That is a simple zigzag renamed, See the comparison - arrows are the ":reversal", and as you can see they are exactly the same as the zigzag that uses the same parameters (I wonders what kind of a Dr "Dr Richard Gaines" is when he does the oldest game in the town)
The picture is missing
Does anyone have the original code of this indicator? Because I want to add alerts in the bands... this indicator is really helpful to get reversals
Thanks for reply Mladen, i even thought was ZizZag but why if you try to attach both indicator the ZigZag and Reversal one. the arrows do not appear on all area when ZigZag change direction?
From what I see, with same parameters the arrows are at exactly the same places where zigzag changes direction
As of the rest : no idea how the "reversal" works, but from the comparison it is clear that it is a zigzag. The rest (is it shows arrows or if the arrows do not appear sometimes) is less interesting and frankly, I would not waste time with something that us clearly a poor disguise of a zigzag indicator
I have found it, if you will not mind, can you add for me alert option so it can alert me when an arrow appear? or if you have a version that do that it will be grateful ?
Just one question : did you use zigzag indicators in real time? Do you know how they behave in run-time?
Yes Mlladen i know and understand how it works it repaints so much i did note that, so will it be possible to get the alert version?
You can find a couple of zigzag indicators with alerts at this thread : https://www.mql5.com/en/forum/172952
Thanks much sir.