Attached is one of my old indicators. It is a zigzag with GREEN AND RED COLORS DEPENDING ON THE CURRENT POSITION OF AN EMA CROSSOVER.
I have attached it inorder to illustrate what i mean by extra color.
In this new version of zigzag, i would like the zigzag to have prefarably 3 colors ( GREEN, RED AND GOLD )
Anytime an UPSWING IS ABOVE 200 % ( or specified % )of THE PIPS RANGE OF THE PRECEDING DOWNSWING,the indicator will show GREEN COLOR.
Anytime it is vice-versa,it will show RED COLOR.
ANYTIME A NEW SWING IS BELOW THE SPECIFIED % THE ZIGZAG WILL SHOW GOLD COLOR.
I hope this helps, MANY THANKS IN ADVANCE.
Swing Indicator To Draw Different Color Legs
I have searched everywhere but I cannot find a swing indicator which draws different color legs (like attached picture). The angle and length of consecutive up swings/down swings gives me a very good view of momentum.
Can someone please tell me where I can find an indicator which can draw different color legs?
This one i'm posting doesn't draw the different sections in different color, but it places a dot where the zig zag section changed.
The different colored legs show momentum which this one cannot. It looks like it is not available. Thank you for your help.
Interesting zigzag indicator
Based on a zigzag
I found this Zigzagzug indicator to be useful to predetermine the next leg, breakouts and range.
I was wondering if someone might be able to fix this indicator-- changing the zig zag parameters stalls, then crashes the terminal.
Removing--or having the option to toggle--the zigzag leg info off the screen would be nice too
This indicator is very useful--especially on the higher TF's.
Is there anyway to make it MTF and/or to run more than once instance on a chart?
[can only have 1 on a chart--would be nice to add more than one so each can have different parameters]