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ZigZag swing as histogram
Started: by Big Mike Views / Replies:13,955 / 67
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ZigZag swing as histogram

  #1 (permalink)
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ZigZag swing as histogram

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

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

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Last edited by Big Mike; March 19th, 2013 at 02:33 PM.
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  #2 (permalink)
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Here is a quick throw together with a spreadsheet study.
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  #3 (permalink)
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addchild View Post
Here is a quick throw together with a spreadsheet study.
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Pretty nice

Will it work with the non-NET version of Sierra? A year ago or so when this version became available I switched to it, they said the .NET version would be gone by the end of last year and they are a bit late with that... I've had a lot of problems with the spreadsheet stuff in my version.

Can you share?

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  #4 (permalink)
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Clearer screenshot of his:

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Mike

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  #5 (permalink)
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It seems FT is counting the smaller rotations inside his 2.5/3pt higher rotations.

For those that use the zigzag you could plot 2 different zigzags. One for the higher rotation and the other for the smaller.

Funny, I use similar histogram but is for the volume. Nice way to see divergences.
Never looked at it as a way to mark each lower rotation inside the higher one, but then again, I already can see that looking at the chart and how many smaller rotations are inside the higher one and their length.

For me the smaller rotation are great for trailing stops.

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Big Mike View Post
Pretty nice

Will it work with the non-NET version of Sierra? A year ago or so when this version became available I switched to it, they said the .NET version would be gone by the end of last year and they are a bit late with that... I've had a lot of problems with the spreadsheet stuff in my version.

Can you share?

Mike

If spreadsheets don't work in the non .NET version I doubt this will work.

without actually having any knowledge of code I have no idea how to reference the ZIGZAG high and low values. Though I have used a similar concept for a while, I just measure swings in relation to average price, I find it removes a lot of the noise from while leaving most of the relevant info. This can be achieved with just the "subgraphs difference" study.

Hopefully someone with more experience with custom studies can chime in.

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ZigZag swing as histogram-2013-03-19_1105.png  
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arnie View Post
It seems FT is counting the smaller rotations inside his 2.5/3pt higher rotations.

I don't believe so.

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.

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  #8 (permalink)
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Here's a Spreadsheet Study study solution available here:

https://futures.io/download/sierra_chart/1381-download.html?view

Sorry Mike, but spreadsheet studies are not yet supported in the non-.NET version.

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ZigZag swing as histogram-zz_priceosc.png  
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  #9 (permalink)
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tomgilb View Post
Here's a Spreadsheet Study study solution available here:

https://futures.io/download/sierra_chart/1381-download.html?view

Sorry Mike, but spreadsheet studies are not yet supported in the non-.NET version.

You rock. I'll just download the regular version, I've been hanging on to the non-NET "vision" for too long

And as a tribute to FT71, here is my trading monkey which was present today...

Mike

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Need help?
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  #10 (permalink)
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tomgilb View Post
Here's a Spreadsheet Study study solution available here:

https://futures.io/download/sierra_chart/1381-download.html?view

Sorry Mike, but spreadsheet studies are not yet supported in the non-.NET version.

Thanks Tom. I downloaded 955 regular NET version, applied the analysis template, but the oscillator panel is empty. Not sure where it is going wrong.

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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