rSign of ZigZag indicator flipped

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rSign of ZigZag indicator flipped #480536 06/13/20 16:21 06/13/20 16:21
Joined: May 2020 Posts: 27 Germany M Morris OP Newbie
Morris OP Newbie M Joined: May 2020 Posts: 27 Germany	This might also be a documentation issue -- either way, it appears to me that the rSign variable generated by ZigZag() has the wrong sign. From the online manual for ZigZag(): Quote Returned: rSlope (the slope of the last identified line; upwards lines have a positive slope, downwards lines a negative slope); rPeak (the bar offset of the last identified peak); rSign (1 if the last peak was a top, -1 if the last peak was a bottom); rLength (the number of bars of the last zig or zag that ends with rPeak) Unless I misinterpret this, rSlope and rSign should always have the same sign; however, they have opposite signs (in Zorro S 2.25), and rSign appears to contain -1 for a prior top, and 1 for a prior peak. rSlope appears correct. I assume this could be fixed by changing either the documentation (for backwards compatibility) or the implementation...

Re: rSign of ZigZag indicator flipped [Re: Morris] #480563 06/15/20 14:17 06/15/20 14:17
Joined: Jul 2000 Posts: 28,024 Frankfurt jcl Chief Engineer
jcl Chief Engineer Joined: Jul 2000 Posts: 28,024 Frankfurt	I would interpret it so that rSlope and rSign have a different sign. If the last peak was a top, then rSign is 1, and rSlope is negative because the slope goes downwards from a top.

Re: rSign of ZigZag indicator flipped [Re: jcl] #480566 06/15/20 17:52 06/15/20 17:52
Joined: May 2020 Posts: 27 Germany M Morris OP Newbie
Morris OP Newbie M Joined: May 2020 Posts: 27 Germany	Well, I understand one could interpret it that way -- only, that's not what rSign actually does :-) Code void run() { StartDate = 2016; EndDate = 2016; BarPeriod = 1440; ZigZag(series(price()), 150*PIP, 1, DARKGREEN); plot("rSign", rSign, NEW, RED); } Yields the attached result. It appears that as soon as rSign recognizes that a new leg is being formed, it assumes -1 for a prior top and 1 for a prior bottom (as seen by the length of the legs in the image, and by the last value for rSign)... In any case. Not a big deal, one just has to be aware of it either way. Attached Files

Re: rSign of ZigZag indicator flipped [Re: Morris] #480580 06/17/20 09:28 06/17/20 09:28
Joined: Jul 2000 Posts: 28,024 Frankfurt jcl Chief Engineer
jcl Chief Engineer Joined: Jul 2000 Posts: 28,024 Frankfurt	Ok, we'll check what rSign really does and will make the documentation more clear.

Re: rSign of ZigZag indicator flipped [Re: Morris] #480602 06/17/20 16:33 06/17/20 16:33
Joined: May 2020 Posts: 27 Germany M Morris OP Newbie
Morris OP Newbie M Joined: May 2020 Posts: 27 Germany	Thank you!

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