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ZigZag swing as histogram
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ZigZag swing as histogram

  #11 (permalink)
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Big Mike View Post
Look at the price panel, where the zigzag is plotting. Above the zigzag is the +/- difference between swings. That value matches the panel 2 histogram.

The histogram panel is plotting bar-by-bar the difference between swing levels.

I confess that I really never quite understood the zigzag way of reading swings/rotations.
I cannot have a swing high without having a swing low first.

The red rectangles for me show perfect rotations, you have a low followed by a high and so forth but what are those highs on the black rectangle? I have no down rotation to have those 2 highs marked there.
For me it makes no sense but that's me.

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The histogram is indeed reading the rotations but I can't understand the bar by bar reading.
I would understand if it read the smaller rotations inside the larger one giving you a reading how price moved inside of it but like that... it's odd.
Actually, analyzing it in detail, it's easy to see how it acts differently on the same situations.
You have 3 down rotations with text labels where on 2 of them the histogram shows a retracement but the third one don't.

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  #12 (permalink)
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arnie View Post
I confess that I really never quite understood the zigzag way of reading swings/rotations.
I cannot have a swing high without having a swing low first.

The red rectangles for me show perfect rotations, you have a low followed by a high and so forth but what are those highs on the black rectangle? I have no down rotation to have those 2 highs marked there.
For me it makes no sense but that's me.

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The histogram is indeed reading the rotations but I can't understand the bar by bar reading.
I would understand if it read the smaller rotations inside the larger one giving you a reading how price moved inside of it but like that... it's odd.
Actually, analyzing it in detail, it's easy to see how it acts differently on the same situations.
You have 3 down rotations with text labels where on 2 of them the histogram shows a retracement but the third one don't.

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I haven't studied it closely because I am exhausted today. But I noticed what you are saying earlier and I simply thought that it was not deleting the mid-zigzag notice, in other words if on bar 1 it thinks there is a HH and prints it, but then bar 2 is higher, bar 3 is higher, and ultimately bar 3 is the real swing high, then it is leaving the bar 1 'notice'.

I could be completely wrong, and it could be clarified by either FT or by @LS Chad.

Mike

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  #13 (permalink)
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Hmm, when I clear indicators before applying the template it worked. Now to figure out why.

Thanks again Tom.

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  #14 (permalink)
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Big Mike View Post
Hmm, when I clear indicators before applying the template it worked. Now to figure out why.

Thanks again Tom.

Mike

Spoke too soon. It seems to have locked up my charts ("not responding").

I'll have to come back to this some other time.

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  #15 (permalink)
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Why does this one look like this:

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and this one look like this:

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?


Both rotations down have pullbacks within them of at least 1.25pts, but no main zig zag switch, so I can't see why it doesn't print yellow, up rotations in the first example...

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  #16 (permalink)
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indextrader7 View Post
Why does this one look like this:

Yup no idea.

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  #17 (permalink)
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Big Mike View Post
Hmm, when I clear indicators before applying the template it worked. Now to figure out why.

Thanks again Tom.

Mike

I'm assuming you must have applied it to a chart number other than Chart #1.

There are 3 solutions:
1) Go to the Zigzag Price Osc spreadsheet study settings and set Chart Data Output Sheet Number to 1, or
2) Move the Zigzag study to be at the top of the Chart Studies' Studies to Graph list, or
3) Edit the formulas to reference the correct Zigzag study columns.

-If you have a spreadsheet study on chart #1, don't use 1); if you do, the sheet will be overwritten
-If you have another spreadsheet study on the chart where you apply this study, and you use 2), you'll have to edit the other spreadsheet's formulas.
-There are additional ways it can get screwed up.

These issues are a drawback to using spreadsheet studies, but the added functionality makes up for them, IMO.

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  #18 (permalink)
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tomgilb View Post
I'm assuming you must have applied it to a chart number other than Chart #1.

There are 3 solutions:
1) Go to the Zigzag Price Osc spreadsheet study settings and set Chart Data Output Sheet Number to 1, or
2) Move the Zigzag study to be at the top of the Chart Studies' Studies to Graph list, or
3) Edit the formulas to reference the correct Zigzag study columns.

-If you have a spreadsheet study on chart #1, don't use 1); if you do, the sheet will be overwritten
-If you have another spreadsheet study on the chart where you apply this study, and you use 2), you'll have to edit the other spreadsheet's formulas.
-There are additional ways it can get screwed up.

These issues are a drawback to using spreadsheet studies, but the added functionality makes up for them, IMO.

Yes, it is chart #11 and also tried #13.

I tried to edit the spreadsheet but that is when it locked up. I will take a look later. The only other time Sierra locked up on me was with another ZigZag indicator, the Cumulative Volume tool. I talked to Anthony and he helped me find the problem which was an out of date Overlay from a chart that was being linked and causing a reciprocal and never ending recalculation. I will check to make sure I don't have the same issue again with one of my charts.

Mike

Mike

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Need help?
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  #19 (permalink)
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Looks really nice!

Anyone have this cooked up for Ninjatrader?!

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  #20 (permalink)
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Big Mike View Post
I saw something I liked today on FT71's chart during the live AMA session.

He has a histogram that is plotting the distance (ticks/points) between the most recent swing high/low.

Here is a screenshot


Anyone know how to accomplish the same with Sierra Chart, or care to write a study?

Mike

hi Mike

not certain i understand this correctly

i'm w nonCLR and i've modified ZZ study from ACS_Source

gd lck

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