Duyck

Zero Lag - ZigZag - JD

This is a alternative version of the well known "ZigZag indicator" but it uses turning points of the Jurik ma
instead of the traditional "pivot points" that are by definition lagging by a large lookback period, the (almost-) Zero Lag ZigZag lags by about 2 bars on average (depending on the candles forming)

The ZigZag pattern can be used to draw trendlines and S/R lines
It can also be used for "wave counting" in a way that reduces interpretation.

If you find other uses, please leave your ideas in the comments!

Shoutout to Everget for the awesome Jurik code!!

JD .

#NotTradingAdvice #DYOR
Release Notes: Code cleanup.
Release Notes: update to v4.
Remove from Favorite Scripts Add to Favorite Scripts
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!

Comments

hello mate, do u offer service on translating MT4 EA into pine script strategy?
+2 Reply
Duyck ahmad_naquib
@ahmad_naquib, hi, i could look into it. PM me for more details please.
Reply
Thanks, bro. Another good one!
Reply
Duyck Slippage1
@Slippage1, Thank you!

Gr, JD.
Reply
This is a wizardry script! I have not seen a zigzag script that's this effective, your script just made me to fall in love with zigzag again. Please, keep updating this script, it's very much effective. Thanks for sharing.
Reply
Duyck ilesanmipepsi
@ilesanmipepsi, Thx for the nice words!

Gr, JD.
Reply
is this helpful for scalping?
Reply
Duyck xadehshah
@xadehshah, can be yes, works on all timeframes.

of course never rely on only one indicator!!

always try to base your trade on the conversion of different factors!

Gr, JD.
Reply
thank you so much, your indicator is very accurate
Reply
Duyck marymartin722
@marymartin722, glad it helps!

Gr, JD.
Reply
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