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Auto ZZ SR Indicator

Auto ZZ SR Indicator

  • This indicator automatically draws trend lines using ZigZag top and bottom points. The more ZigZag tops/bottoms that are used, the greater the number of possible combinations. Therefore, the more possible trend lines can be drawn. And vice versa too. The fewer ZigZag tops/bottoms that are used, the lower the number of possible combinations. And therefore, the fewer the possible trend lines can be drawn. The indicator constantly updates the trend lines on the chart as the market progresses. The indicator will work on any type of account, account #, or chart. All settings are adjustable.


Settings:

  • # of ZZ Tops/Bottoms - The number of ZZ tops/bottoms in the past that will be used for drawing the trend lines. The higher this number, the higher the possible combinations will be considered. Which means the more support/resistance lines will be drawn.
  • Support Color - The color of the support trend lines.
  • Resistance Color - The color of the resistance trend lines.
  • ExtDepth, ExtDeviation, ExtBackstep - These are standard ZigZag indicator settings.


Notes:

  • The ZigZag indicator will not be shown by default. However, the ZigZag indicator can be drawn on the chart if you want. To do this, simply choose a color in the 'Color' tab.
  • IMPORTANT: Check out our site using the link in my profile to find other FREE indicators and EAs!

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PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
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Please contact me after purchase to immediately get your PDF strategy + documentation for Trend Pulse !  Introducing Trend Pulse , a unique and robust indicator capable of detecting bullish, bearish, and even ranging trends! Trend Pulse uses a special algorithm to filter out market noise with real precision. If the current symbol is moving sideways, Trend Pulse will send you a ranging signal, letting you know that it's not a good time to enter a trade. This excellent system makes Trend Pulse
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Version 1.10 2024.03.01
- Removed an unnecessary input for deleting lines.
- Changed input names to be more user-friendly and readable.
- Misc. small changes for increased performance.
- Other small changes not worth detailing.