Swing high / Swing low indictator+alert? | Forex Factory

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Swing high / Swing low indictator+alert?

  • #1
  • First Post: Jan 28, 2008 4:36pm Jan 28, 2008 4:36pm
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?
  • #2
  • Apr 27, 2008 5:21pm Apr 27, 2008 5:21pm
Just saw your post after posting something simillar myself - did you have any joy finding a swing high/low indicator?
  • #3
  • Apr 28, 2008 9:43am Apr 28, 2008 9:43am
Try this one
Attached File(s)
File Type: mq4 Swing_ZZ.mq4   11 KB | 10,321 downloads
  • #4
  • May 23, 2008 3:15pm May 23, 2008 3:15pm
Quoting ServerUang
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
Attached File(s)
File Type: ex4 ZigZag.ex4   6 KB | 2,894 downloads
File Type: mq4 ZigZag.mq4   6 KB | 3,191 downloads
File Type: mq4 Swing_ZZ.mq4   11 KB | 5,618 downloads
File Type: ex4 Swing_ZZ.ex4   11 KB | 4,347 downloads
  • #5
  • Jun 2, 2008 10:24pm Jun 2, 2008 10:24pm
does the indicator make sound alert when swing new high/low is made?
  • #6
  • Jul 16, 2011 7:38am Jul 16, 2011 7:38am
Can anyone tell me how the ZZ swing indicator works? What does it look for?
  • #7
  • May 30, 2012 6:42pm May 30, 2012 6:42pm
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
  • #8
  • May 30, 2012 6:45pm May 30, 2012 6:45pm
Quoting Werner
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
  • #9
  • May 31, 2012 1:48am May 31, 2012 1:48am
This may explain ZZ settings :

http://www.forexfactory.com/showthre...53#post5458753
It never gets easier, you just get better
  • #10
  • Edited 7:54am May 31, 2012 2:17am | Edited 7:54am
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
  • #11
  • Sep 16, 2012 6:13am Sep 16, 2012 6:13am
Quoting dgrs
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.
  • #12
  • Aug 15, 2013 2:40pm Aug 15, 2013 2:40pm
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.
Attached Image (click to enlarge)
Click to Enlarge Name: look-at-this.png Size: 128 KB
  • #13
  • Mar 6, 2014 5:45am Mar 6, 2014 5:45am
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.
  • #14
  • Mar 6, 2014 3:09pm Mar 6, 2014 3:09pm
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.
Attached Image (click to enlarge)
Click to Enlarge Name: swingzz-success&failure.png Size: 167 KB
  • #15
  • Mar 11, 2014 11:58pm Mar 11, 2014 11:58pm
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.
Attached Image (click to enlarge)
Click to Enlarge Name: swingzz-success&failure-continued.png Size: 172 KB
  • #16
  • Mar 12, 2014 2:59am Mar 12, 2014 2:59am
TdHowl,
Why not start a thread in the trading systems forum or trading journals?
Please Do Not PM Me With Coding Enquiries
  • #17
  • Mar 12, 2014 6:57am Mar 12, 2014 6:57am
Hi Gumrai, if the system continues to do well on the 4H timeframe, then I'll start a thread under trading systems forum.
  • #18
  • Mar 12, 2014 7:10am Mar 12, 2014 7:10am
Quoting tdhowl
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.
Please Do Not PM Me With Coding Enquiries
  • #19
  • Mar 12, 2014 9:53am Mar 12, 2014 9:53am
Hi Gumrai, I did as you suggested. I will post future results on that new thread.
  • #20
  • Jan 8, 2017 7:45am Jan 8, 2017 7:45am
Quoting dgrs
{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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