Recursive Zigzag

12 thg 6, 2022

DO NOT USE THIS FOR TRADING. I am just showing off my new found recipe for pattern recognition ;)

This script generates recursive zigzags till there are only 2 pivots. So, the logic goes like this.

Level1 - Standard zigzag calculated from user input of length and max pivots using OHLC values
Level2 - Multi level zigzag calculated on the basis of level1 pivots.
Level3 - Multi level zigzag calculated on the basis of level2 pivots
..
..
..
Level(n) - Multi level zigzag calculated on the basis of level(n-1) pivots and number of derived pivots is 3 or less.

Ability to generate multi level zigzags were explored earlier in many scripts. But, they were just single level up from base and not fully recursive as this. This can be powerful piece of code for pattern recognition algorithms - will be exploring how useful these are going forward.

13 thg 6, 2022

Phát hành các Ghi chú

Made few corrections. Plus added option for better visualisation.

23 thg 6, 2022

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Update libraries

25 thg 6, 2022

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Updated zigzag library version

2 thg 12, 2022

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Update to latest rZigzag library

4 thg 12, 2022

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Updated library version.
Added option to use only confirmed bars.

4 thg 12, 2022

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Hopefully last update for today :)