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How to count the number of peak or trough for a specific period? ibm has three peaks and two troughs for the previous 25 bars
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Would PeakBars() and TroughBars() work?
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Rank: Advanced Member
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no not the peakbar or troughbar but counting the number of pivots make using the zigzag for the previous 25 bars
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Rank: Advanced Member
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NOT number of bars from one peak to another peak
there may be 6 bars from one peak to another but there are just two peak/pivot
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First off, you have to define what a peak and trough is. We can use the Zig() function only if we understand its limitations, and hence we can also use some forward referencing too (it makes things a little nicer). After defining the events, its a simple matter to count them; Code:
lookback:=25;
zz:=Zig(C,5,%);
ch:=ROC(zz,1,$);
pk:=ch>0 AND Ref(ch<0,+1);
tr:=ch<0 AND Ref(ch>0,+1);
{plot}
sum(pk,lookback);
-sum(tr,lookback);
wabbit [:D]
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Rank: Advanced Member
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hi wabbit how to determine if the most recent VALID zizag pivot is a peak or trough? Because u know that zigzag is dynamic. Wanted to get the indicator to plot 1 for most recent valid zigzag pivot is peak and -1 for most recent valid zigzag pivot is trough. Managed to define the pivot but how to differentiate whether the the most recent data has valid peak or trough
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Rank: Advanced Member
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There has been a lot already written on the forum, including all the code you need to determine the validity of the Zig(). Search for work by Spyros Raftopoulos.
wabbit [:D]
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Rank: Advanced Member
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Hi Wabbit,
Know the code for zigzag validity but wanted to determine the most recent zigzag pivot is a peak or trough
The zigzag validity code does not differentiate whether the most recent zigzag pivot is peak or trough
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Rank: Advanced Member
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How about something like:
a1:=(C<Ref(C,-2))*(Ref(C,-2)>Ref(C,-4));
{----------------------------------}
count:=Cum(1);
reset:=a1;
counter:=count - ValueWhen(1,reset,count);
{----------------------------------}
b1:=(counter=0)*(Ref(counter,-1)>0);
b2:=Sum(b1,25);
b2
PS(I didn't test it)
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Rank: Newbie
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Hello,
I find this indicator: { Signal/Value accumulator v2.0
Accumulates & resets values between signals.
http://www.metastocktools.com }
{ Start count signal }
start:=TroughBars(1,C,5)=0;
{ End count signal }
end:=PeakBars(1,C,5)=0;
{ Value to accumulate - Volume }
value:=V;
{ Indicator output choice }
plot:=Input("plot: [1]Accumulation, [2]Signals",1,2,1);
{ Remove redundant interim start/end signals }
init:=Cum(IsDefined(start+end))=1;
flag:=ValueWhen(1,start-end<>0 OR init,start);
start:=flag*(Alert(flag=0,2)
OR start*Cum(start)=1);
end:=(flag=0)*(Alert(flag,2)
OR end*Cum(end)=1);
{ Accumulate values }
acc:=Cum(flag*value);
accVal:=acc-ValueWhen(1,end,acc);
{ Plot in own window }
If(plot=1,accVal,start-end)
Inside we have peak function. That mean the indicator can change is sinal next day ?
Ecureuil
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