When the oscillator readings change near the extreme point, a signal in the form of an arrow appears on the chart. This allows you to avoid false signals and define market entry/exit points more accurately. Sometimes, the indicator generates signals without displaying an arrow. Such signals forecast the continuation of a trend. The distinctive feature of this indicator is that it allows viewing signals from other timeframes, it allows analyzing up to three timeframes simultaneously.
- TimeFrame - working timeframe. You can set a higher timeframe than the current one. In that case, the signals are more rare but more accurate;
- Periods - oscillator period. The smaller the value, the faster the indicator reacts to changes;
- ExtDepth - zigzag indicator settings. This is the lowest number of points between the extreme points (Highs and Lows) of two adjacent candles for forming a local bottom or top (in %);
- ExtDeviation - zigzag indicator settings. Define the interval or number of candles after a previous indicator's extreme point, at which no search for a new extreme point is performed.
- ExtBackstep - zigzag indicator settings. This is the minimum value of the number of candles between all local extreme points (Highs or Lows).
- TimeFrame2 - the second working timeframe.
- Periods2 - period of the oscillator on the second timeframe.
- ExtDepth2 - zigzag settings for the second timeframe.
- ExtDeviation2 - zigzag settings for the second timeframe.
- ExtBackstep2 - zigzag settings for the second timeframe.
- ShowAlert - enable alerts (yes/no).
- SendPush - send notifications (yes/no).
- SendMailInfo - send notification to email (yes/no).