This indicator constructs dynamic high/low price range levels, based on 3 point fractals. Trend lines are drawn (zigzag style) at fractal points when trend direction is clearly established.
This is a lagging indicator: fractals lag by one bar and trend lines can lag by many bars. However, its strength lays in objectively defining historic price action: e.g....
Swing Indicators
- Best to have it in dark mode
- It would be great with Volume, StochRSI and MACD
1. MA/EMA Cross
2. Dual Bollinger Band
3. PSAR
4. ZigZag
5. Swing High/Low
Note.
- Please let me know if you found a better way of implementing ZigZag.
Renko based zigzag:
mode: can be Traditional or ATR.
modeValue: can be whole number if you use ATR mode, or floating point number in case of Traditional mode.
showOverlay: displays basis Renko overlay.
This is another among zillions of attempts at a moving average of a security. More precisely, two attempts at one go). The zzoid function generates a zigzag-like MA that can adopt different forms. The stepline function creates, sure enough, a stepline.
Multiple Statistics from zigzag:
• Price range between swings.
• Bar range between swings.
returns maximum value, avg value and mean deviation.
if you find something missing, please leave a message bellow.
![EURUSD: [RS]ZigZag Percent Reversal](https://s3.tradingview.com/g/gJlR0dW7_mid.png "[RS]ZigZag Percent Reversal")
![EURUSD: [RS]Renko ZigZag V0](https://s3.tradingview.com/h/hSinr6JT_mid.png "[RS]Renko ZigZag V0")
![USDRUB: [RS]ZigZag Percent Reversal(Multiple) - Forecast Areas](https://s3.tradingview.com/e/E53bztfS_mid.png "[RS]ZigZag Percent Reversal(Multiple) - Forecast Areas")
![BTCUSD: [RS]ZigZag Percent Reversal - Helper - Rates](https://s3.tradingview.com/x/XSXdXYPB_mid.png "[RS]ZigZag Percent Reversal - Helper - Rates")
![USDCAD: [RS]ZigZag Percent Reversal - Multiple Statistics](https://s3.tradingview.com/q/Q8qIfnDH_mid.png "[RS]ZigZag Percent Reversal - Multiple Statistics")
