Swing High/Low and Zig Zag Indicators

[zoltran]

Christian
Would it be possible to share your comments to whitmark so others following this thread can be brought up to date?

[whitmark]

Hey Christian,

Got it and have replied in kind. Thanks for spearheading this development effort.

Regards,

Whitmark

[NinjaTrader_Christian]

Hi Mark !

I send you an e-mail with answers and explanations.

Kind regards,
Christian

[whitmark]

ZigZag Feedback

Hi Christian,

Thanks for your hard work on the ZigZag indicator. I suspect there will be many a happy camper when this get's tweaked out as the ZigZag indicator is a great tool for identifying market swings based on fixed retracements vs bar strength. I did install the indicator and noticed a few things outlined below:

1. As you can see in the attached exhibit, it doesn't look like the indicator is reaching the extreme highs/lows as I would have expected. I've also attached a zigzag from another non-TS platform I use that has a solid implementation of this indicator. You might also notice the use of different line colors for up, down, and "don't know yet" which is a very useful feature.
   -
   
2. When I first load the indicator I see 4 parameters, and select "Use high and low = True" but after I apply it, the price type disappears (see attached). Is this intended?
   -
3. I did not see any reference to the ZigZagHighBar or ZigZagLowBar dataseries on the indicator. Is this available yet?
   -
4. For extra credit, I've also shared an exhibit of a "right shifted" zigzag that is very useful since most traders are interested knowing the bars ago of the last occurence of a pivot point and not the first occurence within the same zig or zag of prices (see attached.) Perhaps a "Shift Same Pivot" parameter can be considered.

Don't hesitate to contact me directly if you have any questions on this or could use additional feedback. Thanks.

Regards,

Whitmark

[NinjaTrader_Christian]

Hello Whitmark !

While the current single series implementation might be useful when applied to single series indicator, it is not a typical application as commonly applied to a OHLC price series. I might suggest the introduction of an override "UseHighLow" parameter that can be set to "true" to apply the traditional high/low ZigZag display and set to "false" to elect the current implementation.

Thank you for the suggestion for the UseHighLow property. Attached is the new implementation of the ZigZag indicator, including your suggestion. Can you please check if this implementation hits your needs ?

Thank you and kind regards,
Christian

[NinjaTrader_Dierk]

a) We'll add the High/Low issue to our list. Christian will come back to you in case.
b) We have the data series issue on our list already. Thanks

[whitmark]

As the originator of the Zig Zag and Swing High/Low indicator request (not to assume it wasn't on your list in the first place ), I want to thank you for the quick turnaround to get these sophisticated indicators out the door.

In testing out the ZigZag, one significant issue I discovered was that the indicator was limited in its operation to single data series element (e.g., Close, High, Low, or Open) and not correctly alternating between bar Highs (zig) and bar Lows (zag) extremes.

Zig Zag - based on a fixed or percentage retracement amount relative to a high (low) bar, with a lookback period of y bars.

While the current single series implementation might be useful when applied to single series indicator, it is not a typical application as commonly applied to a OHLC price series. I might suggest the introduction of an override "UseHighLow" parameter that can be set to "true" to apply the traditional high/low ZigZag display and set to "false" to elect the current implementation.

I would also add, that unlike the Swing indicator, the ZigZag indicator does not yet supply a data series to determine the number of bars ago a ZigZag High or Low point occurred. These values are critical to any programmatic use of this indicator.

Thanks for your consideration of these enhancements. Keep up the great work!

Regards,

Whitmark

[richa61416]

thanks

Thanks for the indicators.

[rtrader]

ZigZag release

Many thanks for releasing the ZigZag. I can't seem to get it to pivot from the high of the bar on a swing high and the low of the bar on the swing low though - the options doesn't seem to support this. However, this is a small issue and I can fix it.

Great work!

[NinjaTrader_Dierk]

You may want to try latest custom build holding the swing indicator. Please:
- uninstall NT6 via control panel
- clear your browser cache
- install latest custom build from here: https://www.ninjatrader-support.com/...er.Install.msi

[richa61416]

Swing Indicators.

Hopefully this coming week.

I am inquiring about the same Swing indicators. I have seen them on other packages, looks like they can be useful. If you are not releasing this week, can you email them so I can add them manually.

[NinjaTrader_Ray]

Hopefully this coming week.

[PrTester]

Do you have any news or ETA for the indicators?

Regards

[NinjaTrader_Dierk]

>> Are are you saying a future(next) release will have them?
Yes

[shawnj]

Are you saying Ninjascript currently has SwingHigh and SwingLow functions? I cant fund them in the doco. Are are you saying a future(next) release will have them?