anyone know of a ZIG zag indicator?

Fernando Carreiro 2022.03.29 09:10 #1

pcindia: Hi, where can I find an Indicator which shows and marks the latest zig zag lag completed?

Please explain in more detail. Your request is unclear.

pcindia 2022.03.29 13:19 #2

Hi Fernando,

To explain it further, lets say eurusd was falling from Point A. it fell till point B . Then it started rising again and reaches till Point A price again.

So point A to Point B makes a LAG.

while rising again and meeting Pint A price again, is called LAG completed.

I am looking for an Indicator or EA that informs me as soon as this LAG is completed.

Hope you know of somthing similar

Image attached with point a and point B

Files:

Capture.JPG 225 kb

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Fernando Carreiro 2022.03.29 13:41 #3

pcindia #: To explain it further, lets say eurusd was falling from Point A. it fell till point B . Then it started rising again and reaches till Point A price again. So point A to Point B makes a LAG. while rising again and meeting Pint A price again, is called LAG completed. I am looking for an Indicator or EA that informs me as soon as this LAG is completed. Hope you know of somthing similar.

I think you might be mixing certain terms there. The word "Lag" has a certain meaning of "delay", yet you also seem to use the word to mean a ZigZag "leg" (point A to point B).

I have also never heard of the term "Lag Completed" and even after a Google search I find no reference to it.

I don't know of any ZigZag that does what you describe, because in a normal ZigZag, it is very common for the end point of a second leg to easily hit the price of the starting point of the previous leg. In fact, it is quite common to use that as a type of support/resistance and to trade the breakout signal, but I have never heard of it being called by the term you have used.

The market is a Metatrader 5 Market Depth Metatrader 5 candle not

pcindia 2022.03.29 15:27 #4

You are right,we call that Leg. any indicator that informs me as soon as the leg is completed? a leg about 100 pips in size?

Fernando Carreiro 2022.03.29 16:07 #5

pcindia #: You are right,we call that Leg. any indicator that informs me as soon as the leg is completed? a leg about 100 pips in size?

I don't know of any! Search the Codebase. There are many ZigZag's there, some with pattern recognition. Maybe one will fit your needs.

pcindia 2022.03.29 16:57 #6

Thank for this. Not precisely what I need but I found teh eact work. Its called a breaout, I need an Indicator that gives me an alert on the breakout