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-   -   Swing high / Swing low indictator+alert? (https://www.forexfactory.com/showthread.php?t=67479)

Rabid Jan 28, 2008 7:36pm | Post# 1

Swing high / Swing low indictator+alert?
 
Been studying price action lately, only problem is I'm not able to spend hours a day looking at each chart all at once... I can have 1 chart open and check it every few hours, but trying to keep tabs on even just 2 or 3 gets crazy very quickly. So alas I'm missing out on some of the funnest movement.

Since so much seems to be centered around trends and swing low/high it seems like a decent little idea. Something that could detect a change or a sudden low (within say X amount of time) and/or a sudden high, then play a little tone and pop up an alert that says "hey, keep an eye on xxx/yyy"

Anyone know of anything like that?

dgrs Apr 27, 2008 8:21pm | Post# 2

Just saw your post after posting something simillar myself - did you have any joy finding a swing high/low indicator?

ServerUang Apr 28, 2008 12:43pm | Post# 3

1 Attachment(s)
Try this one
Swing_ZZ.mq4

dgrs May 23, 2008 6:15pm | Post# 4

Swing High low variables?
 
4 Attachment(s)
Try this one
Many thanks for this. In inputs, the miniBars default value is 2. What happens if it's changed? Does 2=2lower highs either side of a high to qualify? Trying to work it out from the chart but it's difficult as all the swings are linked - thought a coder could answer this v quickly!

Also, I have ZigZag indicator from this forum (attached). This has more variables (default values given);

ExtDepth 12
ExtDeviation 5
ExtBackstep 3

Would someone mind explaining these?

Many thanks!

Dave

PS. Have attached the Swing_ZZ if there are people who haven't seen it but like it or comment on it
ZigZag.ex4
ZigZag.mq4
Swing_ZZ.mq4
Swing_ZZ.ex4

belief Jun 3, 2008 1:24am | Post# 5

does the indicator make sound alert when swing new high/low is made?

Werner Jul 16, 2011 10:38am | Post# 6

Can anyone tell me how the ZZ swing indicator works? What does it look for?

mkhpd1 May 30, 2012 9:42pm | Post# 7

Swing High low
 
DRGS,
Not sure what the various settings mean. However, if you are looking for swing chart or overlay, then setting all the values to 1, gives a reasonable swing overlay.
It's not perfect, as it doesn't handle outside days the way Gann described them, but it's the closest indicator I can find ATM.

Cheers

mkhpd

mkhpd1 May 30, 2012 9:45pm | Post# 8

ZZ swing indicator
 
Can anyone tell me how the ZZ swing indicator works? What does it look for?
Wener, The swing indicator, the way I have it implemented, identifies the highs and the lows. It is helpful in reducing the 'noise' in the chart, if you want to measure ranges, either in time (high to high, low to high, high to low, etc), or price distances (high to low, low to high).

Cheers,

mkhpd

Shabs19 May 31, 2012 4:48am | Post# 9

This may explain ZZ settings :

http://www.forexfactory.com/showthre...53#post5458753

joselopezde May 31, 2012 5:17am | Post# 10

Hi all, I am a Spanish trader. First, I apologize for my bad English. I'll explain what I need.

I trade DAX. When start the day, we usually start with Gap, so previous day's closing and opening of this day are different

So, the indicator that I need:

- Two horizontal lines (opening day and previous day close). Opening (time 8:00). Close (time: 21:45). [In chart: red and green lines]. Sometimes it will close above the opening and other times it will be backwards. [The line is above: green. The line that is below: red]

Greetings to all and thanks in advance

chirag77 Sep 16, 2012 9:13am | Post# 11

Does Swing_ZZ Indicator Repaints ?
 
Many thanks for this. In inputs, the miniBars default value is 2. What happens if it's changed? Does 2=2lower highs either side of a high to qualify? Trying to work it out from the chart but it's difficult as all the swings are linked - thought a coder could answer this v quickly!

Also, I have ZigZag indicator from this forum (attached). This has more variables (default values given);

ExtDepth 12
ExtDeviation 5
ExtBackstep 3

Would someone mind explaining these?

Many thanks!

Dave

PS. Have attached the Swing_ZZ if there...
Hello, i want to know that, how many bars does Swing_ZZ indicator repaints ? Please reply.

tdhowl Aug 15, 2013 5:40pm | Post# 12

1 Attachment(s)
See "look-at-this.png" file I attached. It is my demo account screenshot of half a day of trading results using only micro lots with 1:50 leverage. This EA uses the swing zz indicator.
Click to Enlarge

Name: look-at-this.png
Size: 128 KB

tdhowl Mar 6, 2014 8:45am | Post# 13

I've tested the swing zz indicator on my live accounts, with above excellent results. I did not do extensive testing with it though. My opinion is this.. this indicator appears stable on the H1. I think it should perform well on higher timeframes too. . However, basing a trade on any zigzag indicator on lower then the 1 H .. I would not recommend. Considering only 1h timefame and above. That is just my opinion. Please make your own decision, what seems to work for me may not work for others.

tdhowl Mar 6, 2014 6:09pm | Post# 14

1 Attachment(s)
5 prior trades in a row.. ALL PROFITABLE, and then the trade of doom happens. I reset the EA to a higher timeframe.. on the 4H. Let's see how much of this trade I can recover hopefully, and then see how this indicator continues to perform on the 4H. This is a live trading screenshot. I will post here what happens if anyone is interested.
Click to Enlarge

Name: swingzz-success&failure.png
Size: 167 KB

tdhowl Mar 12, 2014 2:58am | Post# 15

1 Attachment(s)
The losing trade was opened by the swing zz ea on the H1 timeframe. During the trade, I reset the ea onto the H4 timeframe in hopes of recovering some loss from the bad trade. The two winning trades after the losing trade occurred on the reset H4 timeframe. This ea may need to incorporate some kind of breakout price direction filter.. so any open position would be closed if price is breaking out in the opposing direction. Then, this ea my be safer to trade with.. I speculate.
Click to Enlarge

Name: swingzz-success&failure-continued.png
Size: 172 KB

Gumrai Mar 12, 2014 5:59am | Post# 16

TdHowl,
Why not start a thread in the trading systems forum or trading journals?

tdhowl Mar 12, 2014 9:57am | Post# 17

Hi Gumrai, if the system continues to do well on the 4H timeframe, then I'll start a thread under trading systems forum.

Gumrai Mar 12, 2014 10:10am | Post# 18

Hi Gumrai, if the system continues to do well on the 4H timeframe, then I'll start a thread under trading systems forum.
Why not start a thread now?
Your posts are not relevant in the Platform Tech forum.
You could leave a link here to take members to your new thread.

tdhowl Mar 12, 2014 12:53pm | Post# 19

Hi Gumrai, I did as you suggested. I will post future results on that new thread.

Forexpinbar Jan 8, 2017 10:45am | Post# 20

{quote} Many thanks for this. In inputs, the miniBars default value is 2. What happens if it's changed? Does 2=2lower highs either side of a high to qualify? Trying to work it out from the chart but it's difficult as all the swings are linked - thought a coder could answer this v quickly! Also, I have ZigZag indicator from this forum (attached). This has more variables (default values given); ExtDepth 12 ExtDeviation 5 ExtBackstep 3 Would someone mind explaining these? Many thanks! Dave PS. Have attached the Swing_ZZ if there are people who haven't...
Do you have alert for Swing ZZ indicator?


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