OPEN-SOURCE SCRIPT
已更新 Zig Zag/Consecutive Bars [UkutaLabs]
█ OVERVIEW
The Zig Zag/Consecutive Bars indicator is a powerful trading tool that helps to visualise the flow of the market. This indicator allows users to see at a glance when a candle closes at a new high or a new low, which can be incorporated into a variety of trading strategies to better understand points of reversal and consolidation.
This indicator also displays the RSI score of each pivot, as well as a trailing count of how many bars it has been since there was a new high/low.
█ USAGE
As each bar finishes, the script will check if it closed above or below the previous bar’s high or low, depending on the current trend direction. When a new high or low is set, the script will then look for a move in the other direction. This can be a powerful tool that can identify when the market is trending strongly, as well as identifying when the market has a weak or no trend.
At each pivot point, the RSI score is displayed. This serves as additional confirmation to how strong the trend is. The RSI labels can be turned off in the settings.
As each trend develops, the script will count and display the number of bars that have closed since the most recent pivot. These labels can be turned off in the settings.
█ SETTINGS
Configuration
• Show RSI Scores: Determines whether or not labels displaying RSI scores are drawn.
• Show Counter: Determines whether or not labels displaying the number of bars since the most recent pivot are drawn.
• Line Color: Determines the color of the Zig Zag line.
The Zig Zag/Consecutive Bars indicator is a powerful trading tool that helps to visualise the flow of the market. This indicator allows users to see at a glance when a candle closes at a new high or a new low, which can be incorporated into a variety of trading strategies to better understand points of reversal and consolidation.
This indicator also displays the RSI score of each pivot, as well as a trailing count of how many bars it has been since there was a new high/low.
█ USAGE
As each bar finishes, the script will check if it closed above or below the previous bar’s high or low, depending on the current trend direction. When a new high or low is set, the script will then look for a move in the other direction. This can be a powerful tool that can identify when the market is trending strongly, as well as identifying when the market has a weak or no trend.
At each pivot point, the RSI score is displayed. This serves as additional confirmation to how strong the trend is. The RSI labels can be turned off in the settings.
As each trend develops, the script will count and display the number of bars that have closed since the most recent pivot. These labels can be turned off in the settings.
█ SETTINGS
Configuration
• Show RSI Scores: Determines whether or not labels displaying RSI scores are drawn.
• Show Counter: Determines whether or not labels displaying the number of bars since the most recent pivot are drawn.
• Line Color: Determines the color of the Zig Zag line.
版本注释
- Fixed a small bug that caused the first bar of the count to be 0.版本注释
- Added a new setting: Change Bar Color. This setting will change the colors of bars depending on whether the zig zag last finished at a low or a high, regardless of whether the bar finished above or below its opening price.- Added a new setting: Bullish Color. This setting determines the color of bars in a bullish trend when the Change Bar Color setting is toggled.
- Added a new setting: Bearish Color. This setting determines the color of bars in a bearish trend when the Change Bar color setting is toggled.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。