ZigZag Dual Buffer zigzagdb.mq4
Road Map road_map.zip
Super levels (based on zigzag)
Macerina, made the macd into histogram
ps) added a 2 color version
Is it possible to add Indexing into the zigzag element so when MACD is below zero line it marks either a LL or a LH onto the end points of the ZZ and when MACD is above zero line it plots either a HH or a HL onto each zz end point.
Also if it could be made into a 4 color histogram so increasing and decreasing bars can be given a different color when both above and below the zero line.
I appreciate anyones help or suggestions.
I do not use the standard MACD settings but essentially i am looking for new peaks in the MACD (So HH in uptrend when above zero line and LL in downtrend when below zero line)
From these 'New' peaks i am looking to jump in on the retrace either up or down from each new peak.
I do not use the MACD for determining the entry spot, it only serves to tell me if i should be looking for a potential entry to get back in the trend.
I was thinking that if it would be possible to create a zigzag indicator based on other non repaint indicator, it would be a great help.
Zigzag indicator clearly draws the ups and downs in prices without any noise. It is one of the indicators that I like.
For example, would it be possible to create a zigzag indicator based on nonlag stochastic, or someone else who is better yet?
I have seen that there are indicators that are the result of combining other indicators such as stochastic-RSI, laguerre-rsi, etc.
I think maybe possible to create a laguerre-zigzag, or real macd-zigzag, etc.
Thanks in advance for any comments
UPDATE: Hey! I found a laguerre-zigzag on a Russian website, but it seems you have to update the code, because it does not work.