The indicator is based on the two-buffer scheme and does not require any additional settings. It can be used on any financial instrument without any restrictions. The indicator is a known ZigZag, but it is not redrawn. The indicator allows to easy detect significant levels on the price chart, as well as demonstrates the ability to determine the probable direction of price movement.
- MinBars – amount of calculated bars, the default is 500. 0 - all bars.
Constructive suggestions and feedback are highly appreciated.