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Standard ZigZag with added alert, push notifications and email messages on breakout of the last formed HIGH - LOW! It does not consider the current extremum of the ZigZag, that is being redrawn!


Indicator Settings

  • Depth - determines the size of the interval or the number of candles after the previous extremum of the indicator, on which it will not look for a new extremum
  • Deviation - the number of points between the extremums (Lows or Highs) of two adjacent candlesticks to form a local bottom of peak
  • Backstep - the minimum amount of candles between local extremums (Highs or Lows).
  • Send Push-notification - send Push notifications
  • Send e-mail - send email messages

There are numerous variations of using this modification, but the main purpose is of course to free give the trader a free hand, it allows to analyze much more instruments, so the trader will not have to sit in front of the monitor for hours!

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Viktor Glovluk
5 (1)
Easy to use trend indicator. Only one adjustable parameter that does not require optimization, which is responsible for the timeframe of the second line of the indicator. It can take three values: current - the second line is not calculated, one higher - one timeframe higher that the current one, two higher - two timeframes higher than the current one. The system for determining the market direction is based on a proprietary method, which uses the two most effective standard indicators (CCi and
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Maksym Mudrakov
30049
Maksym Mudrakov 2016.08.31 07:02 

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