Program 29 | Zig zag predictor (using the TradeStation vector class)

Program 29 is a TradeStation EasyLanguage ShowMe study developed in TradeStation 9.0. It uses historic horizontal zig zag moves (measured in numbers of bars) to attempt to predict future zig zag turning points.

Program 29 applied to 3 minute @YM

The program uses TradeStation’s new vector class and you may be interested to see how this feature can be useful in this sort of program. The Vector class allows you to create a collection of data elements referenced by an index. Data elements may be inserted, read, and deleted from anywhere within the collection. In this program I insert new elements at the zero position and the index of all the current items after that index are automatically increased by one. I then reduce the size of the vector to make sure it stays within a user input size.

The program may be useful for you if you are interested in working with zig-zag patterns or learning more about the TradeStation vector class.

How the program works

The program works by calculating and storing the length of each horizontal zig zag move, either up or down. In the case of up moves, it then averages the last up moves in terms of the number of bars over which they took place (the number depends on the user input: NumZigZagsInVector , so, for example, if NumZigZagsInVector were set to 1, only the last up move would be used. If it were set to 2 the last two up moves would be averaged. Then, when a new bottom zig zag pivot is confirmed this average is added to the bar number of the bottom zig zag pivot and the result stored in an array of potential bars where potential zig zag bottom pivots may occur.

If the user input NumZigZagsInVector is set to 3, program 29 would take the number of bars in UP1, UP 2 an UP 3, find the average and then add the result to Bar Number (once that lower ZIg Zag pivot was confirmed) and then store the results in an array for potential top zig zag turning points

Similarly for down moves, the program averages the last down moves in terms of the number of bars over which they took place (the number depends on the user input: NumZigZagsInVector , so, for example, if NumZigZagsInVector were set to 1, only the last down move would be used. If it were set to 2 the last two down moves would be averaged. Then, when a new top zig zag pivot is confirmed this average is added to the bar number of the top zig zag pivot and the result stored in an array of potential bars where potential zig zag top pivots may occur.

The size of both the potential top pivots and potential bottom pivots arrays is controlled by the SizeFutureVector user input. For each new bar the program loops through these arrays to see if the bar number if included. If it is a vertical line is drawn. The color of the lines is controlled the TopLine and BottomLine user inputs.

Program 26 functionality

Program 29 includes the functionality created in program 26, i.e. calculates zig-zag patterns and calculates the difference between each high and the next low, and the difference between each low and the next high. The values are ‘drawn’ on the chart to the appropriate number of decimal places. The user can change the color of the zig zag lines and the text.  The program also compares each downward zig zag with the previous downward zig zag. If the new downward zig zag is within a user defined tolerance of the previous downward zig zag, the thickness of the current downward zig zag is increased to a user defined value. Similarly, if the new upward zig zag is within a user defined tolerance of the previous upward zig zag, the thickness of the current upward zig zag is increased to a user defined value. This provides a visual cue the ‘matching’ zig zag lengths have occurred.

This UNPROTECTED program (i.e. the TradeStation EasyLanguage show me study) is available for immediate download for $64.95 by clicking the ‘add to cart’ button to pay using Credit card or PayPal.

The programs were developed in TradeStation 9.0 and work on intraday, daily, weekly, and monthly charts. The show me study may be applied to tick charts, but the pattern text may not display correctly due to an EasyLanguage drawing tool limitations, particularly for lower tick values.

If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off this price.

Video demonstration of program 29

User inputs

RetracePerc( 0.2 ), // Percentage above running pivot that pivot must be formed to start a new zig zag
Tolerance( 10 ), // Percentage tolerance calculating a range above and below last change
ZigZagColUp( Cyan ), // Color of up zig zag line
ZigZagColDn( Magenta ), // Color of up zig zag line
ColorOfText( Lightgray ), // Color of number label
TopLine( Red ), // Color of lines projected from top zig zag turning points
BottomLine( Green ), // Color of lines projected from bottom zig zag turning points
LineThickness( 3 ), // Thickness of line if new zig zag is within Tolerance of previous zig zag in same direction and vertical lines
NumZigZagsInVector( 3 ), // The number of zig zags that will be used to average the zig zag move
SizeFutureVector( 30 ); // The maximum number of potential turning points stored in a vector

TO THE BEST OF MARKPLEX CORPORATION’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK.

ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.

This UNPROTECTED program (i.e. the TradeStation EasyLanguage show me study) is available for immediate download for $64.95 by clicking the ‘add to cart’ button to pay using Credit card or PayPal.

The programs were developed in TradeStation 9.0 and work on intraday, daily, weekly, and monthly charts. The show me study may be applied to tick charts, but the pattern text may not display correctly due to an EasyLanguage drawing tool limitations, particularly for lower tick values. This program is not compatible with Multicharts.

If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off this price.

Disclaimer The information, materials, products and services on this Web site are made available subject to the following terms and conditions. Markplex Corporation reserves the right to change these terms and conditions at its sole discretion. This Web site and any downloads, videos, tutorials, programs and information contained herein is presented solely for educational, informational, and/or entertainment use and under no circumstances should be used for actual trading. We at Markplex Corporation are not Broker/Dealers, Financial Advisers or Registered Analysts. No offer or solicitation to buy or sell securities, securities derivatives, futures products or off-exchange foreign currency (forex) transactions of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by Markplex Corporation. You are fully responsible for any investment or trading decisions you make. Futures and options trading has a large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. This Web site is neither a solicitation nor an offer to buy and/or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. No warranties of profitability are being made or given. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options futures or forex); therefore, you should not invest or risk money that you cannot afford to lose. CFTC RULE 4.41 - Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Screen shots on this site are examples and are not meant to imply that any of the programs or tutorials available on this Web site will generate profitable trades. EasyLanguage or PowerLanguage trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions (and parts thereof) and associated techniques referred to, included in or attached to this tutorial or program description are examples only, and have been included solely for educational, informational, and entertainment use. Markplex Corporation does not recommend that you use any such trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions (or any parts thereof) or techniques. The use of any such trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions and techniques does not guarantee that you will make profits, increase profits, or minimize losses. Markplex Corporation assumes no liability for any damages, direct or otherwise, resulting from the use of this information and/or program(s) described, and no warranty is made regarding its accuracy or completeness. Use of this Web site including the information, tutorials and/or programs included on it is at your own risk. You shall indemnify and hold Markplex Corporation harmless from any and all liability, loss, trading losses, costs, damage, or expense, including attorneys' fees you or third party may suffer (other than damage to your tangible property or injuries to employees occurring during the course of work) as a result of claims, demands, costs, or judgments arising out of third party and any other claims based on Markplex Corporation's performance, including, but not limited to losses resulting from the use of Markplex Corporation developed software, programs, web sites, tutorials, or the TradeStation charting and/or trading platform. Any testimonials on this Web site may not be representative of the experience of other clients and are not indicative of future results or success.
This Web site contains or may contain references and links to other companies and/or their Web sites, none of which is under the control of Markplex Corporation. Markplex Corporation makes no representations, warranties or endorsements whatsoever about any other Web sites to which you may have access through the Markplex Corporation Web site, or any products or services of those other companies, even if the products or services of those other companies or their Web sites are described or offered on the Markplex Corporation Web site or integrated with Markplex Corporation's products or services. TradeStation®, EasyLanguage® and PowerEditor® are registered trademarks of TradeStation Technologies, Inc. Other brand and product names which appear on this site are the trademarks or service marks of their respective owners, including: Microsoft® is a registered trademark in the United States Microsoft®Excel® is a registered trademark of Microsoft® Neither TradeStation Technologies nor any of its affiliates has reviewed, certified, endorsed, approved, disapproved or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any product or service that offers training, education or consulting regarding the use of EasyLanguage.

By continuing to use and navigate our sites, services, applications, tools or messaging, you are agreeing to our Terms and Conditions and the use of cookies, web beacons and similar technologies as described in our Privacy Policy and Privacy Policy on the use of cookies.