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ThinkScript Plotting Limitation
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ThinkScript Plotting Limitation

  #11 (permalink)
Seattle, WA/USA
 
Trading Experience: Intermediate
Platform: TOS, TS
Favorite Futures: Forex, crude
 
Posts: 39 since Sep 2016
Thanks: 6 given, 14 received

That is an issue with how TOS does the zigzag. Really the only way to wokr around that is to figure out what confirms a zigzag reversal and plot that. For example the standard zz confirms when price has moved x% away from a pivot low, but TOS will print the reversal as soon as it's valid, not when it's 'locked.' You can write a little statement that shows where that x% line is. There are a few other pivot high/low indicators that I am aware of that do not repaint, mostly by Mobius, that may be useable in this situation.

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  #12 (permalink)
Anchorage
 
 
Posts: 2 since Jun 2019
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Do you know where I could find the code for those indicators by Mobius?

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  #13 (permalink)
Seattle, WA/USA
 
Trading Experience: Intermediate
Platform: TOS, TS
Favorite Futures: Forex, crude
 
Posts: 39 since Sep 2016
Thanks: 6 given, 14 received


He posts almost all (if not all) of his non-client based work on his mytrade page: https://www.mytrade.com/profile/Mobius/statuses/11638246

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  #14 (permalink)
Market Wizard
Portland, OR
 
Trading Experience: None
 
Massive l's Avatar
 
Posts: 1,783 since Mar 2011
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kjhosken View Post
That is an issue with how TOS does the zigzag. Really the only way to wokr around that is to figure out what confirms a zigzag reversal and plot that. For example the standard zz confirms when price has moved x% away from a pivot low, but TOS will print the reversal as soon as it's valid, not when it's 'locked.' You can write a little statement that shows where that x% line is. There are a few other pivot high/low indicators that I am aware of that do not repaint, mostly by Mobius, that may be useable in this situation.

you can code it as a strat and tell it to only mark the reversal after the bar has closed.

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