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ZigZag swing as histogram
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ZigZag swing as histogram

  #31 (permalink)
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hi

this is another rt-version of zz histogram

it will does the job into the opposite direction from a latest endpoint that had been marked

gd lck

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  #32 (permalink)
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slickiam View Post
hi

this is another rt-version of zz histogram

it will does the job into the opposite direction from a latest endpoint that had been marked

gd lck

Thanks, I have it loaded up and will test in live market next week.

Mike

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  #33 (permalink)
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slickiam View Post
hi

this is another rt-version of zz histogram

it will does the job into the opposite direction from a latest endpoint that had been marked

gd lck

I'm currently using this indi in my trading. Thank you for creating it.

If you wanted to refine it.....

The values for any type of info such as SH, SL, or length/volume/etc info is still trying to plot it at the chart price value instead of plotting it at the new relevant values of the swing length.

Ex: I want to plot the swing length (in points) above below the swings on the histogram for ES. They should plot above and below swings of say.... 2 points. Instead they are still plotting at the ACTUAL price such as 1560.25

Also, an option for fixed horizontal levels inside the indi would be helpful. I'm currently using a horizontal line to draw them on it each time I restart the program.

Thanks again for creating this.

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  #34 (permalink)
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hi


indextrader7 View Post
The values for any type of info such as SH, SL, or length/volume/etc info is still trying to plot it at the chart price value instead of plotting it at the new relevant values of the swing length.

Ex: I want to plot the swing length (in points) above below the swings on the histogram for ES. They should plot above and below swings of say.... 2 points. Instead they are still plotting at the ACTUAL price such as 1560.25

Yes it is. No visual improvements for zz histogram had been added.

I'm stuck w my t-systems and I've never used any of ACSIL Tools to plot symbols dynamically. So I need much more time to study it. My Todo list for the next three monthes has these points. So thank you for the suggestion.



Quoting 
Also, an option for fixed horizontal levels inside the indi would be helpful. I'm currently using a horizontal line to draw them on it each time I restart the program.

Did you try Zig Zag High/Low Trendlines from SC's User Contributed studies?


gd lck


PS:

Quoting 
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wow!

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  #35 (permalink)
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indextrader7 View Post
Ex: I want to plot the swing length (in points) above below the swings on the histogram for ES. They should plot above and below swings of say.... 2 points. Instead they are still plotting at the ACTUAL price such as 1560.25

hi

this is my very first attempt to use sc.UseTool()

gd lck


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  #36 (permalink)
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hi

I've added additional markers: Volume, Delta, Length

gd lck


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  #37 (permalink)
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Wow, really great work man! You're solid. :applause:

The only other thing I can think of that would make this perfect is if it had a function to restart the calculation (start a brand new zig zag) on a new day. Many of us use RTH only for some charts, so the zig zag will go from yesterday's zig to today's opening zag, which is, of course, not a data point that we're interested in.

today for Ex:
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It MIGHT be better to simply make an adjustment to the actual zigzag indi, rather than the one you created, as it does it's job perfectly. I don't know if that's too difficult to do, as I'm CLUELESS as to programming stuff, but clearly you're not!

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  #38 (permalink)
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slickiam View Post
hi

this is another rt-version of zz histogram

it will does the job into the opposite direction from a latest endpoint that had been marked

gd lck

@slickiam

Can histogram be used in trading ?
I found it repaints.

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ZigZag swing as histogram-positive_histogram_disappeared.png  
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  #39 (permalink)
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lemons View Post

Can histogram be used in trading ?
I found it repaints.

The nature of the zig zag itself "repaints". I think if one is aware of that fact, and understands the nature of the calculation, you can prevent taking some type of "false signal".

I personally use it to just get a feel for the amplitude of the swings throughout the day, in a nice, relative, eye friendly view. So, I'm not taking any type of "signal" from it.

One thing I did to know when it was past a point of a repaint was to add horizontal line studies to teh chart, that match up with the calculation. for example, if i'm using setting 3 and it's set to 2.5 points, I can have the lines at +/- 2.5 on the histogram, and I know that if it crosses that line, the "repaint risk" has gone away completely. Of course, at this point the swing could be ending!

Bottom line, don't use this as any kind of trading signal. IMHO.

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  #40 (permalink)
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I also would like to see a version that resets on session break, so I don't get this behavior:

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Mike

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