ZigZag Pnts: Difference between revisions
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===Inputs=== | ===Inputs=== | ||
'''HighPivotPrice''' - price value indicating the pivot high | '''HighPivotPrice''' - price value indicating the pivot high<br> | ||
'''LowPivotPrice''' - price value indicating the pivot low | '''LowPivotPrice''' - price value indicating the pivot low<br> | ||
'''RetracePnts''' - minimum point difference between swing points to plot | '''RetracePnts''' - minimum point difference between swing points to plot<br> | ||
'''LineColor''' - trendlines’ color<br> | '''LineColor''' - trendlines’ color<br> | ||
Revision as of 14:21, 3 September 2021
The ZigZag Pnts indicator finds swing points that are at least some points defined by the RetracePnts input away from each other. A high swing point is where the price is higher than the previous or subsequent prices. A low swing point is where the price is lower than the previous or subsequent prices.
Inputs
HighPivotPrice - price value indicating the pivot high
LowPivotPrice - price value indicating the pivot low
RetracePnts - minimum point difference between swing points to plot
LineColor - trendlines’ color
LineWidth - trendlines’ thickness
Plot
Values are not plotted. The indicator plots lines connecting high and low swing points.
