The indicator plots the standard ZigZag by connecting the price peaks with bottoms during the period.
It plots a channel by connecting the ZigZag peaks and ZigZag bottoms. The colors looks fine for black and white background.
New article Machine Learning: How Support Vector Machines can be used in Trading is published:
Support Vector Machines have long been used in fields such as bioinformatics and applied mathematics to assess complex data sets and extract useful patterns that can be used to classify data. This article...
Volume Divergence Markers (VDM):
Flat indicator showing potential entry points.
This indicator places a marker on a chart, based on a divergence between trade volumes and bar sizes, i.e., if bar size has been decreasing/increasing for N continuous bars and volume has been doing the opposite, a...
New article Interaction between MеtaTrader 4 and MATLAB Engine (Virtual MATLAB Machine) has been published:
The article contains considerations regarding creation of a DLL library - wrapper that will enable the interaction of MetaTrader 4 and the MATLAB mathematical desktop package. It describes...
The Exp_ForecastOscilator Expert Advisor is based on signals generated by the ForecastOscilator semaphore signal indicator. A signal to trade is formed when a bar is closing if new colored indicator arrow has appeared.
Author: Nikolay Kositsin