LTB Zigzag Circles

2021년 5월 8일

Hello All,

Today I am here with a new idea and script, "LTB Zigzag Circles". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period as you wish and see the different results.

Here you can see how the script calculates and draws the Circles:


Below you can see how the script draws part of the circle on each bar:


Optionally the script can show levels:



P.S. I haven't tested it as a strategy, Result and Performance may change by Zigzag period, you need to find best Zigzag period according to your strategy. By the way, my Zigzag Circles idea can be improved, if you have any recommendation let me know please ;)


Enjoy!

2021년 5월 8일

릴리즈 노트

Added Alerts :)

2021년 9월 20일

릴리즈 노트

used round_to_mintick() function

2021년 10월 5일

릴리즈 노트

improved