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AO Mini Wave

The indicator displays the price movement as a ZigZag based on the AO indicator values.

If the histogram is rising - the zigzag moves up, if the histogram is falling - the zigzag moves down.

The indicator also displays:

  1. Support and resistance levels based on the latest ZigZag tops.
  2. Unfinished movement of the ZigZag is displayed in another color.
  3. Plots a Fibonacci grid based on the last completed movement of the ZigZag.


Parameters

  • i_showFibo - display Fibo grid (true - display, false - hide)
  • i_show_Res_Sup - display support and resistance lines (true - display, false - hide)
  • i_ActiveWave - display unfinished movement line (true - display, false - hide)
  • Resistance - resistance line color
  • Support - support line color
  • ActiveWave_dn - color of the unfinished downwards movement line
  • ActiveWave_up - color of the unfinished upwards movement line
  • _Resistance - support line width
  • _Support - resistance line width
  • _ActiveWave - unfinished movement line width
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