Zig Zag Retracement - aflcode.com | Latest collection of Amibroker afl 2023

Zig Zag Retracement
//www.aflcode.com
_SECTION_BEGIN("ZigZag Retracement");
function GetXSupport(Lo, Percentage, Back)
{
 return ((BarCount - 1) - LastValue(TroughBars(Lo, Percentage,Back)));
}
function GetYSupport(Lo, Percentage, Back)
{
 return (LastValue(Trough(Lo, Percentage, back)));
}

function GetXResistance(Hi, Percentage, Back)
{
 return ((BarCount - 1) -LastValue(PeakBars(Hi, Percentage, Back)));
}
function GetYResistance(Hi, Percentage, Back)
{
 return (LastValue(Peak(Hi, Percentage, Back)));
}

//////////////////////////////////////////////////////////////////
Per = Param("Period", .618, .1, 20, .001);
Period = Param("Look back", 10, 1, BarCount-1);
ShowRet = ParamToggle("Show Retracement values", "No|Yes",1);
Price = ParamList("Price to follow:", "Close|High|Low", 1);
if(Price=="Close") ZigP = Zig(C, per);
else if(Price=="High") ZigP = Zig(H, per);
else ZigP = Zig(L, per);

//////////////////////////////////////////////////////////////////
Plot(C, "", IIf(O>=C, colorDarkRed, colorDarkGreen), ParamStyle("Price Style",styleCandle,maskPrice));
Plot(ZigP, "Zig", colorGold, styleThick);
//////////////////////////////////////////////////////////////////

xs1 = GetXSupport(ZigP, .01, 1);
xr1 = GetXResistance(ZigP, .01, 1);
ys1 = GetYSupport(ZigP, .01, 1);
yr1 = GetYResistance(ZigP, .01, 1);

if(xs1 < xr1)
{
 x = LineArray(xs1, ys1, BarCount - 1, LastValue(ZigP));
 Down = (yr1 - LastValue(ZigP)) / (yr1 - ys1);
 DnBars = BarCount - 1 - xr1;
 Plot(x, "", colorRed, styleDots);
 PlotText(StrFormat("%.3f (%.0f)", Down, DnBars), (xs1 + BarCount -1)/2, (ys1+LastValue(ZigP))/2, colorWhite);
}
else
{
 x = LineArray(xr1, yr1, BarCount - 1, LastValue(ZigP));
 Up = (LastValue(ZigP) - ys1) / (yr1 - ys1);
 UpBars = BarCount - 1 - xs1;
 Plot(x, "", colorRed, styleDots);
 PlotText(StrFormat("%.3f (%.0f)", Up, UpBars), (xr1 + BarCount -1)/2, (yr1+LastValue(ZigP))/2, colorWhite);
}
Plot( 1, "", IIf( xs1 > xr1, colorGreen, colorRed),styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );
if(ShowRet)
for(i=2; i<=Period+1; i++)
{
 xs0 = GetXSupport(ZigP, .01, i);
 xs1 = GetXSupport(ZigP, .01, i-1);
 ys0 = GetYSupport(ZigP, .01, i);
 ys1 = GetYSupport(ZigP, .01, i-1);

 xr0 = GetXResistance(ZigP, .01, i);
 xr1 = GetXResistance(ZigP, .01, i-1);
 yr0 = GetYResistance(ZigP, .01, i);
 yr1 = GetYResistance(ZigP, .01, i-1);

 xs = LineArray(xs0, ys0, xs1, ys1, 0);
 Plot(xs, "", colorLightBlue, styleLine);
 xr = LineArray(xr0, yr0, xr1, yr1, 0);
 Plot(xr, "",  colorLightBlue, styleLine);
 if(xs1 < xr1)
 {
  Up = (yr1 - ys1) / (yr0 - ys1);
  Down = (yr0 - ys1) / (yr0 - ys0);
  UpBars = xr1 - xs1;
  DnBars = xs1 - xr0;
 }
 else
 {
  Up = (yr1 - ys0) / (yr0 - ys0);
  Down = (yr1 - ys1) / (yr1 - ys0);
  UpBars = xr1 - xs0;
  DnBars = xs1 - xr1;
 }
 PlotText(StrFormat("%.3f (%.0f)", Up, UpBars), (xr1 + xr0)/2, (yr1+yr0)/2, colorWhite);
 PlotText(StrFormat("%.3f (%.0f)", Down, DnBars), (xs1 + xs0)/2, (ys1+ys0)/2, colorWhite);
 //Plot(LineArray(xs0, ys0, BarCount-1, ys0), "", colorGreen, styleDashed);
 //Plot(LineArray(xr0, yr0, BarCount-1, yr0), "", colorRed, styleDashed);

}

str = StrFormat("   (Bars to END=%.0f)\n", BarCount - 1 - BarIndex());
Title =FullName()+" ("+Name()+") - "+Date()+" - Open: "+O+", Hi: "+H+", Lo: "+L+", Close: "+C+StrFormat(" (%.2f  %.2f%%)", C-Ref(C, -1), SelectedValue(ROC(C, 1)))+str;
WriteIf(1, "\nNote Fibonacci numbers:\nPrimary numbers: 0.618, 0.786, 1.27 and 1.618","");
WriteIf(1, "Secondary numbers: 0.382, 0.50, 1.00, 2.00, 2.24, 2.618 and 3.14","");


_SECTION_END();