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

PS. I build these scripts for my personal use but publish them open source, as I believe the best way to improve is to learn together.
If you find value in these indicators or use them regularly, feel free to leave a little something in the tip-jar for my next coffee break! ;-)
BTC . 36w3n9oSJHork1q4BKi4VHXph7LHTMZhhm
Release Notes: Code cleanup.
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Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
A little tip is always nice!
BTC: 1G9xXYWSoxJR2ikkB7Px6RwBLC5pjHmwZD
http://paypal.me/jorisduyck
can u add alert to it
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Duyck gontashchuk
@gontashchuk, you can add an alertcondition for “turn_down” and “turn_up”.
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Repaint?
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Duyck dpanday
@dpanday, nope
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Is there a way to add alerts to this? It's excellent
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Can you write alerts for the arrows?
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russtic russtic
@russtic, actually I think I got it, price cross plot.
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russtic russtic
@russtic, actually that only works for shorts
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hello mate, do u offer service on translating MT4 EA into pine script strategy?
+1 Reply
Duyck ahmad_naquib
@ahmad_naquib, hi, i could look into it. PM me for more details please.
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