ZigZag Indicator with Extra Features:
Author: Fernando Carreiro
Can you please explain what you mean by "Arrow"? The indicator does not use any arrows (only circles), as it does not indicate any specific strategy.
There are several points that could be used for entry signals, trading with the trend or against it, but I did not place any emphasis on any type of strategy.
The main reason for this Indicator and the Article was for newcomers to better understand its workings and why it "repaints".
Can you describe in more detail what your request is please?
I can setup Alerts, yes, but please note that the "circles" or breakouts are constantly repainting even within he same bar as the price keeps exceeding the high/low.
I will set it up so that it only alerts at the beginning of the breakout for that bar, but you will keep getting alerts on every bar that breaks out!
Attention! Please note that there is a bug in the initial version which is preventing it from updating on the must current data.
Please download the UPDATED VERSION.
The latest version release V1.1 has been send in and is awaiting MetaQuotes approval for subsequent publishing. It corrects a bug preventing updates on fresh tick data, as well as a new Alert feature requested by a "lordmen99". Since it is the week-end and MetaQuotes might take long to approve the new publication, I have decided to provide a temporary link to the updated version.
Please note, that once the publication has been made official, I will disable the previous link.
The new updated version is now officially up, so please disregard the previous message. The temporary link to the updated file will soon be removed too.
hi lordmen99, as FMIC told you before, it's ONLY AN INDICATOR, and just like EVERY OTHER INDICATOR, it is you to decide when/where to take an action.
Welcome to this world of patients