Description
follow our ideas for trading here with take profit levels
https://www.tradingview.com/u/justshortcut/
best of luck *
using System;
using cAlgo.API;
using cAlgo.API.Internals;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = true, AccessRights = AccessRights.None)]
public class ZigZag : Indicator
{
[Parameter(DefaultValue = 12)]
public int Depth { get; set; }
[Parameter(DefaultValue = 5)]
public int Deviation { get; set; }
[Parameter(DefaultValue = 3)]
public int BackStep { get; set; }
[Output("ZigZag", Color = Colors.OrangeRed)]
public IndicatorDataSeries Result { get; set; }
#region Private fields
private double _lastLow;
private double _lastHigh;
private double _low;
private double _high;
private int _lastHighIndex;
private int _lastLowIndex;
private int _type;
private double _point;
private double _currentLow;
private double _currentHigh;
private IndicatorDataSeries _highZigZags;
private IndicatorDataSeries _lowZigZags;
#endregion
protected override void Initialize()
{
_highZigZags = CreateDataSeries();
_lowZigZags = CreateDataSeries();
_point = Symbol.PointSize;
}
public override void Calculate(int index)
{
if (index < Depth)
{
Result[index] = 0;
_highZigZags[index] = 0;
_lowZigZags[index] = 0;
return;
}
_currentLow = Functions.Minimum(MarketSeries.Low, Depth);
if (Math.Abs(_currentLow - _lastLow) < double.Epsilon)
_currentLow = 0.0;
else
{
_lastLow = _currentLow;
if ((MarketSeries.Low[index] - _currentLow) > (Deviation * _point))
_currentLow = 0.0;
else
{
for (int i = 1; i <= BackStep; i++)
{
if (Math.Abs(_lowZigZags[index - i]) > double.Epsilon && _lowZigZags[index - i] > _currentLow)
_lowZigZags[index - i] = 0.0;
}
}
}
if (Math.Abs(MarketSeries.Low[index] - _currentLow) < double.Epsilon)
_lowZigZags[index] = _currentLow;
else
_lowZigZags[index] = 0.0;
_currentHigh = MarketSeries.High.Maximum(Depth);
if (Math.Abs(_currentHigh - _lastHigh) < double.Epsilon)
_currentHigh = 0.0;
else
{
_lastHigh = _currentHigh;
if ((_currentHigh - MarketSeries.High[index]) > (Deviation * _point))
_currentHigh = 0.0;
else
{
for (int i = 1; i <= BackStep; i++)
{
if (Math.Abs(_highZigZags[index - i]) > double.Epsilon && _highZigZags[index - i] < _currentHigh)
_highZigZags[index - i] = 0.0;
}
}
}
if (Math.Abs(MarketSeries.High[index] - _currentHigh) < double.Epsilon)
_highZigZags[index] = _currentHigh;
else
_highZigZags[index] = 0.0;
switch (_type)
{
case 0:
if (Math.Abs(_low - 0) < double.Epsilon && Math.Abs(_high - 0) < double.Epsilon)
{
if (Math.Abs(_highZigZags[index]) > double.Epsilon)
{
_high = MarketSeries.High[index];
_lastHighIndex = index;
_type = -1;
Result[index] = _high;
}
if (Math.Abs(_lowZigZags[index]) > double.Epsilon)
{
_low = MarketSeries.Low[index];
_lastLowIndex = index;
_type = 1;
Result[index] = _low;
}
}
break;
case 1:
if (Math.Abs(_lowZigZags[index]) > double.Epsilon && _lowZigZags[index] < _low && Math.Abs(_highZigZags[index] - 0.0) < double.Epsilon)
{
Result[_lastLowIndex] = double.NaN;
_lastLowIndex = index;
_low = _lowZigZags[index];
Result[index] = _low;
}
if (Math.Abs(_highZigZags[index] - 0.0) > double.Epsilon && Math.Abs(_lowZigZags[index] - 0.0) < double.Epsilon)
{
_high = _highZigZags[index];
_lastHighIndex = index;
Result[index] = _high;
_type = -1;
}
break;
case -1:
if (Math.Abs(_highZigZags[index]) > double.Epsilon && _highZigZags[index] > _high && Math.Abs(_lowZigZags[index] - 0.0) < double.Epsilon)
{
Result[_lastHighIndex] = double.NaN;
_lastHighIndex = index;
_high = _highZigZags[index];
Result[index] = _high;
}
if (Math.Abs(_lowZigZags[index]) > double.Epsilon && Math.Abs(_highZigZags[index]) <= double.Epsilon)
{
_low = _lowZigZags[index];
_lastLowIndex = index;
Result[index] = _low;
_type = 1;
}
break;
default:
return;
}
}
}
}
JSCCEO
Joined on 08.07.2017
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: ZigZag.algo
- Rating: 0
- Installs: 3050
- Modified: 13/10/2021 09:54
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