I would like to program indicator similar to this one: ZigZag with Its Own "Channel",but instead of channel lines ends in ZIGZAG tops/bottoms, they should follow until price breakout/touches this line.
Here is an example of such an indicator:
I can see some issues regarding such an indicator, due to a ZIGZAG redrawing, but at first idea would help me.
Please if you have any idea, what could be a way to do it, let me know.
Thank you very much
Till now I just found this solution:
ZIGZAG Channel Breakout indicator
Displayed chart currently contains three attached indicators (all the same) with different configuration.
Dots should diplay S/R levels comming from ZIGZAG tops and bottoms connections.
Indicator can be configured to show S/R levels comming from ZIGZAG connections of last and one of the previous three tops/bottoms
Here all three are used. Hope description is understandable.
If anyone has comment/idea regarding this topic, please let us know.
Definitely ideas are welcome, but thank you for an offer. I would like to share know-how here, because we are on a forum.
Let's have a-go, ok?
Made some mods, see attached.
Is no way near anything BUT may stimulate the grey-cells, yes?
PM if want to.
I am extremely interested in what you have started. I need this - is something which can use now and also the indicator, once made should be friendly enough to mod for my 'ultimate solution'.
So, yes - am keen to see this one through ;)
Note that my 1st mods are just that 'first' and not meant to push in one direction - just get some grey cells firing I hope.
Back to the books... but yes, looks to have many ()'s + ideas to hijack :)
I've thot of way to do but nothing so clever as this article. Whatever, it would seem 'the answer is out there'
So somthing like this:
I like this brainstormig :-)
I would say YES. Your solution looks interesting, but ZIGZAG points not stabilised yet (in ZIGZAG indicator these are stored in HighMapBuffer and LowMapBuffer) should not be used.
In my scripts I used to confirm them with condition: ZigzagBuffer[i] > 0.0
Then we have just already valid ZIGZAG points for this indicator to draw a lines.
hi everybody.i want to know how can i get ZIGZAG Channel breakout indicator.?can you help me?