RicardoSantos

[RS]PA Zigzag Fibonacci FAN V0

EXPERIMENTAL:
fan projection from zigzag .
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study(title='[RS]PA Zigzag Fibonacci FAN V0', shorttitle='F', overlay=true)
useHA = input(false, title='Use Heikken Ashi Candles')
useAltTF = input(true, title='Use Alt Timeframe')
tf = input('D', title='Alt Timeframe')

zigzag() =>
    _isUp = close >= close[1]
    _isDown = close <= close[1]
    _direction = _isUp[1] and _isDown ? -1 : _isDown[1] and _isUp ? 1 : nz(_direction[1])
    _zigzag = _isUp[1] and _isDown and _direction[1] != -1 ? highest(2) : _isDown[1] and _isUp and _direction[1] != 1 ? lowest(2) : na

_ticker = useHA ? heikenashi(tickerid) : tickerid
sz = useAltTF ? (change(time(tf)) != 0 ? security(_ticker, tf, zigzag()) : na) : zigzag()

plot(sz, title='zigzag', color=black, linewidth=2)

//  ||---   Pattern Recognition:

x = valuewhen(sz, sz, 1) 
z = valuewhen(sz, sz, 0)
n_x = valuewhen(sz, n, 1) 
n_z = valuewhen(sz, n, 0)

price_range = z-x
bar_range = n_z-n_x
step = price_range/bar_range
projection = sz ? na : z + ((n-n_z)*step)
projection_n0236 = sz ? na : z + ((n-n_z)*step)*-0.236
projection_n0382 = sz ? na : z + ((n-n_z)*step)*-0.382
projection_n0500 = sz ? na : z + ((n-n_z)*step)*-0.500
projection_n0618 = sz ? na : z + ((n-n_z)*step)*-0.618
projection_n1000 = sz ? na : z + ((n-n_z)*step)*-1.000
projection_n1618 = sz ? na : z + ((n-n_z)*step)*-1.618
projection_n3141 = sz ? na : z + ((n-n_z)*step)*-3.141
plot(title='0.0', series=projection, style=linebr, color=blue)
plot(title='-0.236', series=projection_n0236, style=linebr, color=gray)
plot(title='-0.382', series=projection_n0382, style=linebr, color=yellow)
plot(title='-0.500', series=projection_n0500, style=linebr, color=orange)
plot(title='-0.618', series=projection_n0618, style=linebr, color=red)
plot(title='-1.000', series=projection_n1000, style=linebr, color=black)
plot(title='-1.618', series=projection_n1618, style=linebr, color=maroon)
plot(title='-3.141', series=projection_n3141, style=linebr, color=aqua)

Bình luận

Hi Ricardo:

Where the variable n comes from in: n_z = valuewhen(sz, n, 0) as I dont see it been declared.
Thanks.
+3 Phản hồi
@RicardoSantos

Request:

Ability to only show the most recent fan. For example, if I set the time frame of the indicator to 1 hour, it would be great it only the current fan that is currently being drawn is shown. Having the option to choose this in the settings would be really great, if possible, and if you are willing! Thanks.
+3 Phản hồi
@stockspy, thats not possible to do, its a restriction on how pinescript works.
Phản hồi
stockspy RicardoSantos
@RicardoSantos, oh ok thank. Thanks for letting me know.
Phản hồi
stockspy stockspy
@stockspy, I really like the script and enjoy many of your stuff
Phản hồi
stockspy RicardoSantos
@RicardoSantos, I really like the script and enjoy many of your stuff
+1 Phản hồi
Interesting projection approach, I'm currently studying lot's of Gann research. If you'r interesting here are some interesting readings:
http://www.tradingfives.com/addenda.html

An interesting book:
http://www.amazon.com/The-Square-Spiral-Trevor-Casey/dp/1921681438

Cheers for your work Ricardo!
+1 Phản hồi
RicardoSantos xel_arjona
thx, will take a look when i got some time.
Phản hồi
Hi Ricardo
Thanks a lot for this amazing indicator.
Could you please add the option that the lines never end ?
Many time they stop when their TF are finished but later the price action is still responding to the anterior fan.. Would be great to get the line from the previous fan visible..
Thanks a lot in advance for this update !
This one a real awesome indicator..
Phản hồi
Is it possible to add an alert for when a new fan starts?
Phản hồi
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