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Date/Time: Wed, 14 May 2025 10:09:30 +0000



[User Discussion] - Zig Zag request (reversal amount)

View Count: 3821

[2016-01-16 20:07:09]
rhovega - Posts: 279
Hi,

Two suggestions for you to consider adding to the Zig Zag study that would be enormously helpful:

1) Alllowing "Reversal Amount for Calculation Mode 2,3" to make reference to a study. Thus, the user could make reference for example to ATR, normalizing the reversal amount by a standard measure applicable across instruments. That would enable the user to make the same Zig Zag study applicable across instruments. For example, using a reversal amount of "5" for a Zig Zag applied to ES is useless if applied to ZB or CL. The end result is having to keep different Study Collections for every instrument whenever Zig Zag is part of the Study Collection. Another big benefit would be making the reversal amount a dynamic measure.

2) Enabling an option to make Higher Highs / Lower Lows only on strict inequalities. For example right now (using method 2), if a reversal price is equal to a prior Higher Low / Lower High, then the study will label such reversal price as a new Higher High / Lower Low, rather than another Higher Low / Lower High. That would be very useful and seemingly easy to implement.

Thank you.
[2016-01-29 06:15:13]
TechTrader - Posts: 116
ZIG ZAG Study Request

In Settings and Inputs 'Input Data for High' and 'Input Data for Low' the option of OC Avg (Open/Close Average).

Thanks
[2016-01-29 07:27:39]
Outlander - Posts: 91
+1
[2016-01-30 07:56:10]
sigmadict - Posts: 95
+1
[2016-01-30 14:31:45]
User380760 - Posts: 88
+1
[2016-04-10 15:20:49]
phaedonk - Posts: 352
+1 for the initial request
[2016-04-10 15:24:23]
rhovega - Posts: 279
This is actually not that difficult to do. Have modded the ZZ study and have it available for sharing if anyone wants it and SC is OK with me posting it. Mind it is a simplified version of the study, as I stripped off all volume accumulation features. By "it" I mean added a fourth ZZ method which is the same as #2 but using ATR multiples rather than points as input.
Date Time Of Last Edit: 2016-04-10 15:26:31
[2016-04-10 15:27:06]
phaedonk - Posts: 352
I don't care about volume so it will be fine. Thank you!
[2016-04-10 15:27:54]
rhovega - Posts: 279
@Sierra Team, is it OK to share a modified version of one of your studies? (the ZZ study)
[2016-04-10 15:31:14]
phaedonk - Posts: 352
For some reason, the thread is classified as user discussion, so doubt they will check here. Maybe that's why they haven't answered your original request. But don't see why they would have a problem.
[2016-04-10 15:36:08]
rhovega - Posts: 279
SC labeled it as user discussion ex-post because they are not accepting user requests any longer, as stated in one of the stickies at the top of the board. Can you please ask them it is OK to share? It should be, but I rather err in the side of caution.
Date Time Of Last Edit: 2016-04-10 15:36:47
[2016-04-10 18:58:05]
Sierra Chart Engineering - Posts: 104368
Have modded the ZZ study and have it available for sharing if anyone wants it and SC is OK with me posting it.
Yes of course. You do not need to ask.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
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[2016-04-11 19:25:46]
rhovega - Posts: 279
Attached
attachmentZigZag_RhoVegaMod.cpp - Attached On 2016-04-11 19:25:11 UTC - Size: 18.8 KB - 567 views
Private File
[2016-04-12 15:26:06]
U_winks - Posts: 190
Thank you very much for sharing your modified ZZ study, User666666.. :)

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