Zigzag Zotik

5

The Zigzag Zotik indicator displays the price movement in the form of a zigzag based on the AO_Zotik indicator values.

The Zigzag Zotik indicator displays the trend movements and their corrections.

The AO_Zotik indicator consists of three lines moving relative to "0":

  1. "main" line;
  2. "support and resistance" line;
  3. "balance" line.
  1. The "main" line crossing the "support and resistance" line indicates the end of one wave and the beginning of the other. The Zigzag Zotik indicator displays this on the chart by changing the direction of zigzag.
  2. If the "support and resistance" line is above "0", then there is an ascending movement. The Zigzag Zotik indicator displays this on the chart using a trend line of one color.
  3. If the "support and resistance" line is below "0", then there is a descending movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.
  4. If the "support and resistance" line is above "0", and the "main" line crosses the "support and resistance" and the "balance" line downwards, then there is a correction to this upward movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.
  5. If the "support and resistance" line is below "0", and the "main" line crosses the "support and resistance" and the "balance" line upwards, then there is a correction to this downward movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.


Indicator Parameters

  • NumberOfBars - amount of calculated bars.
  • width - width of the zigzag lines.
  • i_colUp - color of the ascending movement.
  • i_colDown - color of the descending movement.
  • i_colUpCor - color of the corrective ascending movement.
  • i_colDownCor - color of the corrective descending movement.
Reviews 1
varon
531
varon 2022.11.13 21:16 
 

Мені дуже подобається, 5 зірок! Але... Можна було б його зробити мтф і щоб його можливо було застосовувати одразу 2 індикатори на одному графіку, щоб вони показували той таймфрейм що я використовую та старший таймфрейми одночасно на одному графіку.

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Trading Special – 40% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the pot
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Indicators
This indicator has been designed to integrate with the Elliott Wave theory, providing two distinct methods of operation: Automatic Work: In this mode, the indicator operates autonomously by detecting all five motive waves on the chart according to Elliott Wave theory. It offers predictions and identifies potential reversal zones. Additionally, it has the capability to generate alerts and push messages to notify traders of significant developments. This automated functionality streamlines the pro
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Young Ho Seo
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Indicators
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
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Mohamed Hassan
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Indicators
Send us a message after your purchase to receive more information on how to get your  BONUS  for FREE  that works in great combination with Bull vs Bear ! Bull versus Bear is an easy-to-use Forex indicator that gives traders clear and accurate signals based on clear trend retests . Forget about lagging indicators or staring at charts for hours because  Bull vs Bear provides real-time entries with no lag and no repaint, so you can trade with confidence. Bull vs Bear  helps you enter trades during
Peak Formation Dashboard Pro MT4
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Indicators
The Propfolio Master Suite is the ultimate all-in-one analytical workstation for professional traders. Combining the power of the Beat The Market Maker (BTMM) methodology, Smart Money Concepts (SND/Liquidity), and Advanced Volume Profile, this suite replaces multiple different indicators with one optimized engine. Monitor up to 14 pairs simultaneously from a single chart, instantly identify market cycles, and seamlessly map institutional footprints with the click of a button. The Command Center
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Heiken Ashi MTF ZZ
Andrei Belous
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The indicator displays the price movement as three zigzags of different time periods (current, higher and even higher periods) on a single chart. Zigzag is plotted based on the Heiken Ashi indicator and the High/Low price values. The indicator also displays: Support and resistance levels based on the latest peaks of zigzags; Unfinished movement of the current period's zigzag, higher-period zigzag and even higher-period zigzag is displayed in another color. Parameters TimeFrame : periods tot cal
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varon
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varon 2022.11.13 21:16 
 

Мені дуже подобається, 5 зірок! Але... Можна було б його зробити мтф і щоб його можливо було застосовувати одразу 2 індикатори на одному графіку, щоб вони показували той таймфрейм що я використовую та старший таймфрейми одночасно на одному графіку.

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