Displaying ZigZag Indicators from Multiple Timeframes

Summary

This indicator description explains how to display four ZigZag series from different timeframes—hourly, four-hour, daily, and weekly—together on one chart. The chart should use the shortest of those timeframes for the display to align correctly. The author highlights checks in the calculation routine that help avoid flat sections near extrema when projecting higher-timeframe indicators onto the current chart.

The indicator uses a modifiable ZigZag implementation, with its settings contained in the indicator function and external parameters. Adjustments for timeframe-specific settings require additional work. The description notes that similar functionality exists in another indicator, but presents this one as a demonstration of the multi-timeframe display algorithm. It explains visualization and implementation constraints, but supplies no trading rules, performance evidence, or evaluation of whether the displayed turning points are predictive.

Key ideas

• The indicator overlays hourly, four-hour, daily, and weekly ZigZag series on one chart.
• The chart must use the shortest displayed timeframe for correct rendering.
• Checks around extrema help prevent flat artifacts when projecting other timeframes.
• The underlying ZigZag implementation can be replaced by changing its parameters and calculation function.
• The document describes charting behavior, not a tested trading strategy.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.