Zig Zag Pip Value | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fractal Zig Zag EAs on 5 pip Renko Bricks 116 replies

Zig Zag Expert Advisor Problem 5 replies

Zig Zag Help 1 reply

Zig and Zag - anyone tried this indicator? 5 replies

Zig Zag 3 replies

Attachments: Zig Zag Pip Value
Exit Attachments

Zig Zag Pip Value

  • #21
  • Jul 24, 2011 1:52pm Jul 24, 2011 1:52pm
Sangmane,

your tweak zigzag indicator is amazing. useful for swing trading. tx
  • #22
  • Jul 24, 2011 3:46pm Jul 24, 2011 3:46pm
This is a interesting idea



Quoting elvadod
Sangmane,

Thank you again for your help on the ZigZagWithValue_Bars indicator. It’s performing beautifully.

Is there a way to modify the ZigZagWithValue_Bars indicator to perform the following tasks?
1. Paint the last 2 completed swings (A & B) & identify to current swing (C).
2. An alert will be given when the current swing’s (C) candle closes beyond the beginning of the first swing (A).
3. After swing (C) closes beyond swing (A), paint a horizontal trendline from swing (A) to the point where swing (C) surpassed swing (A).
4. Swings...
  • #23
  • Nov 1, 2011 3:16am Nov 1, 2011 3:16am
Quoting sangmane
I code an indicator named AddZZLegLength. If you put it on chart, it will draw the length of every closed leg in pips. It's not stand alone indicator. You need to put MT4 standarts zigzag indicator on chart to make the zigzag line visible.

You also need to use the same external parameter (Depth, Deviation, Backstep) for both Zigzag and AddZZLegLength.
A friend of mine complained that even if you change the color in the options, it stays yellow. I found and fixed a typo that causes the problem. I'm uploading this modified indicator as ZZLegLength (instead of AddZZLegLength) just in case using the same name would impact the original indicator.

Bob Price
Attached File(s)
File Type: mq4 ZZLegLength.mq4   2 KB | 2,480 downloads
  • #24
  • Edited 8:21am Dec 4, 2011 6:48am | Edited 8:21am
Hi All.
I was asked to add some info to the ZigZag indi on another forum and borrowed some code from here.
As a way of saying thank you I have returned it with my changes.
It requires the original Zig Zag from Metatrader to run and is designed to show the pip values length of the ZZ legs as well as the difference between the last High legs and Last Low legs. Picture explains it.
It updates on each tick so do remember that the last value can change as per any ZZ. I have made it this way as a good ratio may pop up when on a support or resistance giving us timely warning of a possible change in direction.
If you grab your calculator out and have a look at the last 100 or so ratios I know you will see some magic :-)
I will probably do some more work on this over time as I find it interesting but will update anything future at www.Brooky-Indicators.com
Cheers
Brooky.
Attached Image (click to enlarge)
Click to Enlarge Name: ZZDistance.jpg Size: 69 KB
Attached File(s)
File Type: mq4 ZZLengthAndDiff.mq4   5 KB | 2,563 downloads
  • #25
  • Dec 5, 2011 6:21pm Dec 5, 2011 6:21pm
Hi all
Here is an update for the indi above. For the life of me I can't find the edit button for the above post anymore.
Label was redrawing over itself which has been fixed.
Cheers
Brooky
Attached File(s)
File Type: mq4 ZZLengthAndDiff.mq4   5 KB | 2,706 downloads
  • #26
  • Dec 31, 2011 12:45am Dec 31, 2011 12:45am
Yesterday GBP/USD total pips was more than 1000 in 1 min, can anybody add this option for calculate "TOTAL PIPS OF THE DAY" ?

http://i.imgur.com/IbEFH.png

Thanks in advance
--------------------
  • #27
  • Jan 7, 2012 4:07am Jan 7, 2012 4:07am
This is an excellent tool but I only need the price. the pips value should be remove. Thanks
  • #28
  • Jan 27, 2012 3:00pm Jan 27, 2012 3:00pm
hi all..
hello mr.Sangmane..how to attach zigzag SG with fibo Retracement(right now i put fibo on manual) setting zigzag 3,5,3.
my fibo setting levels..
0.0/start BUY / SELL %$
0.07/7P %$
0.15/15P %$
0.30/30P %$
0.45/45P %$
0.50/50P %$
0.60/60P %$
0.75/75P %$
0.90/90P %$
1.05/105P %$
1.20/120P %$
1.35/135P %$
1.50/150P %$
1.65/165P %$
1.80/180P %$
1.95/195P %$
2.10/210P %$
2.25/225P %$
2.40/240P %$
till go to 4.20/420P %$
*when you draw fibo..0 to 100..(see pic)
Attached Image (click to enlarge)
Click to Enlarge Name: zigzag pic.gif Size: 31 KB

fibo follow zigzag high
Attached Image (click to enlarge)
Click to Enlarge Name: zigzag pic1.gif Size: 31 KB

thanks
Attached File(s)
File Type: mq4 ZigZag_AutoChannel.mq4   6 KB | 2,891 downloads
File Type: mq4 ZigZag SG.mq4   9 KB | 2,840 downloads
File Type: mq4 zigzag black label.mq4   9 KB | 2,805 downloads
File Type: tpl zigzagfibo.tpl   89 KB | 1,908 downloads
  • #29
  • Jan 29, 2012 7:52am Jan 29, 2012 7:52am
Quoting brooky29
Hi all
Here is an update for the indi above. For the life of me I can't find the edit button for the above post anymore.
Label was redrawing over itself which has been fixed.
Cheers
Brooky
Brooky,

Thanks for the great indicator.Can you check the code again please it looks like it is missing some of the data.Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: zig.png Size: 28 KB
  • #30
  • Jan 30, 2012 9:11am Jan 30, 2012 9:11am
Quoting alldaypips
hi all..
hello mr.Sangmane..how to attach zigzag SG with fibo Retracement(right now i put fibo on manual) setting zigzag 3,5,3.
my fibo setting levels..
0.0/start BUY / SELL %$
0.07/7P %$
0.15/15P %$
0.30/30P %$
0.45/45P %$
0.50/50P %$
0.60/60P %$
0.75/75P %$
0.90/90P %$
1.05/105P %$
1.20/120P %$
1.35/135P %$
1.50/150P %$
1.65/165P %$
1.80/180P %$
1.95/195P %$
2.10/210P %$
2.25/225P %$
2.40/240P %$
till go to 4.20/420P %$
*when you draw fibo..0 to 100..(see pic)
Attachment
fibo follow zigzag high
Attachment
thanks
great indicators mate anyway to get the black labels a different colour?
Attached Image (click to enlarge)
Click to Enlarge Name: pairs.gif Size: 24 KB
Find your Favourite Pattern
  • #31
  • Jan 30, 2012 10:01am Jan 30, 2012 10:01am
Quoting olsen-yersen
Brooky,

Thanks for the great indicator.Can you check the code again please it looks like it is missing some of the data.Thanks.
Hi
I had a look and added it to the same chart as yourself and then overlaid ZigZag and I could not recreate the obvious missing point that you have.
I have absolutely no idea why this would be so. All I can suggest is to take the indi off the chart and reload it ( Which I am sure you have done 10 times already ).
If that does not fix it then I honestly I don't have an answer at the moment. I will keep it on a chart and watch over it for a while to see if it spits at me.
Cheers
Brooky
Attached Image (click to enlarge)
Click to Enlarge Name: zzcount.gif Size: 17 KB
  • #32
  • Feb 1, 2012 10:04pm Feb 1, 2012 10:04pm
Quoting FxCzar
This is an excellent tool but I only need the price. the pips value should be remove. Thanks
ZigZag wLabel
  • #33
  • Feb 22, 2012 3:34am Feb 22, 2012 3:34am
Thanx for your hard work SangMane,

My idea is to add the statistical report on your indicator (ZigZagWithValue_Bars.mq4), so we will know what is the average range/wave between support and resistance in every pair.

I think it will be great because we can choose the pair with the good wave to trade (not trade the choopy/small movement pair)

ex: EURUSD

25-50 pips ...... 2x (2 times happened)
50-75 pips .......3x
75-100 pips ......5x
100-125 pips......3x
125-150 pips......7x
150-175 pips......15x

I Hope you can understand what i mean, Thanx a lot

Happy trading
Traderslab
  • #34
  • Feb 22, 2012 12:20pm Feb 22, 2012 12:20pm
Quoting sangmane
elvadod,

please see attached file. let me know how it works
Wow!!!!! This is a great indicator.
http://www.forexfactory.com/images/attach/mq4.gif ZigZagWithValue_Bars.mq4
Thanks Sangmane, I was looking for that for long time.
Could some one add speed next to that values???

The speed value is "# of pips / # of candles"

Thanks in advance and have a great day...

Ppkpe
  • #35
  • Apr 5, 2012 5:08am Apr 5, 2012 5:08am
Quoting sangmane
elvadod,

please see attached file. let me know how it works
Dear Sangmane or anyone ,

Can you normalize the zigzag (+ level ,0 level,- level) and add certain threshold or standart deviation levels( or I think even ATR levels would do the same job)?

So the idea is when normalized zigzag below zero downtrend , when above zero uptrend when it is between the certain threshold(ATR or standart deviation?) it is ranging.Thank you.

Since the zigzag has already have the pip value and number of candle info for each leg , normalizing and adding threshold would be valuable for identifying the market state for perceptron trainning.Thank you
  • #36
  • Apr 5, 2012 8:31am Apr 5, 2012 8:31am
There are also some nice ZigZaag with values in M_j's thread http://www.forexfactory.com/showthread.php?t=285687

in the UNSUPORTED_MAYBEUSEFUL__Indicators.zip
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot.jpg Size: 88 KB
Money is important, Love is essential.
  • #37
  • Apr 5, 2012 11:19am Apr 5, 2012 11:19am
Thanks for the link, it is not actually what I am looking for.There are no thresholds to identify the uptrend,downtrend, ranging.

I have managed to identify kind of market state with the price oscillator.But what I am looking for is the one with the zigzag.
  • #38
  • May 7, 2012 3:17pm May 7, 2012 3:17pm
Quoting traderslab
Thanx for your hard work SangMane,

My idea is to add the statistical report on your indicator (ZigZagWithValue_Bars.mq4), so we will know what is the average range/wave between support and resistance in every pair.

I think it will be great because we can choose the pair with the good wave to trade (not trade the choopy/small movement pair)

ex: EURUSD

25-50 pips ...... 2x (2 times happened)
50-75 pips .......3x
75-100 pips ......5x
100-125 pips......3x
125-150 pips......7x
150-175 pips......15x

I...
Hi folks. I want the statistical data like average pips (like above), number of bars in each leg + average.
Anyone could help?
I think this is a great indy. If you could add more and more statistical data to it. It would be great.
Thanks.
  • #39
  • Edited 8:39am Aug 11, 2012 8:24am | Edited 8:39am
here's a mod that i did to SangMane's AddZZLegLength indicator so that the pip value and the % value are displayed. I'm VERY new to coding though (in fact this is my first attempt) so check i've not made any glaring errors before using this.
MJL
Attached File(s)
File Type: mq4 ZZLegLength pip(%).mq4   2 KB | 2,711 downloads
  • #40
  • Oct 9, 2012 3:21am Oct 9, 2012 3:21am
Hello all.
I am very bad programming I tried changing the zigzag "sangmane" but I have a problem I can not solve a.
I try to calculate the mean of X to swing spilled statistics but my problem is that on the last swing as ZZ repainted it distorts all the calculations so how.

I'll explain exactly what I want to do.

I try to calculate the average of the high and low swing swing number is a parameter to calculate.

Can you help me?
Here is the code that is not good that I have done cat I'm no programming.
sorry for my english I'm French.
cordially

FRENCH

Bonjour a tous .
je suis tres mauvaise en programmation j'ai essayé de modifier le zigzag de "sangmane" mais j'ai un probleme que j'arrive pas a resoudre .
j'essai de calculer la moyenne de X swing pour faire diverses statistique mais mon problème c'est que sur le dernier swing comme le ZZ repeint il fausse tout les calculs donc comment faire .

je vous explique exactement ce que je veux faire .

j'essaie de calculer la moyenne des swings bas et haut le nombre de swing a calculer est un paramètre .

pouvez vous m'aider ?
voici le code c'est pas beau ce que j'ai fait car je suis nulle en programmation.
désolé pour mon anglais je suis française.
cordialement
Attached File(s)
File Type: mq4 ZZ-TEST_STATS.mq4   12 KB | 1,739 downloads
0 traders viewing now