AutoWave for ThinkorSwim

If the goal is to match QCharts AutoWave ZigZag functionality, then this is the only ThinkScript indicator for ThinkorSwim that does it.

AutoWave ZigZag for ThinkorSwim

Often requested, but never duplicated—until now!

This indicator duplicates the AutoWave ZigZag feature from QCharts.

Fun with ThinkScript: AutoWave

But ThinkorSwim already has a ZigZag indicator.

Yes, it does; and it can get close to matching the QCharts AutoWave, but it cannot duplicate it. Take a look at the video below. After experimenting a great deal with the settings, the ZigZagHighLow can be made to closely match the AutoWave.

Everything looks great until the chart is scrolled back, or the symbol is changed, or the time-frame is changed. The ZigZagHighLow settings must be adjusted for each ticker symbol and every change made to the chart.



If the goal is to match QCharts AutoWave ZigZag functionality, then this is the only ThinkScript indicator for ThinkorSwim that does it.

Fun with ThinkScript: AutoWave

The location and color of the price change labels may be adjusted from within the script settings panel.

Fun with ThinkScript: AutoWave

Fun with ThinkScript: AutoWave