Zig Zag UTC Swing error - futures io
futures io futures trading



Zig Zag UTC Swing error


Discussion in NinjaTrader

Updated by AlOv
      Top Posters
    1. looks_one dorschden with 3 posts (2 thanks)
    2. looks_two Mauro_60 with 2 posts (0 thanks)
    3. looks_3 sharky with 2 posts (0 thanks)
    4. looks_4 AlOv with 1 posts (0 thanks)
    1. trending_up 7,328 views
    2. thumb_up 2 thanks given
    3. group 8 followers
    1. forum 12 replies
    2. attach_file 8 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Thread Tools Search this Thread
 

Zig Zag UTC Swing error

  #1 (permalink)
Torino
 
Experience: Beginner
Platform: NinjaTrader
Broker: mirus
Trading: currency futures
 
Mauro_60's Avatar
 
Posts: 47 since Aug 2009
Thanks: 25 given, 36 received

Zig Zag UTC Swing error

Hello, excuse my bad English.
I downloaded the indicator ZigZagUTCSwing but I think some calculations in the wrong way swing.
I am attaching a chart

Best regards
Mauro

Attached Thumbnails
Click image for larger version

Name:	ZiGZagUTC_error.GIF
Views:	300
Size:	53.6 KB
ID:	1389  
Reply With Quote

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
  #2 (permalink)
Germany
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 110 since Jun 2009
Thanks: 54 given, 1,067 received

Hey Mauro_60,

it calculate the swings like it should and in most cases it identifies the same swings which you would also mark when you do it manually. Seldom this indicator identifies the swings not correctly, this is due to, that it try to find a new high/low, but the swing before is not finish. This problem is e.g. the result of a sequence of bars with long wicks (often by minute charts).

Set the "span parameter" to 2 or 4 and/or try a 50 range chart.

Attached Thumbnails
Click image for larger version

Name:	Mauro_60.png
Views:	287
Size:	76.7 KB
ID:	1390  
Reply With Quote
The following user says Thank You to dorschden for this post:
 
  #3 (permalink)
Torino
 
Experience: Beginner
Platform: NinjaTrader
Broker: mirus
Trading: currency futures
 
Mauro_60's Avatar
 
Posts: 47 since Aug 2009
Thanks: 25 given, 36 received



dorschden View Post
Hey Mauro_60,

it calculate the swings like it should and in most cases it identifies the same swings which you would also mark when you do it manually. Seldom this indicator identifies the swings not correctly, this is due to, that it try to find a new high/low, but the swing before is not finish. This problem is e.g. the result of a sequence of bars with long wicks (often by minute charts).

Set the "span parameter" to 2 or 4 and/or try a 50 range chart.

Look carefully at your graph, even in your there is an error, a lower low is not identified, it is to be corrected.
best regards


Reply With Quote
 
  #4 (permalink)
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,900 received

dorschden what is that indicator on the bottem of your chart?

Visit my futures io Trade Journal Reply With Quote
 
  #5 (permalink)
KANATA,ON Canada
 
Experience: Beginner
Platform: Ninja
Broker: Mirus,Zen-Fire
Trading: Currencies
 
sukhsan's Avatar
 
Posts: 106 since Jun 2009
Thanks: 93 given, 70 received


Mauro_60 View Post
Hello, excuse my bad English.
I downloaded the indicator ZigZagUTCSwing but I think some calculations in the wrong way swing.
I am attaching a chart

Best regards
Mauro

Try to use this indicator (Swing Temp)



SSS

Reply With Quote
 
  #6 (permalink)
Germany
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 110 since Jun 2009
Thanks: 54 given, 1,067 received


Mauro_60 View Post
Look carefully at your graph, even in your there is an error, a lower low is not identified, it is to be corrected.
best regards


Yes, I know, but that's the way this indicator is calculated. But this fail identifications or not often. I had a quick look at the FDAX 50 range chart until 01.06.09 and I don't see any other errors.

Otherwise you can use Swing Temp (see sukhsan post) and Ninjapriceaction for the HH/LL.




sharky View Post
dorschden what is that indicator on the bottem of your chart?

This is the normal RSI. I only put some visual adds on this.

I only use it by the 3 or 5 minute chart at the beginning of the session. Or as a divergence trade for a gap close.

Attached Thumbnails
Click image for larger version

Name:	RSI.png
Views:	234
Size:	73.3 KB
ID:	1392  
Attached Files
Register to download File Type: zip RSI_MC.zip (5.9 KB, 80 views)
Reply With Quote
The following user says Thank You to dorschden for this post:
 
  #7 (permalink)
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,900 received

thanks i made a indicator thats looks somwhat like that but i cant get it to work like i want so i threw it in the bin,was trying to make a end of cycle indicator but no luck cant figure out how the eot guys made that one lol...sharky

Visit my futures io Trade Journal Reply With Quote
 
  #8 (permalink)
Washington, DC
 
Experience: Intermediate
Platform: Investor/RT, S5 Trader
Broker: Stage 5 Trading / IQFeed
Trading: ES
 
Eternum's Avatar
 
Posts: 22 since Jun 2009
Thanks: 6 given, 17 received

dorschden,

I made some subtle changes to your indicator allowing "Text Offset" and "Line Width" to be stored in XML chart template (removed serialization restriction). Could you please tell me what changes I need to make so ZigZag dots have price markers? For now nothing appears on price axis regardless of "Price marker(s)" property setting (True or False).

Thanks!


Reply With Quote
 
  #9 (permalink)
Prague
 
 
Posts: 23 since Aug 2009
Thanks: 0 given, 3 received

With ZZ UTC if you don't have it set to calculate on bar close it will give a swing and then the price move the other way for ages and it will stay saying go the wrong way. If you refresh chart it previous swing might go away. Not calculate on bar close is not reliable things change to quick.

Reply With Quote
 
  #10 (permalink)
Germany
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 110 since Jun 2009
Thanks: 54 given, 1,067 received



Eternum View Post
Could you please tell me what changes I need to make so ZigZag dots have price markers? For now nothing appears on price axis regardless of "Price marker(s)" property setting (True or False).

I never realize that the markers not work because I never used them for the swings. But I think the markers are only visible, when the plot is set (ZigZagDot.Set) and the plot is not set at each bar, only when a new swing is occured, so you don't have a marker. You can add a new plot and set it to lastHi/lastLo and then you should have the price markers but then you always have a line/dots in the chart.


gregor32 View Post
With ZZ UTC if you don't have it set to calculate on bar close it will give a swing and then the price move the other way for ages and it will stay saying go the wrong way. If you refresh chart it previous swing might go away. Not calculate on bar close is not reliable things change to quick.

I'm not sure, whether I understand your problem, my English is not so good.



You mean this situation? There is a new swing (lower high) and the price goes down but the indicator is still in an uptrend. That's normal. The reason is the "Span" parameter. A new swing is set when the span-value of bars are over. When you set span to 2 for example, then the indicator is in a downtrend.



Anyway, the indicator logic is not from me. I only add things for my trading to this indicator.

Reply With Quote



futures io Trading Community Platforms and Indicators NinjaTrader > Zig Zag UTC Swing error




Upcoming Webinars and Events
 

Understanding Order Flow Stop Runs & Icebergs w/Bookmap

May 28
 

Free BloodHound Licenses to everyone!

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts