OPEN-SOURCE SCRIPT

ZigZag Chart with Supertrend

Aggiornato
Hello All,

This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend.

As seen below, each zigzag wave is a candle on Zigzag chart:
istantanea

You have a few options and using these options you can find best settings for the securities/timeframes.
You can change Zigzag period, if you change Zigzag Period then all zigzag and the chart is recalculated/reconstructed.
You have option to show Zigzag Supertrend or Zigzag Moving Average, the options you have;
- You can change ATR Length and ATR multiplier for supertrend
- You can change Length for Simple Moving Average

You can change Zigzag candle & wick colors using options. Also you have option to change bar colors according to Zigzag Supertrend direction.

As it's timeless chart, below you can see how/when bar colors and Zigzag Supertrend change:
istantanea

You can see Simple Moving Average of the Zigzag Candles:
istantanea

You can play with ATR length and multiplier to find best supertrend:
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You can play with the candle & wick colors:
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Enjoy!

Note di rilascio
updated
Centered OscillatorsDaily PivotsFibonacci RetracementlonesometheblueMoving AveragespivotsupportsupertrendtrendtradingVolatilityZigzag

Script open-source

In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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