OPEN-SOURCE SCRIPT

Zigzag Candles MA

Updated
We have the candles here: Zigzag-Candles

Lets create moving average!!
Just simple moving average at the moment. Since, items are in array. Not so easy to use standard functions of pine. Hence, will take that for future enhancements.

ATR and Supertrend next!!
Release Notes
Removed unnecessary variables
Release Notes
Updated with few moving average options:

  • sma
  • ema
  • wma
  • zelma
  • hma


Moved to different overlay and added candles back for reference.
Release Notes
  • added method add_to_array to manage fixed size arrays
Release Notes
Convert to pine5
Candlestick AnalysishewhomustnotbenamedMoving AveragesZig Zag Indicatorzigzagmovingaverage

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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