[RS]ZigZag (MA, Pattern Recognition) V2
EXPERIMENTAL:
Best method so far to draw the zigzag.
Multi time frame options
Best method so far to draw the zigzag.
Multi time frame options
study("[RS]ZigZag (MA, Pattern Recognition) V2", overlay=true)
length = input(4)
ExtremeDetection = input(4)
useAltTF = input(true)
AlternativeTF = input('15')
showChannel = input(true)
f_zz(_length, _detection)=>
_hls = ema(ema(ema(hl2, _length), round(_length*0.66)), round(_length*0.33))
_isRising = _hls >= _hls[1]
_zigzag = _isRising and not _isRising[1] ? lowest(_detection) : not _isRising and _isRising[1] ? highest(_detection) : na
zigzag = useAltTF ? (change(time(AlternativeTF)) != 0 ? security(tickerid, AlternativeTF, f_zz(length, ExtremeDetection)) : na) : f_zz(length, ExtremeDetection)
tops = valuewhen(zigzag, zigzag, 0) >= valuewhen(zigzag, highest(ExtremeDetection), 0) and zigzag ? valuewhen(zigzag, zigzag, 0) : na
bottoms = valuewhen(zigzag, zigzag, 0) <= valuewhen(zigzag, lowest(ExtremeDetection), 0) and zigzag ? valuewhen(zigzag, zigzag, 0) : na
plot(not showChannel ? na : tops, color=black)
plot(not showChannel ? na : bottoms, color=black)
plot(zigzag, color=black, linewidth=2)
// ||--- Pattern Recognition:
//istop() => zigzag == filteredtopf
//isbot() => zigzag == filteredbotf
x = valuewhen(zigzag, zigzag, 4)
a = valuewhen(zigzag, zigzag, 3)
b = valuewhen(zigzag, zigzag, 2)
c = valuewhen(zigzag, zigzag, 1)
d = valuewhen(zigzag, zigzag, 0)
xab = (abs(b-a)/abs(x-a))
xad = (abs(a-d)/abs(x-a))
abc = (abs(b-c)/abs(a-b))
bcd = (abs(c-d)/abs(b-c))
// ||--> Functions:
isBat(_mode)=>
_xab = xab >= 0.382 and xab <= 0.5
_abc = abc >= 0.382 and abc <= 0.886
_bcd = bcd >= 1.618 and bcd <= 2.618
_xad = xad <= 0.886
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
isAltBat(_mode)=>
_xab = xab <= 0.382
_abc = abc >= 0.382 and abc <= 0.886
_bcd = bcd >= 2.0 and bcd <= 3.618
_xad = xad <= 1.13
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
isButterfly(_mode)=>
_xab = xab <= 0.786
_abc = abc >= 0.382 and abc <= 0.886
_bcd = bcd >= 1.618 and bcd <= 2.618
_xad = xad >= 1.27 and xad <= 1.618
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
isABCD(_mode)=>
_abc = abc >= 0.382 and abc <= 0.886
_bcd = bcd >= 1.13 and bcd <= 2.618
_abc and _bcd and (_mode == 1 ? d < c : d > c)
isGartley(_mode)=>
_xab = xab >= 0.5 and xab <= 0.618 // 0.618
_abc = abc >= 0.382 and abc <= 0.886
_bcd = bcd >= 1.13 and bcd <= 2.618
_xad = xad >= 0.75 and xad <= 0.875 // 0.786
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
isCrab(_mode)=>
_xab = xab >= 0.75 and xab <= 0.875 // 0.886
_abc = abc >= 0.382 and abc <= 0.886
_bcd = bcd >= 2.0 and bcd <= 3.618
_xad = xad >= 1.5 and xad <= 1.625 // 1.618
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
isShark(_mode)=>
_xab = xab >= 0.5 and xab <= 0.875 // 0.886
_abc = abc >= 1.13 and abc <= 1.618
_bcd = bcd >= 1.27 and bcd <= 2.24
_xad = xad >= 0.88 and xad <= 1.13
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
is5o(_mode)=>
_xab = xab >= 1.13 and xab <= 1.618
_abc = abc >= 1.618 and abc <= 2.24
_bcd = bcd >= 0.5 and bcd <= 0.625 // 0.5
_xad = xad >= 0.0 and xad <= 0.236 // negative?
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
isWolf(_mode)=>
_xab = xab >= 1.27 and xab <= 1.618
_abc = abc >= 0 and abc <= 5
_bcd = bcd >= 1.27 and bcd <= 1.618
_xad = xad >= 0.0 and xad <= 5
_xab and _abc and _bcd and _xad and (_mode == 1 ? d < c : d > c)
plotshape(isABCD(-1) and not isABCD(-1)[1], text="\nAB=CD", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0, offset=-2)
plotshape(isBat(-1) and not isBat(-1)[1], text="Bat", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0, offset=-2)
plotshape(isAltBat(-1) and not isAltBat(-1)[1], text="Alt Bat", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(isButterfly(-1) and not isButterfly(-1)[1], text="Butterfly", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(isGartley(-1) and not isGartley(-1)[1], text="Gartley", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(isCrab(-1) and not isCrab(-1)[1], text="Crab", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(isShark(-1) and not isShark(-1)[1], text="Shark", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(is5o(-1) and not is5o(-1)[1], text="5-O", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(isWolf(-1) and not isWolf(-1)[1], text="Wolf Wave", style=shape.labeldown, color=maroon, textcolor=white, location=location.top, transp=0)
plotshape(isABCD(1) and not isABCD(1)[1], text="AB=CD\n", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(isBat(1) and not isBat(1)[1], text="Bat", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(isAltBat(1) and not isAltBat(1)[1], text="Alt Bat", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(isButterfly(1) and not isButterfly(1)[1], text="Butterfly", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(isGartley(1) and not isGartley(1)[1], text="Gartley", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(isCrab(1) and not isCrab(1)[1], text="Crab", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(isShark(1) and not isShark(1)[1], text="Shark", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(is5o(1) and not is5o(1)[1], text="5-O", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)
plotshape(isWolf(1) and not isWolf(1)[1], text="Wolf Wave", style=shape.labelup, color=green, textcolor=white, location=location.bottom, transp=0)