolic SAR indicator. Both ZigZag and the Parabolic SAR are drawn atop of the chart.
Input parameters:
Step (default = 0.02) — one of the parameters of the standard Parabolic SAR indicator.
Maximum (default = 0.2) — another parameter of the standard Parabolic SAR indicator.
ExtremumsShift (default = true) — if true then the extrema are shown at their actual places; if false then the extrema are shown at the points in time when they were detected. Useful to see the delay between the actual extremum appearance and its detection point.
History (default = 0) — amount of bars to use for calculation of the indicator. Change only if your PC is really slow. 0 — all bars are used in the calculation.
ZigZagOnParabolic MetaTrader indicator — based on two standard MT4/MT5 indicators — ZigZag and Parabolic SAR, it tries to show an improved version of the first one by marking the extrema of the chart with a smaller delay. Standard ZigZag looks for new extremum by searching the percentage deviation of the price from the previous extremum. This new ZigZag does so by looking at the Parabolic SAR indicator. Both ZigZag and the Parabolic SAR are drawn atop of the chart. Input parameters:
Step (default = 0.02) — one of the parameters of the standard Parabolic SAR indicator.
Maximum (default = 0.2) — another parameter of the standard Parabolic SAR indicator.
ExtremumsShift (default = true) — if true then the extrema are shown at their actual places; if false then the extrema are shown at the points in time when they were detected. Useful to see the delay between the actual extremum appearance and its detection point.
History (default = 0) — amount of bars to use for calculation of the indicator. Change only if your PC is really slow. 0 — all bars are used in the calculation.
This spreadsheet study produces an oscillator of the relationship of price to the previous zigzag swing high/low.
Unzip the attached and put the contents in your Sierra Chart \Data folder, then click on Analysis >> ZigZag Price Osc-
The formulas use the Last price as the reference. If you want it based on something else, edit the formulas in cells K3 and L3, replacing E4 with your preferred row 4 reference or formula.
January 14th, 2014
Size: 176.19 KB
Downloaded: 931 times
1381
tomgilb
MRA - ZigZag Volume indicator
Version 1.00 (08/09/2013) Initial release.
Version 1.10 (10/25/2013) Bug negative time duration when a swing spans multiple days fixed.
Version 1.11 (11/02/2013) Correction on bug fix version 1.10.
Version 1.20 (09/08/2015) Added option to show average swing volume text in stead of cumulative swing volume text.
This indicator is inspired on the Weis Wave with its cumulative wave volume. It plots a cumulative ZigZag volume histogram, a ZigZag line and the cumulative volume, price change and/or duration of the up/down swing at the swing high/low.
The ZigZag line can be based on point, percentage, ATR or UTC retracements.
The UTC retracement method is based on John R. Hill, George Pruitt, and Lundy Hill's description in their book The Ultimate Trading Guide, page 39: "A top pivot point is the highest price in a movement prior to penetration of the low of the top bar. A bottom pivot point is the lowest price in a movement prior to penetration of the high of the low bar." The UTC version is an improved version in which the highs and lows are calculated over a period. Longer periods make the ZigZag UTC less sensitive. The default period for the UTC is 2 bars.
Inputs:
HiPrice( close ): price field for high swings
LoPrice( close ): price field for low swings
RetraceMethod( 1 ): 1=Pnt, 2=%, 3=ATR, 4=UTC
Period( 2 ): number of bars over which ATR or UTC is calculated
Retrace( 0 ): retracement in Pnt, % or ATR multiple
PlotVolume( true ): plots cumulative volume histogram
PlotSwings( true ): plots ZigZag lines
PlotVolumeText( true ): plots cumulative volume of up/down swing at swing high/low
AvgVolume( false ): shows average swing volume text in stead of cumulative swing volume text
ScaleVolumeBy( 1 ): divides cumulative volume text by the number of this input
PlotPriceText( false ): plots price change of up/down swing at swing high/low
PlotTimeText( false ): plots duration of up/down swing at swing high/low
LineWidth( 0 ): line width of ZigZag lines: 0,1,2,3,4,5,6
LineStyle( tool_solid): line style of ZigZag lines: tool_solid, tool_dotted, tool_dashed, tool_dashed2, tool_dashed3
UpColor( red ): line color of upswings: PowerLanguage colors
DnColor( red ): line color of downswings: PowerLanguage colors
TextColor( black ): text color: PowerLanguage colors
October 31st, 2018 10:54 PM mhamrin This is one of the finest indicators that I have found here...tinkered with it for a while...very robust. I'll be using
to make more money...
September 4th, 2016 07:52 AM ShaunG Much appreciated! I am a fellow student of Macks so I am quiet exited to see how this will enhance my trading from a vis
ual point of view. Many thanks again!
December 7th, 2013 05:45 PM awvcs
November 27th, 2013 03:59 AM aleks25
October 24th, 2013 03:08 AM Richie Z just coming into bare back riding, thanks for this wee indicator.
February 23rd, 2023 10:36 AM kris123 great indicator..many thanks.can you please add an option to set the text font size and font color.An extra option to di
splay the price value at pivot high and low will also be great.
February 16th, 2023 07:55 AM PainlessTrader This is awesome.
Is it possible to make an ELD version, for use with TradeStation?
January 2nd, 2022 04:48 PM saktek
October 26th, 2017 03:29 AM jiaqiangmit Thanks,great work! In order to download this indicator, I joined the Elite membership.
November 20th, 2016 07:30 PM msemryck wish this would work on .net platform