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    9 - Indicador de Canais Foi

    Uploaded by

    bicolorfifeiro88
    This study draws zig zag channels on a price chart. It identifies swing highs and lows over a specified number of bars and connects them with lines. It can extend the last channel to the last bar and show extensions above and below the channels. Users can configure options like channel color, and displaying labels and extensions.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    9 - Indicador de Canais Foi

    Uploaded by

    bicolorfifeiro88
    148 views3 pages
    This study draws zig zag channels on a price chart. It identifies swing highs and lows over a specified number of bars and connects them with lines. It can extend the last channel to the last bar and show extensions above and below the channels. Users can configure options like channel color, and displaying labels and extensions.

    Original Title

    9- indicador de canais foi

    Copyright

    © © All Rights Reserved

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    TXT, PDF, TXT or read online from Scribd

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    This study draws zig zag channels on a price chart. It identifies swing highs and lows over a specified number of bars and connects them with lines. It can extend the last channel to the last bar and show extensions above and below the channels. Users can configure options like channel color, and displaying labels and extensions.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    148 views3 pages

    9 - Indicador de Canais Foi

    Uploaded by

    bicolorfifeiro88
    This study draws zig zag channels on a price chart. It identifies swing highs and lows over a specified number of bars and connects them with lines. It can extend the last channel to the last bar and show extensions above and below the channels. Users can configure options like channel color, and displaying labels and extensions.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 3

    // This work is licensed under a Attribution-NonCommercial-ShareAlike 4.

    0
    International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/
    // © LuxAlgo

    //@version=4
    study("Zig Zag Channels
    [LUX]",overlay=true,max_bars_back=5000,max_lines_count=500,max_labels_count=500)
    //------------------------------------------------------------------------------
    length = input(100)
    extend = input(true,'Extend To Last Bar')
    show_ext = input(true,'Show Extremities')
    show_labels = input(true,'Show Labels')

    //Style

    upcol = input(#ff1100,'Upper Extremity Color',group='Style')


    midcol = input(#ff5d00,'Zig Zag Color',group='Style')
    dncol = input(#2157f3,'Lower Extremity Color',group='Style')
    //------------------------------------------------------------------------------
    os = 0
    src = close
    n = bar_index
    var float valtop = na
    var float valbtm = na

    //------------------------------------------------------------------------------
    upper = highest(src,length)
    lower = lowest(src,length)
    os := src[length] > upper ? 0 : src[length] < lower ? 1 : os[1]

    btm = os == 1 and os[1] != 1


    top = os == 0 and os[1] != 0

    //------------------------------------------------------------------------------
    btm_n = valuewhen(btm,n,0)
    top_n = valuewhen(top,n,0)
    len = abs(btm_n - top_n)

    if btm
    max_diff_up = 0.
    max_diff_dn = 0.
    valbtm := low[length]

    for i = 0 to len-1
    point = low[length] + i/(len-1)*(valtop - low[length])
    max_diff_up := max(max(src[length+i],open[length+i]) - point,max_diff_up)
    max_diff_dn := max(point - min(src[length+i],open[length+i]),max_diff_dn)

    line.new(n[len+length],valtop,n[length],low[length],color=midcol)

    if show_ext
    line.new(n[len+length],valtop+max_diff_up,n[length],low[length]+max_diff_up
    ,color=upcol,style=line.style_dotted)
    line.new(n[len+length],valtop-max_diff_dn,n[length],low[length]-max_diff_dn
    ,color=dncol,style=line.style_dotted)
    if show_labels

    label.new(n[length],low[length],tostring(low[length],'#.####'),color=#00000000
    ,style=label.style_label_up,textcolor=dncol,textalign=text.align_left,siz
    e=size.small)

    if top
    max_diff_up = 0.
    max_diff_dn = 0.
    valtop := high[length]

    for i = 0 to len-1
    point = high[length] + i/(len-1)*(valbtm - high[length])
    max_diff_up := max(max(src[length+i],open[length+i]) - point,max_diff_up)
    max_diff_dn := max(point - min(src[length+i],open[length+i]),max_diff_dn)

    line.new(n[len+length],valbtm,n[length],high[length],color=midcol)

    if show_ext
    line.new(n[len+length],valbtm+max_diff_up,n[length],high[length]
    +max_diff_up
    ,color=upcol,style=line.style_dotted)
    line.new(n[len+length],valbtm-max_diff_dn,n[length],high[length]-
    max_diff_dn
    ,color=dncol,style=line.style_dotted)
    if show_labels

    label.new(n[length],high[length],tostring(high[length],'#.####'),color=#00000000
    ,style=label.style_label_down,textcolor=upcol,textalign=text.align_left,s
    ize=size.small)

    if barstate.islast and extend


    max_diff_up = 0.
    max_diff_dn = 0.
    x1 = 0
    y1 = 0.

    if os == 1
    x1 := btm_n-length
    y1 := valbtm

    for i = 0 to n-btm_n+length-1
    point = src + i/(n-btm_n+length-1)*(valbtm - src)
    max_diff_up := max(max(src[i],open[i]) - point,max_diff_up)
    max_diff_dn := max(point - min(src[i],open[i]),max_diff_dn)

    else
    x1 := top_n-length
    y1 := valtop

    for i = 0 to n-top_n+length-1
    point = src + i/(n-top_n+length-1)*(valtop - src)
    max_diff_up := max(max(src[i],open[i]) - point,max_diff_up)
    max_diff_dn := max(point - min(src[i],open[i]),max_diff_dn)

    line.delete(line.new(x1,y1,n,src,color=midcol,extend=extend.right)[1])

    if show_ext
    line.delete(line.new(x1,y1+max_diff_up,n,src+max_diff_up
    ,color=upcol,style=line.style_dotted,extend=extend.right)[1])
    line.delete(line.new(x1,y1-max_diff_dn,n,src-max_diff_dn
    ,color=dncol,style=line.style_dotted,extend=extend.right)[1])
    //------------------------------------------------------------------------------
    plot(btm ? low[length] : top ? high[length] : na,'Circles'
    ,color = btm ? dncol : upcol
    ,style=plot.style_circles
    ,offset=-length)

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