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Zigzag and Trend

ZigZag and trend indicator is a great tool that will allow you to predict trend changes or confirm the current trend in a quick and intuitive way on the chart. The indicator draws support lines when the trend is bullish or resistance lines when the trend is bearish. The indicator also draws the popular ZigZag lines and shows buy and sell signals in the form of bullish or bearish arrows.


Inputs

  • BuyArrowClr : Select the color of the Buy signals.
  • SellArrowClr : Select the color of the Sell signals.
  • ZigZagClr : Select the color of the ZigZag lines.
  • SupportClr1 : Select color1 for the support line.
  • SupportClr2 : Select color2 for the support line.
  • ResistanceClr1 : Select color1 for the resistance line.
  • ResistanceClr2 : Select color2 for the resistance line.
  • DrawZigZag : True to draw zigzag.
  • ZigZag Lenght: This is the number of candles on which the ZigZag lines, trend and support/resistance level are calculated.
Ali irwan
5195
2017.08.06 05:42 
 

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Version 3.0 - 2017.10.09
Internal changes have been made to improve the signals effectively.
Version 2.0 - 2017.08.22
Whats new: The variable "Drawing bars" has been added to reduce memory consumption when working with large amounts of data. This allows you to insert the number of bars you want to draw and avoid the software's slowness.